Gold price today (July 5): Domestic gold bar price decreased by 400,000 VND/tael, below 121 million VND/tael. Meanwhile, world gold price increased slightly, listed around 3,337 USD/ounce.
Domestic gold price today
The brands DOJI , SJC, PNJ, and Bao Tin Minh Chau simultaneously listed the price of gold bars at 118.9 - 120.9 million VND/tael (buy - sell), down 400,000 VND/tael in both directions.
Phu Quy SJC's buying price is 700,000 VND/tael lower than other gold brands, listed at 118.2 million VND/tael for buying and 120.9 million VND/tael for selling (down 400,000 VND/tael).
Domestic gold bar prices updated at 5:00 a.m. on July 5 as follows:
Yellow | Area | Early morning 4-7 | Early morning 5-7 | Difference | |||
Buy | Sell | Buy | Sell | Buy | Sell | ||
Unit of measure: Million VND/tael | Unit of measure: Thousand dong/tael | ||||||
DOJI | 119.3 | 121.3 | 118.9 | 120.9 | -400 | -400 | |
Ho Chi Minh City | 119.3 | 121.3 | 118.9 | 120.9 | -400 | -400 | |
SJC | Ho Chi Minh City | 119.3 | 121.3 | 118.9 | 120.9 | -400 | -400 |
Hanoi | 119.3 | 121.3 | 118.9 | 120.9 | -400 | -400 | |
Danang | 119.3 | 121.3 | 118.9 | 120.9 | -400 | -400 | |
PNJ | Ho Chi Minh City | 119.3 | 121.3 | 118.9 | 120.9 | -400 | -400 |
Hanoi | 119.3 | 121.3 | 118.9 | 120.9 | -400 | -400 | |
Bao Tin Minh Chau | Nationwide | 119.3 | 121.3 | 118.9 | 120.9 | -400 | -400 |
Phu Quy SJC | Nationwide | 118.6 | 121.3 | 118.2 | 120.9 | -400 | -400 |
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Gold price today (July 5) lost the mark of 121 million VND/tael. Illustration photo: VNA |
Similar to gold bars, the price of gold rings today also decreased, listed at the highest price of 117.5 million VND/tael for sale.
Specifically, SJC listed the price of gold rings at 114.3 - 116.8 million VND/tael (buy - sell), down 200,000 VND/tael in both directions.
DOJI traded gold rings at 115.5 - 117.5 million VND/tael, down 500,000 VND/tael in both directions.
Phu Quy traded gold rings at 114.3 - 117.3 million VND/tael (buy - sell), down 200,000 VND/tael in both directions.
PNJ keeps the price of gold rings at 114.8 - 117.4 million VND/tael.
Bao Tin Minh Chau brand gold rings continue to be listed at 114.5 - 117.5 million VND/tael (buy - sell).
World gold price today
In the world gold market, the spot gold price today increased slightly compared to yesterday morning, listed around 3,337 USD/ounce (equivalent to 106.2 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees).
Thus, the world gold price is about 14.7 million VND/tael lower than the domestic gold price.
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| The world gold price is about 14.7 million VND/tael lower than the domestic gold price. Photo: Kitco |
The precious metal’s rise was fueled by a wave of investors seeking safe-haven assets after the US House of Representatives officially passed a bill to cut taxes and expand government spending - a move that increased concerns about fiscal risks in the world’s largest economy.
Accordingly, the tax bill above extends tax cuts, increases spending on border security and the military, and sharply cuts the budget for two major health programs, Medicare and Medicaid. Notably, this bill could also increase the US public debt by trillions of dollars.
In addition, US President Donald Trump on July 3 also announced that he would start sending out tariff notices from July 4, instead of continuing to negotiate individually with trade partners. If President Trump maintains the tariff rate on July 9 as previously announced, analysts predict that the USD will weaken and gold prices may continue to rise.
According to experts, the US Federal Reserve (Fed) is stuck between two difficult choices. Accordingly, inflation has decreased, meaning the Fed can cut interest rates. However, cutting interest rates when the economy is still doing well will fuel the risk of inflation, especially in the context of the new US tariffs being activated - a factor that is also likely to cause inflation.
Meanwhile, according to Kitco News' weekly gold survey, Wall Street professionals are hesitant about gold's short-term prospects, while retail investors are showing growing confidence that gold prices will continue to rise.
MR. PHUONG
* Please visit the Economics section to see related news and articles.
Source: https://baolamdong.vn/gia-vang-hom-nay-5-7-quay-dau-giam-381124.html
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