SJC turns down
The brands DOJI , SJC, PNJ, and Bao Tin Minh Chau simultaneously listed the price of gold bars at 118.9 - 120.9 million VND/tael (buy - sell), down 400,000 VND/tael in both directions.
Phu Quy SJC's buying price is 700,000 VND/tael lower than other gold brands, listed at 118.2 million VND/tael for buying and 120.9 million VND/tael for selling (down 400,000 VND/tael).
Similar to gold bars, the price of gold rings today also decreased, listed at the highest level of 117.5 million VND/tael for sale.
Illustration photo. (Photo source: Internet)
specifically, SJC listed the price of gold rings at 114.3 - 116.8 million VND/tael (buy - sell), down 200,000 VND/tael in both directions.
DOJI traded gold rings at 115.5 - 117.5 million VND/tael, down 500,000 VND/tael in both directions.
Phu Quy traded gold rings at 114.3 - 117.3 million VND/tael (buy - sell), down 200,000 VND/tael in both directions.
PNJ keeps the price of gold rings at 114.8 - 117.4 million VND/tael.
Bao Tin Minh Chau brand gold rings continue to be listed at 114.5 - 117.5 million VND/tael (buy - sell).
World gold price
According to Kitco, the world gold price recorded at 5:00 am today, Vietnam time, was at 3,332.84 USD/ounce. Today's gold price increased by 0.18% compared to yesterday. Converted according to the USD exchange rate on the free market (26,410 VND/USD), the world gold price is 106.1 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is about 14.8 million VND/tael higher than the international gold price.
The dollar index fell 0.2 percent and was on track for a second straight investors weekly decline, making gold cheaper for holding other currencies.
“Fiscal concerns in the US, especially after Congress passed Trump's massive tax cut bill, coupled with uncertainty around the July 9 deadline on tariffs, have boosted safe-haven demand,” said Ricardo Evangelista, senior analyst at brokerage ActivTrades.
Illustration photo. (Photo source: Internet)
President Trump said the US will start sending letters to countries starting July 5 as part of a new trade strategy, instead of negotiating bilaterally as before. He had previously announced reciprocal tariffs ranging from 10% to 50%, but temporarily reduced most of them to 10% to create space for negotiations before July 9.
At the same time, Mr. Trump's tax-cut bill has officially cleared its final hurdle in Congress, making the 2017 adjustments permanent, funding a campaign to tighten immigration control and including a series of new tax incentives that Mr. Trump promised during the 2024 campaign.
Meanwhile, data released today shows that US job growth in June was higher than expected, but nearly half of the new jobs were in the public sector. Private sector job growth was the lowest in eight months, indicating that businesses are facing many economic obstacles.
“The latest US employment data shows that the economy is slowing down, but not stopped completely, so there is no pressure on the Fed to cut interest rates in the near future,” said Giovanni Staunovo, a commodities analyst at UBS.
In other precious metals markets, spot silver edged up 0.2% to $36.90 an ounce, while palladium fell 0.1% to $1,135.79 an ounce. Platinum rose 1.5% to $1,387.54 an ounce and was on track for its fifth straight weekly gain.
Source: https://doanhnghiepvn.vn/lanh-te/gia-vang-ngay-5-7-2025-vang-the-gioi-tang-nhe-sjc-quay-dau-giam/20250705092856402
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