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Gold price forecast for tomorrow, July 10, 2025, after the free fall, should investors "dream of gold"?

Gold prices on July 10, 2025 may continue to fluctuate after slipping below $3,300. The strong USD and US tariffs make gold less attractive. Investors need to be cautious!

Báo Đà NẵngBáo Đà Nẵng09/07/2025

Gold price forecast tomorrow 7/10/2025 after free fall, should investors dream of gold?
Gold price forecast for tomorrow, July 10, 2025, after the free fall, should investors "dream of gold"?

Update the latest gold price details today 7/9/2025

Update domestic gold price today

Gold price today
BuySell
SJC in Hanoi 118.6 ▼400K 120.6 ▼400K
DOJI Group 118.6 ▼400K 120.6 ▼400K
Red Eyelashes 119.4 ▲400 120.4 ▼200K
PNJ 114.1 ▼600K 117.0 ▼300K
Vietinbank Gold 120.6 ▼400K
Bao Tin Minh Chau 118.6 ▼400K 120.6 ▼400K
Phu Quy 117.9 ▼400K 120.6 ▼400K

At the time of the survey on the morning of July 9, 2025, the domestic gold market recorded a sharp downward trend in most major brands, creating a notable adjustment in the context of fluctuating gold prices. Specifically:

In Hanoi , SJC gold price is listed at 118.6 million VND/tael (buy) and 120.6 million VND/tael (sell), down 400 thousand VND/tael in both directions compared to yesterday.

DOJI Group also recorded a similar decrease, with the price of SJC gold bars here maintained at 118.6 million VND/tael (buy) and 120.6 million VND/tael (sell).

At Mi Hong , gold prices fluctuated in opposite directions, with the buying price increasing slightly by 400,000 VND/tael, reaching 119.4 million VND/tael, while the selling price decreased by 200,000 VND/tael, down to 120.4 million VND/tael.

PNJ in Ho Chi Minh City recorded a sharp decrease, with the buying price decreasing by VND600,000/tael, down to VND114.1 million/tael, and the selling price decreasing by VND300,000/tael, reaching VND117 million/tael.

Vietinbank Gold only listed the selling price at 120.6 million VND/tael, down 400 thousand VND/tael.

At Bao Tin Minh Chau , SJC gold price decreased by 400 thousand VND/tael in both directions, with buying and selling prices at 118.6 million VND/tael and 120.6 million VND/tael, respectively.

Finally, at Phu Quy , SJC gold price also decreased by 400 thousand VND/tael in both buying and selling directions, currently listed at 117.9 million VND/tael (buy) and 120.6 million VND/tael (sell).

Gold price list this afternoon July 9, 2025 in the country in detail:

1. DOJI - Updated: 7/9/2025 18:00 - Source website time - ▼/▲ Compared to yesterday.
Type Buy Sell
AVPL/SJC HN 118,600
▼400K
120,600
▼400K
AVPL/SJC HCM 118,600
▼400K
120,600
▼400K
AVPL/SJC DN 118,600
▼400K
120,600
▼400K
Raw material 9999 - HN 107,900
▼500K
112,000
▼500K
Raw material 999 - HN 107,800
▼500K
111,900
▼500K
2. PNJ - Updated: 07/09/2025 18:00 - Time of the source website - ▼/▲ Compared to yesterday.
Type Buy Sell
HCMC - PNJ 114,100 ▼600K 117,000 ▼300K
HCMC - SJC 118,600 ▼400K 120,600 ▼400K
Hanoi - PNJ 114,100 ▼600K 117,000 ▼300K
Hanoi - SJC 118,600 ▼400K 120,600 ▼400K
Da Nang - PNJ 114,100 ▼600K 117,000 ▼300K
Da Nang - SJC 118,600 ▼400K 120,600 ▼400K
Western Region - PNJ 114,100 ▼600K 117,000 ▼300K
Western Region - SJC 118,600 ▼400K 120,600 ▼400K
Jewelry gold price - PNJ 114,100 ▼600K 117,000 ▼300K
Jewelry gold price - SJC 118,600 ▼400K 120,600 ▼400K
Jewelry gold price - Southeast PNJ 114,100 ▼600K
Jewelry gold price - SJC 118,600 ▼400K 120,600 ▼400K
Jewelry gold price - Jewelry gold price PNJ 999.9 Plain Ring 114,100 ▼600K
Jewelry gold price - Kim Bao Gold 999.9 114,100 ▼600K 117,000 ▼300K
Jewelry gold price - Phuc Loc Tai Gold 999.9 114,100 ▼600K 117,000 ▼300K
Jewelry gold price - Jewelry gold 999.9 113,500 ▼500K 116,000 ▼500K
Jewelry gold price - Jewelry gold 999 113,380 ▼500K 115,880 ▼500K
Jewelry gold price - Jewelry gold 9920 112,670 ▼500K 115,170 ▼500K
Jewelry gold price - Jewelry gold 99 112,440 ▼500K 114,940 ▼500K
Jewelry gold price - 750 gold (18K) 79,650 ▼380K 87,150 ▼380K
Jewelry gold price - 585 gold (14K) 60,510 ▼290K 68,010 ▼290K
Jewelry gold price - 416 gold (10K) 40,910 ▼200K 48,410 ▼200K
Jewelry gold price - 916 gold (22K) 103,860 ▼450K 106,360 ▼450K
Jewelry gold price - 610 gold (14.6K) 63,410 ▼310K 70,910 ▼310K
Jewelry gold price - 650 gold (15.6K) 68,050 ▼330K 75,550 ▼330K
Jewelry gold price - 680 gold (16.3K) 71,530 ▼340K 79,030 ▼340K
Jewelry gold price - 375 gold (9K) 36,150 ▼190K 43,650 ▼190K
Jewelry gold price - 333 gold (8K) 30,930 ▼170K 38,430 ▼170K
3. SJC - Updated: 7/9/2025 18:00 - Source website time - ▼/▲ Compared to yesterday.
SJC Gold 1L, 10L, 1KG 118,600
▼400K
120,600
▼400K
SJC gold 5 chi 118,600
▼400K
120,620
▼400K
SJC gold 0.5 chi, 1 chi, 2 chi 118,600
▼400K
120,630
▼400K
SJC 99.99% gold ring 1 chi, 2 chi, 5 chi 114,000
▼400K
116,500
▼400K
SJC 99.99% gold ring 0.5 chi, 0.3 chi 114,000
▼400K
116,600
▼400K
Jewelry 99.99% 114,000
▼400K
115,900
▼400K
Jewelry 99% 110,252
▼396K
114,752
▼396K
Jewelry 68% 72,069
▼272K
78,969
▼272K
Jewelry 41.7% 41,585
▼166K
48,485
▼166K

