At the end of the trading session on July 22, the price of SJC gold bars was listed by large enterprises at 120-122 million VND/tael (buy - sell), unchanged in the buying direction but increased by 500,000 VND in the selling direction compared to the opening of the session.
The price of gold rings increased by 500,000 VND each way, listed at 115-117.5 million VND/tael (buy - sell).
On the international market, the price of gold this morning (Vietnam time) was at 3,429 USD/ounce, up nearly 40 USD compared to the previous one. Converted at the exchange rate excluding taxes and fees, the world gold price is equivalent to 108.8 million VND/tael.
Gold bar price reaches 122 million VND/tael (Photo: Manh Quan).
World gold prices rose to a five-week high in the session on July 22, supported by concerns over US President Donald Trump's new tax deadline and falling US bond yields.
The yield on 10-year US government bonds fell to near a two-week low, making gold more attractive to investors.
Jim Wyckoff, senior analyst at Kitco Metals, said uncertainty over trade deals has boosted safe-haven demand. The U.S. is currently negotiating several deals, but there are rumors that the U.S. and the EU have not made significant progress.
On the same day, US Treasury Secretary Scott Bessent said he would meet with his Chinese counterpart next week, suggesting the possibility of extending the August 12 deadline for tariffs. He also said the US was about to announce a series of new trade agreements with other countries.
Meanwhile, European Union (EU) diplomats have hinted that the bloc is considering more far-reaching countermeasures if the prospects for talks with the US continue to be deadlocked.
Investors are also looking ahead to the Federal Reserve's policy meeting next week. Although the Fed is likely to keep interest rates unchanged, the market is still expecting a rate cut in October.
Central rate cools down
The State Bank currently lists the central exchange rate at 25,179 VND, down 12 VND from the previous rate and setting a new record. With a 5% margin compared to the central exchange rate, commercial banks are allowed to buy and sell USD in the range of 23,919-26,438 VND.
The exchange rate at large banks is 25,930-26,320 VND (buy - sell), down 20 VND each way compared to before. At medium-sized banks, the USD price is 25,940-26,330 VND (buy - sell), down 10 VND in the buying direction.
On the free market, foreign exchange points buy and sell USD around 26,360-26,450 VND (buy - sell), down 10 VND in the buying direction.
Source: https://dantri.com.vn/kinh-doanh/gia-vang-mieng-len-122-trieu-dongluong-cao-nhat-2-thang-20250723015454268.htm
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