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Gold price closing on July 29, 2025: Gold price has strange developments but not worrying

Gold price closing date July 29, 2025: World gold bar and gold prices turned to increase again, while gold rings continued to plummet. Experts predict that there is nothing to worry about.

Báo Nghệ AnBáo Nghệ An29/07/2025

Domestic gold price closed on July 29, 2025

As of 4:30 p.m. on July 29, 2025, the domestic gold bar price increased slightly. Specifically:

DOJI Group listed the price of SJC gold bars at 119.7-121.2 million VND/tael (buy - sell), an increase of 100 thousand 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 119.7-121.2 million VND/tael (buy - sell), an increase of 100 thousand 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 120.2-121.2 million VND/tael for buying and selling. Compared to yesterday, the gold price decreased by 100 thousand VND/tael for buying and increased by 100 thousand VND/tael for selling.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 119.7-121.2 million VND/tael (buy - sell), the price increased by 100 thousand VND/tael in both buying and selling directions compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 119.2-121.2 million VND/tael (buy - sell), gold price increased 400 thousand VND/tael in buying direction - increased 100 thousand VND/tael in selling direction compared to yesterday.

Gold price this afternoon 7/29/2025: Gold price has strange developments, not worth worrying about

As of 4:30 p.m. on July 29, 2025, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 115.9-118.4 million VND/tael (buy - sell); the price decreased by 100,000 VND/tael in both buying and selling directions compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 116.3-119.3 million VND/tael (buy - sell); an increase of 100 thousand VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list today, July 29, 2025 is as follows:

Gold price today
July 29, 2025
(million dong)
Difference
(thousand dong/tael)
Buy
Sell
Buy
Sell
SJC in Hanoi
119.7 121.2
+100 +100
DOJI Group
119.7 121.2
+100
+100
Red Eyelashes
120.2 121.2
-100 +100
PNJ
119.7
121.2
+100 +100
Bao Tin Minh Chau
119.7
121.2
+100 +100
Phu Quy 119.2 121.2
+400 +100
1. DOJI - Updated: July 29, 2025 16:30 - Source website time - ▼/▲ Compared to yesterday.
Domestic gold price Buy Sell
AVPL/SJC HN 119,700 ▲100K 121,200 ▲100K
AVPL/SJC HCM 119,700 ▲100K 121,200 ▲100K
AVPL/SJC DN 119,700 ▲100K 121,200 ▲100K
Raw material 9999 - HN 108,400 ▼100K 109,400 ▼100K
Raw material 999 - HN 108,300 ▼100K 109,300 ▼100K
2. PNJ - Updated: July 29, 2025 16:30 - Time of the source website - ▼/▲ Compared to yesterday.
Type Buy Sell
SJC 999.9 gold bar 11,970 12,120
PNJ 999.9 Plain Ring 11,500 11,790
Kim Bao Gold 999.9 11,500 11,790
Gold Phuc Loc Tai 999.9 11,500 11,790
PNJ Gold - Phoenix 11,500 11,790
999.9 gold jewelry 11,400 11,650
999 gold jewelry 11,388 11,638
9920 jewelry gold 11,317 11,567
99 gold jewelry 11,294 11,544
916 Gold (22K) 10,431 10,681
750 Gold (18K) 8,003 8,753
680 Gold (16.3K) 7,187 7,937
650 Gold (15.6K) 6,838 7,588
610 Gold (14.6K) 6,372 7,122
585 Gold (14K) 6,080 6,830
416 Gold (10K) 4,111 4,861
375 Gold (9K) 3,634 4,384
333 Gold (8K) 3,110 3,860
3. SJC - Updated: 7/29/2025 4:30 PM - Source website time - ▼/▲ Compared to yesterday.
SJC Gold 1L, 10L, 1KG 119,700 ▲100K 121,200 ▲100K
SJC gold 5 chi 119,700 ▲100K 121,220 ▲100K
SJC gold 0.5 chi, 1 chi, 2 chi 119,700 ▲100K 121,230 ▲100K
SJC 99.99% gold ring 1 chi, 2 chi, 5 chi 114,400 ▼100K 116,900 ▼100K
SJC 99.99% gold ring 0.5 chi, 0.3 chi 114,400 ▼100K 117,000 ▼100K
Jewelry 99.99% 114,400 ▼100K 116,300 ▼100K
Jewelry 99% 110,648 ▼99K 115,148 ▼99K
Jewelry 68% 72,342 ▼68K 79,242 ▼68K
Jewelry 41.7% 41,752 ▼41K 48,652 ▼41K

World gold price today July 29, 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 29, Vietnam time, was 3,326.38 USD/ounce. Today's gold price decreased by 6.6 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,400 VND/USD), the world gold price is about 109.31 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 11.89 million VND/tael higher than the international gold price.

