Gold price this afternoon (July 10): Gold bars, gold rings...

According to records this afternoon (July 10), the price of SJC gold bars and gold rings increased again, bringing positive signals to investors.

Specifically, the price of SJC gold bars at major brands such as SJC, DOJI , PNJ, Bao Tin Minh Chau simultaneously increased by 200,000 VND/tael in both buying and selling directions. Currently, the common transaction price is 118.8 - 120.8 million VND/tael (buy - sell), marking a recovery session after yesterday's price decrease.

At Phu Quy, the price of SJC gold bars also recorded a similar increase, with the buying price reaching 118.1 million VND/tael and the selling price at 120.8 million VND/tael. This price has now narrowed the gap with other major brands, with a difference of only 700,000 VND/tael in the buying direction.

Gold price this afternoon (July 10): Gold bars and gold rings increased simultaneously. Illustration photo: vneconomy.vn

In the same direction as gold bars, the price of gold rings of various brands also turned to increase.

SJC listed the price of gold rings at 114.2 - 116.7 million VND/tael (buy - sell), an increase of 200,000 VND/tael in both directions.

DOJI traded gold rings at 115.2 - 117.2 million VND/tael, up 200,000 VND/tael in both directions.

PNJ traded gold rings at 114.3 - 117.2 million VND/tael, up 200,000 VND/tael in both directions.

Phu Quy listed the price of gold rings at 114.2 - 117.2 million VND/tael, an increase of 200,000 VND/tael in both directions.

Bao Tin Minh Chau listed the price of gold rings at 115.3 - 118.3 million VND/tael (buy - sell), an increase of 300,000 VND/tael in both directions.

Domestic gold prices increased again following the upward trend of world gold prices. At the same time, businesses also narrowed the buying and selling price range to 2 million VND/tael. The domestic gold market has fluctuated quite quietly in recent days, mainly changing in price following the increase and decrease of world gold prices.

In the international market, as of 1:00 p.m. this afternoon, Vietnam time, the price of gold increased by about 9 USD/ounce in the past 24 hours, trading around 3,322 USD/ounce (equivalent to about 105 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees). Thus, the domestic gold bar price is about 15.8 million VND/tael higher than the world gold price).

The rise in domestic gold prices was supported by news of a huge US spending package, pushing total public debt to a record level. Experts from the World Gold Council (WGC) said that the debt situation will be a factor that prolongs inflationary pressure and increases the role of gold as a defensive asset.

In addition, the psychology of waiting for the minutes of the Fed's monetary policy meeting has kept the market in a wait-and-see mode. In the context of the USD not showing a clear trend, gold continues to maintain a stable position above the 3,300 USD/ounce mark.

PEACE OF MIND

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Source: https://baolamdong.vn/gia-vang-chieu-nay-10-7-vang-mieng-vang-nhan-dong-loat-tang-381825.html