Gold price today (afternoon of July 3): Domestic gold price advances...

The price of SJC gold bars in the domestic market on July 3 increased by 200,000 - 300,000 VND/tael, approaching the mark of 121 million VND/tael.

Specifically, SJC gold bars of DOJI Gold and Gemstone Group are trading at 118.9 - 120.9 million VND/tael, an increase of 200,000 VND/tael for both buying and selling.

Similarly, SJC gold bars of Saigon Jewelry Company (SJC) bought at 117.9 million VND/tael, sold at 120.9 million VND/tael, an increase of 200,000 VND/tael for both buying and selling.

Bao Tin Minh Chau Gold buys at 117.9 million VND/tael, sells at 120.9 million VND/tael, up 200,000 VND/tael in both directions.

Meanwhile, Phu Quy Gold and Gemstone Group bought SJC gold bars at VND118.3 million/tael; sold at VND120.9 million/tael, up VND200,000/tael in both directions.

Branded gold rings also increased slightly. Specifically, SJC brand gold rings are listed at 114.3 - 116.8 million VND/tael.

DOJI brand gold rings are listed at 115.7 - 117.7 million VND/tael.

Bao Tin Minh Chau brand gold rings are listed at 114.5 - 117.5 million VND/tael.

Phu Quy brand gold rings are listed at 114.4 - 117.4 million VND/tael.

PNJ brand gold rings in Hanoi and Ho Chi Minh City are being bought at 114.8 million VND/tael; sold at 117.4 million VND/tael.

Thus, in the past month (from June 3 to July 3), domestic gold prices increased sharply. SJC gold prices increased by VND4 million/tael for buying and VND3.7 million/tael for selling. Specifically, SJC gold buying increased from VND114.9 million/tael to VND118.9 million/tael; selling increased from VND117.2 million/tael to VND120.9 million/tael.

Gold price today (afternoon of July 3): Domestic gold is approaching the 121 million VND/tael mark. Illustrative photo

The world gold price at 1:15 p.m. on July 3 was 3,360.58 USD. The world gold price generally increased by 0.36% in the past 24 hours, equivalent to an increase of 11.95 USD/ounce.

The trade deal between the United States and Vietnam reached on July 2 attracted some sellers in Asian trading on Thursday, according to fxstreet.com, and for now, the deal appears to have halted gold’s three-day rally from a one-month low hit earlier this week.

A modest rally in the US dollar has also weighed on gold, but any meaningful decline in the precious metal appears elusive following dovish expectations from the US Federal Reserve.

In fact, traders seem to believe that the Fed will continue its rate-cutting cycle in the near future. Bets were reaffirmed after the ADP private-sector employment report was released on Wednesday. This, coupled with concerns that the US fiscal situation could worsen further following President Donald Trump’s budget bill, will weigh on the US dollar and support gold prices. Traders are now looking to the US Non-Farm Payrolls (NFP) report for clues on the Fed’s rate-cutting path and the near-term trajectory of the non-yielding yellow metal.

LINH PHUONG

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Source: https://baolamdong.vn/gia-vang-hom-nay-chieu-3-7-vang-trong-nuoc-tien-sat-moc-121-trieu-dong-luong-380957.html