SJC all decreased
The brands DOJI , SJC, PNJ, and Bao Tin Minh Chau simultaneously listed the price of gold bars at 118.5 - 120.5 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 117.8 million VND/tael for buying and 120.5 million VND/tael for selling (down 400,000 VND/tael).
Bao Tin Manh Hai Gold buys at a higher price and sells at a lower price of VND100,000/tael compared to other gold brands, listed at VND118.6 - 120.4 million/tael (buy - sell), stable compared to yesterday.
Similar to gold bars, the price of gold rings today also decreased, the deepest decrease was 600,000 VND/tael.
Illustration photo. (Photo source: Internet)
Specifically, SJC listed the price of gold rings at 113.9 - 116.4 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 114.2 - 116.9 million VND/tael, down 600,000 VND/tael for buying and down 500,000 VND/tael for selling.
Phu Quy listed the price of gold rings at 113.9 - 116.9 million VND/tael, down 400,000 VND/tael in both directions.
Bao Tin Minh Chau brand gold rings also reduced the price of gold rings by 500,000 VND/tael each way, listed at 115.2 - 118.2 million VND/tael (buy - sell).
The price of Bao Tin Manh Hai gold rings is the same for both buying and selling: 115.2 million VND/tael.
World gold price
According to Kitco, the world gold price recorded at 5am today, Vietnam time, was at 3,317.82 USD/ounce. Today's gold price decreased by 0.55% compared to yesterday. Converted according to the USD exchange rate on the free market (26,433 VND/USD), the world gold price is 105.7 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.
Gold prices fell to a one-week low as the dollar rose after US President Donald Trump announced an extension of the tariff deadline from July 9 to August 1 and said the US was close to finalising a number of trade deals, Reuters reported.
The rise in the US dollar, which rose 0.2% against a basket of major currencies, made gold, which is priced in dollars, more expensive for buyers using other currencies.
Illustration photo. (Photo source: Internet)
Trading volumes remain low and price action is largely reflecting recent economic data, but is also starting to show expectations for the possibility of trade deals being announced, said Daniel Ghali, commodity strategist at TD Securities.
Last week’s strong US jobs report reinforced the belief that the Federal Reserve will not cut interest rates as quickly as initially expected. Investors are awaiting the minutes of the Fed’s latest policy meeting and upcoming speeches from several officials for further clues on the upcoming operating roadmap.
Meanwhile, China continued to buy more gold in June, marking the eighth consecutive month of increasing its gold reserves, according to official data released by the People's Bank of China (PBOC) on July 7. Analyst Zain Vawda from MarketPulse (OANDA) said that the PBOC is actively diversifying its foreign exchange reserves, and geopolitical risks may accelerate this process.
In other precious metals, spot silver fell 1.6% to $36.32 an ounce, platinum fell 2.9% to $1,350.97 an ounce, while palladium fell 3% to $1,100.65 an ounce.
Bullion prices have remained high recently as investors seek safety amid rising geopolitical and trade tensions. The rally has been supported by inflows into bullion-backed exchange-traded funds, along with strong demand from central banks.
However, gold prices are forecast to continue to maintain a sideways trend in the short term as the precious metal enters a consolidation phase.
Jim Wyckoff, senior analyst at Kitco, said the gold market is in a "sideways and choppy" state, reflecting the lack of strong enough catalysts to push prices beyond the current trading range.
“The chart remains bullish, but buyers need fresh momentum to push prices out of the recent trading range,” Wyckoff stressed.
According to Wyckoff, although the upside potential still exists, gold investors need to closely monitor macroeconomic and geopolitical information that can create new breakthroughs, break the consolidation phase and shape a new price trend for this precious metal.
Source: https://doanhnghiepvn.vn/kinh-te/gia-vang-ngay-8-7-2025-sjc-tiep-tuc-lao-doc/20250708082743865
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