Gold prices recovered after initial excitement over the US-EU trade deal faded. Meanwhile, investors are turning their attention to the upcoming policy meeting of the US Federal Reserve (Fed) for clues on the future path of interest rates.

Specifically, spot gold prices fell 0.2%, recovering from hitting their lowest level since July 9 yesterday. Meanwhile, US gold futures also rose 0.5% to $3,325.40.

Currently, the gap between domestic and international gold prices has not been narrowed due to the unstable supply of gold bars. The market is waiting for the government's new gold management policy, with the hope that SJC gold prices will decrease to get closer to international prices.

Market sentiment is adjusting after recent trade deals, but there are still hurdles ahead, said Ricardo Evangelista, senior analyst at brokerage firm ActivTrades. If the US and China fail to reach an agreement and do not extend the negotiation period, risks could return, leading to global economic uncertainty that could have a major impact on investor sentiment.

The European Union (EU) and the United States announced a tariff deal on Sunday that will see most EU exports to the United States subject to a 15% tariff. The move comes nearly three months after the UK imposed a basic tariff of 10%. However, investors remain concerned about the negative impact of the deal, especially the possibility that high tariffs will remain in place, which could hurt growth and inflation.

Gold is often seen as a safe haven asset during times of political and financial uncertainty. Meanwhile, top economic officials from the United States and China met for more than five hours in Stockholm to resolve longstanding economic differences. The two sides are trying to extend a three-month ceasefire.

Attention now turns to the Fed's two-day policy meeting, which begins later in the day. Interest rates are expected to remain unchanged, but investors will be closely watching the statement to gauge when the Fed might cut rates next.

Besides gold prices, spot silver prices held steady at $38.18 an ounce, while platinum fell 0.6% to $1,382.10 and palladium edged down 0.4% to $1,241.

Gold Price Forecast

According to Peter Grant, an expert from Zaner Metals, technical analysis shows that gold prices are likely to find important support around $3,300/ounce. He emphasized that the upcoming decision of the Fed on interest rates and monetary policy will greatly affect the trend of gold.

Currently, gold prices are fluctuating between $3,332 and $3,342 per ounce, down slightly from last week's high of nearly $3,360. Technically, the market is forming a triangle pattern with a top of $3,440 and a support bottom around $3,300 per ounce.

Experts recommend that investors should be cautious and only buy when prices correct downward with a long-term vision. Gold is still considered a safe haven asset in a volatile market, and each decline opens up accumulation opportunities for those who are patient.

Daniel Pavilonis of RJO Futures said that gold is in a short-term correction phase but still maintains a long-term uptrend as fundamentals remain supportive. Similarly, Jim Wyckoff of Kitco Metals said that the market is under profit-taking pressure after a strong rally, but demand for safe havens remains high due to geopolitical risks and inflation.

HSBC analyst James Steele said gold’s rally is waning as investment demand eases, but central bank demand remains strong, supporting prices in the medium to long term. He forecasts gold prices could average $3,215 an ounce in 2025 and $3,125 an ounce in 2026, but warned of the risk of a deeper correction if sentiment deteriorates.

Other experts such as Edward Meir (Marex) and Suki Cooper (Standard Chartered) believe that the weak USD and the US-China trade tensions will continue to support gold. However, the recent US-EU trade agreement may cause gold to fluctuate slightly in the short term.

Experts Aakash Doshi (State Street) and Nicholas Colas (DataTrek) commented that 2025 could mark a new bull cycle for gold, with an increase of about 29% compared to the beginning of the year, outperforming the stock market.

Demand from central banks and global investors continues to be a key factor, even as stocks rally. The shift to alternative assets such as gold is expected to continue in the medium term.

Source: https://baonghean.vn/gia-vang-chot-ngay-29-7-2025-gia-vang-co-dien-bien-la-nhung-khong-dang-lo-10303449.html


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