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Gold price this afternoon, July 1, 2025: Domestic and world gold prices increased sharply every hour to nearly 121 million VND

Gold price this afternoon, July 1, 2025: Domestic and world gold prices increased sharply to nearly 121 million VND, due to the Russia-Ukraine war and concerns about US tax policy.

Báo Nghệ AnBáo Nghệ An01/07/2025

Domestic gold price today 7/1/2025

As of 4:30 p.m. on July 1, 2025, the domestic gold bar price increased sharply compared to yesterday. Specifically:

DOJI Group listed the price of SJC gold bars at 118.7-120.7 million VND/tael (buy - sell), an increase of 1.2 million VND/tael in both buying and selling directions compared to yesterday.

At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 118.7-120.7 million VND/tael (buy - sell), an increase of 1.2 million VND/tael in both buying and selling directions compared to yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 119.2-120.2 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 500 thousand VND/tael for buying and 700 thousand VND/tael for selling.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 118.7-120.7 million VND/tael (buy - sell), the price increased by 1.2 million VND/tael in both buying and selling directions compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 118.1-120.7 million VND/tael (buy - sell), gold price increased by 1.3 million VND/tael in buying direction - increased by 1.2 million VND/tael in selling direction compared to yesterday.

Gold price this afternoon 7/1/2025: Gold price increased to nearly 121 million

As of the afternoon of July 1, 2025, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 115.4-117.4 million VND/tael (buy - sell); the price increased by 1.1 million VND/tael in both buying and selling directions compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 115.5-118.5 million VND/tael (buy - sell); the price increased by 1.1 million VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list today, July 1, 2025 is as follows:

Gold price today
July 1, 2025
(million dong)
Difference
(thousand dong/tael)
Buy
Sell
Buy
Sell
SJC in Hanoi
118.7 120.7
+1200 +1200
DOJI Group
118.7
120.7
+1200
+1200
Red Eyelashes
119.2 120.2
+500 +700
PNJ
118.7
120.7
+1200 +1200
Bao Tin Minh Chau
118.7
120.7
+1200 +1200
Phu Quy 118.1 120.7
+1300 +1200
1. DOJI - Updated: 7/1/2025 16:30 - Source website time - ▼/▲ Compared to yesterday.
Domestic gold price Buy Sell
AVPL/SJC HN 118,700 ▲1200K 120,700 ▲1200K
AVPL/SJC HCM 118,700 ▲1200K 120,700 ▲1200K
AVPL/SJC DN 118,700 ▲1200K 120,700 ▲1200K
Raw material 9999 - HN 109,400 ▲1100K 112,400 ▲1100K
Raw material 999 - HN 109,300 ▲1100K 112,300 ▲1100K
2. PNJ - Updated: 7/1/2025 16:30 - Time of the source website - ▼/▲ Compared to yesterday.
Type Buy Sell
SJC 999.9 gold bar 11,870 12,070
PNJ 999.9 Plain Ring 11,450 11,700
Kim Bao Gold 999.9 11,450 11,700
Gold Phuc Loc Tai 999.9 11,450 11,700
999.9 gold jewelry 11,390 11,640
999 gold jewelry 11,378 11,628
9920 jewelry gold 11,307 11,557
99 gold jewelry 11,284 11,534
750 Gold (18K) 7,995 8,745
585 Gold (14K) 6,074 6,824
416 Gold (10K) 4,107 4,857
PNJ Gold - Phoenix 11,450 11,700
916 Gold (22K) 10,422 10,672
610 Gold (14.6K) 6,365 7,115
650 Gold (15.6K) 6,831 7,581
680 Gold (16.3K) 7,180 7,930
375 Gold (9K) 3,630 4,380
333 Gold (8K) 3,106 3,856
3. SJC - Updated: 7/1/2025 16:30 - Source website time - ▼/▲ Compared to yesterday.
SJC Gold 1L, 10L, 1KG 118,700 ▲1200K 120,700 ▲1200K
SJC gold 5 chi 118,700 ▲1200K 120,720 ▲1200K
SJC gold 0.5 chi, 1 chi, 2 chi 118,700 ▲1200K 120,730 ▲1200K
SJC 99.99% gold ring 1 chi, 2 chi, 5 chi 114,300 ▲800K 116,800 ▲800K
SJC 99.99% gold ring 0.5 chi, 0.3 chi 114,300 ▲800K 116,900 ▲800K
Jewelry 99.99% 114,300 ▲800K 116,200 ▲800K
Jewelry 99% 110,549 ▲792K 115,049 ▲792K
Jewelry 68% 72,273 ▲544K 79,173 ▲544K
Jewelry 41.7% 41,710 ▲333K 48,610 ▲333K

World gold price today 7/1/2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 4:30 p.m. on July 1, Vietnam time, was 3,339.36 USD/ounce. Today's gold price increased by 50.32 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,310 VND/USD), the world gold price is about 109.4 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 11.3 million VND/tael higher than the international gold price.

