Gold price on July 10, 2025: World gold price increased slightly

Gold price on July 10, 2025, world gold increased slightly compared to yesterday morning. Meanwhile, SJC turned down to below 121 million VND/tael.

SJC dropped below 121 million VND/tael

The brands DOJI , SJC, PNJ, and Bao Tin Minh Chau all reduced the price of gold bars by 400,000 VND/tael, listing the price at 118.6 - 120.6 million VND/tael (buy - sell).

Phu Quy SJC's buying price is 700,000 VND/tael lower than other gold brands, listed at 117.9 million VND/tael for buying and 120.6 million VND/tael for selling (down 400,000 VND/tael).

Similar to gold bars, the price of gold rings today also turned down, listed at the highest price of 118 million VND/tael for sale.

Illustration photo. (Photo source: Internet)

Specifically, SJC listed the price of gold rings at 114 - 116.5 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 114.1 - 117 million VND/tael, down 600,000 VND/tael for buying and down 300,000 VND/tael for selling.

Phu Quy listed the price of gold rings at 114 - 117 million VND/tael, down 300,000 VND/tael in both directions.

Bao Tin Minh Chau also reduced the price of gold rings by 700,000 VND/tael each way, listed at 115 - 118 million VND/tael (buy - sell).

World gold price

According to Kitco, the world gold price recorded at 5:00 a.m. on July 10, Vietnam time, was at 3,310.62 USD/ounce. Today's gold price increased by 12.68 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,320 VND/USD), the world gold price is about 108.47 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 12.13 million VND/tael higher than the international gold price.

Gold prices fell to their lowest in more than a week on Wednesday as the US dollar strengthened, while investors kept a close eye on developments in trade talks between the US and its partners.

The dollar held near a two-week high, making gold less attractive to foreign investors. The yield on the 10-year US Treasury note also hovered near a three-week high.

In the short term, the US dollar is recovering from recent lows, causing gold prices to lose momentum, but in the long term, gold prices are still well supported, said David Meger, director of metals trading at High Ridge Futures.

Illustration photo. (Photo source: Internet)

On trade, the European Union (EU) said it is working to reach an agreement with the US before the end of this month. Meanwhile, President Trump announced that he would impose additional tariffs on a number of countries, but did not specify the specific targets.

Investors are also awaiting the minutes of the US Federal Reserve's latest policy meeting for clues on the path of interest rates. The minutes of the June 17-18 meeting are expected to show a split within the Fed over whether to cut rates, amid concerns about the impact of tariffs on inflation.

Mr. Meger said the minutes would likely confirm that the Fed would find it difficult to cut interest rates in July, and could be as early as September. Gold prices tend to rise during periods of uncertainty, but struggle when interest rates are high, as they do not yield the same returns as other investment channels.

Besides gold, silver prices fell 1% to $36.40 an ounce, platinum fell 0.3% to $1,355.69, and palladium fell 1.5% to $1,094.44.

World gold prices are trending down due to the relatively quiet summer trading season. Many investors, especially weak buyers in the short-term futures market, are taking profits, increasing selling pressure.

Currently, gold bulls are waiting for a fresh signal from fundamentals to fuel the next rally.

"Gold prices are facing two opposing pressures. On one side, the US extending the time for trade negotiations with many partners, causing gold prices to fall. On the other side, the risk of the US imposing higher tariffs on Asian partners, which could slow economic growth and thereby support gold prices," said Giovanni Staunovo, a commodities analyst at UBS.

The global geopolitical situation is becoming more uncertain, causing many investors to seek gold as a safe haven. Former US President Donald Trump’s recent announcement of a 10% import tariff on BRICS countries raised concerns about trade tensions. The risk of countries like China retaliating with similar measures makes gold even more attractive in times of uncertainty.

Investors seem to have adapted to the changes in US tariff policies. Every time gold prices spike due to a new move by Mr. Trump, profit-taking immediately appears, pulling prices down.

According to some experts on Kitco, the gold market needs more strong momentum to break important resistance levels such as $3,350 and $3,400/ounce.

One factor that makes it difficult for gold prices to increase sharply is that the situation in the Middle East is gradually stabilizing. The ceasefire agreement between Israel and Iran is going smoothly, in line with Mr. Trump's wishes. The conflict in Syria is also not as tense as before. Compared to a few months ago, this area is much less heated.

Israeli Prime Minister Netanyahu has recently sought to reach a ceasefire in Gaza, and Israel and Hamas have resumed indirect talks after months of conflict. However, there are still potential risks, particularly the possibility that the talks will fail or Iran will resume uranium enrichment, which could cause volatility in the gold market again.

According to Consumption

Source: https://doanhnghiepvn.vn/kinh-te/gia-vang-ngay-10-7-2025-vang-the-gioi-tang-nhe/20250710082940675