Domestic gold ring prices early this morning were adjusted down by some brands.

Buy (VND/tael) Increase/decrease Sell ​​(VND/tael) Increase/decrease
SJC 114,200,000 - 300,000 116.70.000 - 300,000
Doji 116,000,000 0 118,000,000 0

                                    SJC and Doji gold ring price list updated morning of July 4

Opening the trading session on July 4, the price of SJC 9999 gold was adjusted down by 400 thousand VND/tael in both buying and selling compared to the closing price of yesterday's trading session, down to 118.9-120.9 million VND/tael (buying - selling).

Buy (VND/tael) Increase/decrease Sell ​​(VND/tael) Increase/decrease
SJC HCMC 118,900,000 - 400,000 120,900,000 - 400,000
Doji Hanoi 119,300,000 0 121,300,000 0
Doji HCMC 119,300,000 0 121,300,000 0

                              SJC and Doji gold bar price list updated on the morning of July 4

World gold prices increased this morning. At 8:48 a.m. today (July 4, Vietnam time), the world spot gold price was at 3,327.7 USD/ounce, up 3.7 USD/ounce compared to last night.

On the morning of July 4 , the world gold price converted to USD bank price was over 106.8 million VND/tael, including tax and fees, about 14.1 million VND/tael lower than the domestic gold price.

According to Kitco, at 8:00 p.m. (July 3, Vietnam time), the spot gold price on the international market was at $3,324/ounce, down 0.95% on the day. The gold futures price for August 2025 delivery on the Comex New York floor was trading at $3,340/ounce.

The US Dollar Index (DXY), which measures the USD's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stood at 97.11 points.

The gold market is going through a challenging period as the US dollar strengthens and the prospect of a Federal Reserve rate cut becomes more remote.

The US June jobs report just released exceeded all expectations, reinforcing confidence in a solid economy and pushing gold prices down sharply.

world gold price.jpg
World gold prices reversed and decreased. Photo: Kitco

The U.S. nonfarm payrolls increased by 147,000 jobs in June, far exceeding the 111,000 economists expected, according to the Bureau of Labor Statistics, a strong signal that the labor market is still maintaining impressive growth momentum.

Along with that, the unemployment rate fell to 4.1%, lower than the 4.2% in May and the forecast of 4.3%. This shows that the economy's ability to absorb labor is still very good, even better than expected.

Notably, employment data for the previous two months were also revised upward. Specifically, May's figure was revised up to 144,000 jobs (from 139,000), and April's to 158,000 jobs (from 147,000). These revisions further enhance the positive picture of the US labor market.

The report also showed that inflationary pressures on wages are showing signs of easing. Average hourly earnings rose just 0.2% in June to $36.30, below economists’ expectations of a 0.3% increase. While this is good news for the fight against inflation, it reduces the appeal of gold as an inflation hedge.

Analysts said the jobs report all but eliminated the possibility of a Fed rate cut in July. The US central bank has repeatedly said it will not rush to lower interest rates as long as the labor market remains strong.

Chris Zaccarelli, chief investment officer at Northlight Asset Management, said that given the jobs data, the Fed may wait until the end of this quarter or even the fourth quarter before cutting interest rates.

At the end of the session on July 3, the price of SJC gold bars was traded at 119.3-121.3 million VND/tael (buy - sell), an increase of 600,000 VND/tael compared to the previous session.

The price of 1-5 chi SJC gold rings is listed at 114.5-117 million VND/tael (buy - sell), an increase of 500,000 VND/tael for buying compared to the previous session. The price of 9999 gold rings at Doji is at 116-118 million VND/tael, an increase of 600,000 VND/tael compared to the previous session.

Gold Price Forecast

Robert Minter, director of ETF strategy at abrdn, said the US debt has officially surpassed $37 trillion, marking a worrying financial milestone. However, Minter stressed that the US is not “alone” in this deficit spending race. European countries have also been increasing spending in recent months, reflecting a global trend.

Minter asserts that currency depreciation is clearly reflected in the price of gold, as the precious metal continues to trade near record highs against all major currencies in the world.

“Gold prices above $3,000 are completely reasonable given the level of debt around the world. It is unlikely that gold will fall significantly below $3,000 an ounce again,” he said.

Minter predicts that gold prices could rise another $300 an ounce as soon as the Fed starts cutting interest rates. This could push gold prices to nearly $3,700 an ounce, a new record high.

Source: https://vietnamnet.vn/gia-vang-hom-nay-4-7-2025-sjc-va-nhan-bien-dong-manh-2418019.html