World gold prices increased more than 1.5% due to the weakening of the USD along with concerns about US tariff policies and the country's fiscal outlook, causing investors to flock to safe-haven assets such as gold.

Specifically, spot gold prices increased by 1.53%, while gold futures in the US also increased by 1.3% to 3,352 USD. The USD fell to its lowest level since the beginning of 2022, making gold cheaper for foreign investors.

Gold's safe-haven appeal is being bolstered by concerns about the US fiscal outlook and tariff uncertainty, said Ricardo Evangelista, senior analyst at brokerage ActivTrades. 'I expect gold to continue to rise in the short term, attracting more investors as it approaches $3,350, with the next resistance level around $3,370,' he said.

President Donald Trump has expressed frustration with US-Japan trade talks as Treasury Secretary Scott Bessent warned that the US could impose higher tariffs on some countries ahead of a July 9 deadline, despite good-faith negotiations.

The market is also awaiting the outcome of a vote on Trump’s tax and spending cuts, adding to the uncertainty. Meanwhile, President Trump continues to pressure the Federal Reserve to lower interest rates, even sending Fed Chairman Jerome Powell a list of global interest rates with a note suggesting the US should adopt a rate between 0.5% (like Japan) and 1.75% (like Denmark).

Mr Trump's repeated criticism of the Fed and Mr Powell has raised concerns about the central bank's independence and credibility.

On the data front, markets are looking ahead to key jobs reports, including ADP employment figures on Wednesday and non-farm payrolls on Thursday, for clues on the direction of Fed monetary policy.

Besides gold, silver prices also increased by 0.6% to $36.30 an ounce, while platinum decreased by 1.3% to $1,334.67. Palladium prices increased slightly by 0.7% to $1,104.86.

Gold Price Forecast

Naeem Aslam, chief investment officer at Zaye Capital Markets, said he remains bullish on gold, especially as the dollar continues to weaken. Many investors believe the greenback is in a downtrend and interest rates could fall further, which would be favorable for gold.

Any further decline in the US dollar would be a good opportunity to buy gold, Aslam stressed, but he also warned that risk appetite was returning to the market, which could limit the upside in gold prices in the absence of major geopolitical tensions.

Joseph Wu, vice president and portfolio manager at RBC Wealth Management, said the traditional relationship between gold and real interest rates is no longer as stable as it once was. Instead, gold price movements are now influenced by a variety of factors.

Mr. Wu admits that it is not always easy to pinpoint the exact factors that determine gold prices. However, he points out that over the past 25 years, there has been a relatively consistent pattern: gold prices have generally moved inversely to real interest rates. When real interest rates fall, gold tends to rise, and vice versa.

Goldman Sachs recently revised its forecast, saying the Fed could cut rates three times this year, starting in September, instead of just once in December as previously predicted, citing the impact of minimal tariffs and signs of a weakening labor market. Fed rate cuts are typically good for gold prices because they reduce the opportunity cost of holding the metal.

Peter Grant, vice president and precious metals strategist at Zaner Metals, said a weaker U.S. dollar has helped support gold recently. The greenback has fallen against the euro and Swiss franc amid concerns about the U.S.’s growing budget deficit and the country’s ability to reach trade deals with major partners.

According to Citi analysis, gold prices are expected to fluctuate between $3,100 and $3,500 an ounce in the third quarter of this year. This price level reflects the balance of supportive factors such as a weak US dollar, falling interest rates and economic risks, while also taking into account the possibility that the market may correct if investor sentiment changes.

Gold’s safe-haven appeal is being bolstered by concerns about the U.S. fiscal outlook and tariff-related uncertainty, said Ricardo Evangelista, senior analyst at brokerage ActivTrades. He expects gold to continue rising in the short term, attracting more investors as it approaches $3,350, with the next resistance level at around $3,370.

Source: https://baonghean.vn/gia-vang-chieu-nay-1-7-2025-gia-vang-trong-nuoc-va-the-gioi-tang-nong-tung-gio-len-gan-121-trieu-dong-10301385.html


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