Domestic gold price
Domestic gold prices continued to increase sharply, bringing the price of SJC gold bars to the highest level in the past. Meanwhile, the price of 9999 round gold rings also recorded a simultaneous increase in many large systems.
Specifically, according to updates from major gold trading enterprises in the early morning of July 13, the price of SJC gold bars at Saigon Jewelry Company (SJC) was listed at VND119.5 million/tael (buy) and VND121.5 million/tael (sell), an increase of VND500,000/tael compared to the previous session in both directions.
DOJI Group, Bao Tin Minh Chau and many other businesses also adjusted prices similarly, bringing the price of gold bars to 119.5 - 121.5 million VND/tael. The increase of 500,000 VND/tael was recorded in the context of demand showing signs of improvement and the international gold market is in a slight upward trend.
Thus, the level of 121.5 million VND/tael has become the highest selling price of gold bars in the past trading week, continuing the increasing trend that started from the beginning of July.
Not only gold bars, the price of 9999 round gold rings - a product favored by many people because it is easy to buy, sell and store - also witnessed a similar increase. At the DOJI system, Hung Thinh Vuong gold rings are listed at 116 million VND/tael (buy) and 119 million VND/tael (sell), an increase of 500,000 VND/tael in both directions.
Meanwhile, Bao Tin Minh Chau quoted the price of round gold rings at 116.2 - 119.2 million VND/tael (buy - sell), corresponding to an increase of 500,000 VND/tael.
It is clear that the current price of SJC gold bars is still higher than that of 9999 round gold rings, in line with the long-standing trend when gold bars are often positioned as an "elite" asset in terms of brand and liquidity in large transactions. However, a notable point is that the difference between the buying and selling prices of gold rings is currently up to 3 million VND/tael, while SJC gold bars only differ by about 2 million VND/tael, which shows that at the present time, buying gold rings will be riskier than SJC gold bars.
Gold price update morning of July 13:
| Unit | SJC gold bars | 9999 gold ring | ||
| Purchase price (million VND/tael) | Selling price (million VND/tael) | Purchase price (million VND/tael) | Selling price (million VND/tael) | |
| SJC | 119.5 | 121.5 | 115.0 | 117.5 |
| DOJI | 119.5 | 121.5 | 116.0 | 119.0 |
| PNJ | 119.5 | 121.5 | 115.2 | 118.2 |
| BTMC | 119.5 | 121.5 | 116.2 | 119.2 |
| Bao Tin Manh Hai | 119.6 | 121.4 | 116.2 | 116.2 |
| Phu Quy | 118.8 | 121.5 | 115.2 | 118.2 |
| Red Eyelashes | 119.5 | 120.5 | 115.7 | 117.2 |
| NTJ | 118.8 | 121.0 | 107.3 | 109.5 |
World gold price
Updated at 5:00 a.m. on July 13 (Vietnam time) from the Kitco exchange, the world gold price was listed at around $3,355.95/ounce, up $38.64 from the previous session. This increase partly reflects market sentiment after US President Donald Trump suddenly announced a 50% tax on imported copper, raising concerns about a new wave of trade tensions.
The gold market had a volatile week. Concerns about the original July 9 tariff deadline had made investors cautious, but the delay to August 1 and the rise of the S&P 500 temporarily calmed sentiment. This fact made gold prices lose their appeal at times as investors shifted their money to the stock market.
However, uncertainty remains. Trade tensions have not eased and the Fed has maintained a neutral monetary stance, sending money back into safe-haven assets like gold.
Gold Price Forecast
According to a Kitco News survey, the market is divided on the direction of gold prices next week. Of the 15 Wall Street analysts surveyed, 47% predict prices will rise, 7% see prices falling, and the remaining 47% see the market moving sideways.
Among individual investors, 231 online votes also reflected a mixed trend: 45% expected prices to rise, 27% thought prices would fall, while 28% predicted gold prices would remain at current levels.
Many experts believe that gold remains a popular choice in an uncertain environment, but the rally will face difficulties due to competitive pressure from other metals such as copper and silver, which are recording stronger buying power.
Mr. Aakash Doshi, Chief Market Strategist at State Street Global Advisors, believes that gold prices will fluctuate in the range of 3,100 - 3,500 USD/ounce in the third quarter of 2025, and also commented that the gold market is entering a correction phase after a strong increase in the first half of the year.
On the other hand, some analysts maintain a neutral stance, saying that the lack of new catalysts – such as the June 2025 CPI – will make it difficult for gold prices to move further in the short term. The US Federal Reserve (Fed) continues to be cautious about inflation and has not yet raised interest rates, leaving the market with few factors to create a breakthrough.
Aaron Hill (FP Markets) and Ole Hansen (Saxo Bank) both commented that if CPI data stabilizes, the USD index could hold steady, and gold prices are likely to move sideways, rather than breaking out to a new record high of $3,500/ounce.
Source: https://baohatinh.vn/gia-vang-hom-nay-137-trong-nuoc-quoc-te-deu-tang-manh-post291625.html
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