Update world gold price today

World gold price, at 5:20 p.m. on July 9, 2025 (Vietnam time), the world spot gold price was at 3,288.27 USD/ounce. Today's gold price decreased by 12.01 USD compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,320 VND/USD), the world gold price is about 104.34 million VND/tael (excluding taxes and fees). Compared to the domestic SJC gold bar price on the same day (118.6-120.6 million VND/tael), the current SJC gold price is about 16.26 million higher than the international gold price.

Gold prices today, July 9, 2025, on the world market continued to fall, hitting the lowest level in more than a week. Spot gold prices fell 0.4% to $3,285.92 per ounce, the lowest level since June 30. Meanwhile, gold futures in the US also fell 0.7% to $3,293.80. The main reason for the fall in gold prices is that investors are switching to the US dollar, seeing it as a safer place to invest amid concerns about a global trade war.

The US dollar has become more attractive due to recent statements by US President Donald Trump about new tariffs. Trump announced a 50% tariff on imported copper and proposed duties on semiconductors and pharmaceuticals. He also threatened a 10% tariff on the BRICS countries and announced a tariff increase on 14 countries, including Japan and South Korea, starting August 1. These moves have increased the value of the US dollar, making gold, a non-yielding asset, less attractive.

Another factor weighing on gold prices is the high yield on the 10-year U.S. Treasury note, near a three-week high. When bond yields rise, assets like gold, which do not provide a fixed income, tend to lose their appeal. The steady dollar and rising bond yields have reduced interest in gold and similar assets like the Japanese yen, according to market analyst Fawad Razaqzada.

In the short term, gold prices may continue to fluctuate slightly, neither rising nor falling sharply. If gold prices fall further, the important support level is around $3,250. On the contrary, if prices rise, the resistance level around $3,300 will be difficult to overcome. Investors are now waiting for the minutes of the latest meeting of the US Federal Reserve (Fed), scheduled to be released later in the day, for clues on the possibility of future interest rate cuts. The Fed's interest rate decisions can have a big impact on gold prices, as low interest rates tend to increase the attractiveness of gold.

In addition to gold, other precious metals also fell. Spot silver fell 0.8% to $36.48 an ounce. Platinum fell 1% to $1,345.43, and palladium fell a sharp 2.5% to $1,082.76. These moves reflect investor caution amid current economic and trade policy uncertainties.

Gold price forecast July 10, 2025

The gold price on July 10, 2025 is forecast to continue to be under downward pressure, after the world gold price fell below the $3,300 per ounce mark. The main reason is the market's optimism about the possibility of the US reaching new trade agreements. When trade negotiations show positive signs, many people no longer see gold as a safe investment option, causing demand for gold to decrease. This makes the gold price on July 10, 2025 likely to continue to decline.

Another reason why gold prices are unlikely to rise on July 10, 2025 is because the US dollar is strengthening. When the dollar is strong, gold becomes more expensive for people using other currencies, reducing the appeal of gold in the international market. In addition, the yield on US Treasury bonds is also high, making investors prefer bonds to gold, because gold does not provide fixed income like bonds.

The world’s largest gold-backed exchange-traded fund, SPDR Gold Trust, recently sold 1.2 tonnes of gold, bringing its holdings down to 946.5 tonnes. This shows that even large investors are cautious and do not want to hold too much gold at this time. This action increases the possibility that the price of gold on July 10, 2025, will continue to fall or at least not rise sharply.

The market is currently paying close attention to information from the US Federal Reserve (Fed), especially the minutes of their latest meeting. Many expect the Fed to cut interest rates twice this year, which usually helps gold prices because gold becomes more attractive when interest rates are low. However, if the US imposes new tariffs, the risk of rising inflation could cause the Fed to delay the rate cut. This would put further pressure on gold prices on July 10, 2025, because gold has difficulty competing with other assets when interest rates remain high.

Some factors that have helped gold prices rise in the past, such as tensions in the Middle East and tax policies, are now showing signs of easing. Therefore, experts believe that gold prices are unlikely to reach $3,400 or $3,500 this July. Instead, gold prices on July 10, 2025, may fluctuate slightly or continue to decline.

In the domestic market, SJC gold prices often follow the trend of world gold prices. Therefore, on the morning of July 10, 2025, SJC gold prices are likely to decrease slightly, reflecting fluctuations in the international market. People who want to buy or sell gold should closely monitor the information to make appropriate decisions.

Source: https://baodanang.vn/du-bao-gia-vang-ngay-mai-10-7-2025-sau-dot-roi-tu-do-nha-dau-tu-co-nen-om-mong-vang-son-3265325.html


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