Gold price today (July 8): Domestic gold price decreased by 400,000 VND per tael compared to yesterday, to 120.5 million VND/tael for sale; world gold price increased slightly as the market waited for developments from the deadline for new US tariffs.
Domestic gold price today
The brands DOJI , SJC, PNJ, and Bao Tin Minh Chau simultaneously listed the price of gold bars at 118.5 - 120.5 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 117.8 million VND/tael for buying and 120.5 million VND/tael for selling (down 400,000 VND/tael).
Bao Tin Manh Hai Gold buys at a higher price and sells at a lower price of VND100,000/tael compared to other gold brands, listed at VND118.6 - 120.4 million/tael (buy - sell), stable compared to yesterday.
Domestic gold bar prices updated at 5:00 am on July 8 as follows:
Yellow | Area | Early morning 7-7 | Early morning 8-7 | Difference | |||
Buy | Sell | Buy | Sell | Buy | Sell | ||
Unit of measure: Million VND/tael | Unit of measure: Thousand dong/tael | ||||||
DOJI | 118.9 | 120.9 | 118.5 | 120.5 | -400 | -400 | |
Ho Chi Minh City | 118.9 | 120.9 | 118.5 | 120.5 | -400 | -400 | |
SJC | Ho Chi Minh City | 118.9 | 120.9 | 118.5 | 120.5 | -400 | -400 |
Hanoi | 118.9 | 120.9 | 118.5 | 120.5 | -400 | -400 | |
Danang | 118.9 | 120.9 | 118.5 | 120.5 | -400 | -400 | |
PNJ | Ho Chi Minh City | 118.9 | 120.9 | 118.5 | 120.5 | -400 | -400 |
Hanoi | 118.9 | 120.9 | 118.5 | 120.5 | -400 | -400 | |
Minh Chau Newspaper | Nationwide | 118.9 | 120.9 | 118.5 | 120.5 | -400 | -400 |
Phu Quy SJC | Nationwide | 118.2 | 120.9 | 117.8 | 120.5 | -400 | -400 |
Strong News | Hanoi | 118.6 | 120.4 | 118.6 | 120.4 | - | - |
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Domestic gold prices today turned down by 400,000 VND per tael compared to yesterday. Illustration photo: VGP |
* Similar to gold bars, the price of gold rings today also decreased, the deepest decrease was 600,000 VND/tael.
specific, SJC listed the price of gold rings at 113.9 - 116.4 million VND/tael (buy - sell), down 400,000 VND/tael in both directions.
DOJI traded gold rings at 115 - 117 million VND/tael, down 500,000 VND/tael in both directions.
PNJ traded gold rings at 114.2 - 116.9 million VND/tael, down 600,000 VND/tael for buying and down 500,000 VND/tael for selling.
Phu Quy listed the price of gold rings at 113.9 - 116.9 million VND/tael, down 400,000 VND/tael in both directions.
Bao Tin Minh Chau brand gold rings also reduced the price of gold rings by 500,000 VND/tael each way, listed at 115.2 - 118.2 million VND/tael (buy - sell).
The price of Bao Tin Manh Hai gold rings is the same for both buying and selling: 115.2 million VND/tael.
World gold price today
In the world gold market, the spot gold price today increased slightly compared to yesterday morning, listed around 3,342 USD/ounce (equivalent to 106.4 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees).
The world gold price generally increased by 0.18% in the past 24 hours, equivalent to an increase of 5.8 USD/ounce. Gold has increased by 1.01% in the past 30 days and increased by nearly 40% in the past year.
Currently, the world gold price is about 14.1 million VND/tael lower than the domestic gold price.
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| Photo: Reuters |
Gold prices slipped to a nearly one-week low on Monday as the dollar rose slightly and investors waited for details on trade talks ahead of a tariff deadline imposed by US President Donald Trump.
“We are seeing a mild correction due to the short-term strength of the US dollar – possibly because the economic data from the US is still quite solid, making the need for rate cuts less urgent,” said Nitesh Shah, a commodity strategist at WisdomTree, one of the largest US asset managers.
The dollar index rose 0.2% against a basket of major currencies, making gold more expensive for buyers holding other currencies.
Meanwhile, last week's data showed that US job growth unexpectedly increased in June, while concerns about tariff-induced inflation have raised expectations that the US Federal Reserve will slow its rate cuts.
Meanwhile, US President Donald Trump announced on July 6 that the US is very close to finalizing a series of trade agreements in the next few days, and will notify the countries involved of higher tariffs on July 9. These tariffs are expected to take effect from August 1.
In April, President Donald Trump announced a basic 10% tariff on most countries, with a possible higher “reciprocal” tariff – possibly as high as 50% – with an initial deadline of this Wednesday.
"The 90-day negotiation period is coming to an end and there has been no breakthrough trade deal so far. This suggests that the trade balance is likely to narrow this year, which is bad for economic growth but good for gold prices," said Nitesh Shah, a commodity strategist.
MR. PHUONG
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Source: https://baolamdong.vn/gia-vang-hom-nay-8-7-vang-the-gioi-tang-nhe-truoc-thoi-han-ap-thue-cua-my-381545.html
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