SJC gold bar price remains unchanged, central exchange rate hits new record

(Dan Tri) - The price of SJC gold bars remained unchanged after 2 sessions, around 120.6 million VND/tael for selling. The central exchange rate continued to set a new record at 25,176 VND, up 8 VND compared to before.

At the end of the trading session on July 17, the price of SJC gold bars was listed by large enterprises at 118.6-120.6 million VND/tael (buy - sell), unchanged in both buying and selling compared to before.

Similarly, the price of gold rings is also kept unchanged in both directions, currently listed at 114.2-116.7 million VND/tael (buy - sell).

Meanwhile, the international price of precious metals in the early morning of July 18 (Vietnam time) was trading around 3,341 USD/ounce, down more than 12 USD compared to before. Converted at the exchange rate excluding taxes and fees, the world gold price is equivalent to 106 million VND/tael.

Domestic gold bar prices remain unchanged after 2 sessions (Photo: Manh Quan).

World gold prices on July 17 increased sharply, surpassing the 3,370 USD/ounce mark, equivalent to about 107.3 million VND per tael, an increase of more than 1 million VND compared to the previous session.

According to analysts, this increase comes from the shocking information that US President Donald Trump is considering firing Federal Reserve Chairman Jerome Powell. The market reacted immediately because if this happens, the Fed could lose its independence in conducting monetary policy.

At that time, under pressure from the White House, the possibility of a rate cut would have happened more quickly, leading to a weakening of the USD and a rise in gold prices. However, President Trump later denied this rumor, causing gold prices to slightly decrease.

In addition, the upward trend in gold prices also encountered obstacles when the USD strengthened and US stock indexes increased, reducing buying pressure for gold. Some investors took advantage of the increase to take profits in the context of relatively quiet summer trading.

However, experts still believe that the long-term outlook for gold remains positive. Investors are closely watching the European Union, which is preparing to respond to the US's plan to impose a 30% tax by imposing tariffs on tens of billions of dollars of US goods.

Central rate sets new record

The State Bank of Vietnam closed yesterday's session listing the central exchange rate at 25,176 VND, up 8 VND from the previous session, continuing to set a new record high. With a 5% margin compared to the central exchange rate, commercial banks are allowed to buy and sell USD in the range of 23,918-26,433 VND.

The exchange rate at large banks is 25,940-26,330 VND (buy - sell), up 10 VND in both buying and selling. At medium-sized banks, the USD price is 25,940-26,330 VND (buy - sell).

On the free market, foreign currency exchange points buy and sell USD around 26,350-26,420 VND (buy - sell), down 10 VND in both buying and selling compared to before.

Source: https://dantri.com.vn/kinh-doanh/gia-vang-mieng-sjc-bat-dong-ty-gia-trung-tam-co-ky-luc-moi-20250718070810736.htm