On the morning of July 15, SJC gold bar prices were listed by SJC, DOJI , and PNJ companies at 119.1 million VND/tael for buying and 121.1 million VND/tael for selling - down 400,000 VND compared to yesterday.
Gold price drops, market is quiet
Similarly, the price of 99.99% gold rings and jewelry gold also dropped to 114.6 million VND/tael for buying and 117.1 million VND/tael for selling - down 400,000 VND compared to yesterday.
Domestic gold prices fell again following the downward trend of world gold prices. After many days of maintaining a high level, this morning gold prices fell from the highest level in about a month.
The market continues to be quiet as investors wait for the new regulations on SJC gold bar management policy.
In the international market, today's gold price is trading at 3,346 USD/ounce, down about 12 USD/ounce compared to the previous session.
World gold prices suddenly dropped as the value of the USD increased strongly. The USD index on the international market surpassed 98.09 points, the highest level in many days.
SJC gold bar price drops again
Gold prices may continue to be under pressure in the short term due to a stronger US dollar and tough US trade policies, analysts say. However, in the long term, demand from central banks could support gold prices to remain high.
Small gold shops may face difficulties?
Meanwhile, according to SSI Securities Corporation’s second-half 2025 strategy report, the State Bank’s announcement of a draft amendment to Decree 24/2012/ND-CP regulating gold trading activities in Vietnam is considered an important step in the roadmap for liberalizing the gold market. This creates conditions for private enterprises and financial institutions to participate in the gold market.
Since 2012, the domestic gold supply has remained virtually unchanged while demand has continued to increase, leading to gold smuggling. The draft amendment to Decree 24 aims to improve the supply to limit smuggling and address the shortage of gold in the market. It allows private enterprises to be eligible to import raw gold for the production of gold bars and jewelry, according to quotas granted by the State Bank...
"Gold businesses have the potential to benefit from being licensed to import raw gold and produce gold bars. Meanwhile, small retail gold shops may have difficulty meeting licensing requirements," SSI experts commented.
Currently, the world gold price converted according to the listed exchange rate is about 106 million VND/tael, which is more than 15 million VND/tael lower than the price of SJC gold bars.
Source: https://nld.com.vn/gia-vang-mieng-sjc-va-vang-nhan-bat-ngo-giam-sau-196250715092153116.htm
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