Domestic gold price closing date 7/31/2025
As of 4:30 p.m. on July 31, 2025, the domestic gold bar price decreased slightly. Specifically:
The price of SJC gold bars listed by DOJI Group is at 119.7-121.2 million VND/tael (buy - sell), a decrease of 300 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 119.9-121.4 million VND/tael (buy - sell), a decrease 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 120.6-121.4 million VND/tael for buying and selling. Compared to yesterday, the gold price decreased by 100 thousand VND/tael for both buying and selling.
SJC gold price at Bao Tin Minh Chau Company Limited was traded by the enterprise at 119.7-121.2 million VND/tael (buy - sell), the price decreased by 300 thousand VND/tael in both buying and selling directions compared to yesterday.
SJC gold price at Phu Quy is traded by businesses at 119.4-121.4 million VND/tael (buy - sell), gold price decreased 100 thousand VND/tael in both buying and selling directions compared to yesterday.
As of 4:30 p.m. on July 31, 2025, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 115.8-118.3 million VND/tael (buy - sell); the price decreased by 300,000 VND/tael in both buying and selling directions compared to yesterday.
Bao Tin Minh Chau listed the price of gold rings at 116-119 million VND/tael (buy - sell); down 300 thousand VND/tael in both buying and selling directions compared to yesterday.
The latest gold price list as of July 31, 2025 is as follows:
| Gold price closing date | July 31, 2025 (million dong) | Difference (thousand dong/tael) | ||
| Buy | Sell | Buy | Sell | |
| SJC in Hanoi | 119.9 | 121.4 | -100 | -100 |
| DOJI Group | 119.7 | 121.2 | -300 | -300 |
| Red Eyelashes | 120.4 | 121.4 | -100 | -100 |
| PNJ | 119.9 | 121.4 | -100 | -100 |
| Bao Tin Minh Chau | 119.7 | 121.2 | -300 | -300 |
| Phu Quy | 119.4 | 121.4 | -100 | -100 |
| 1. DOJI - Updated: July 31, 2025 16:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Domestic gold price | Buy | Sell |
| AVPL/SJC HN | 119,700 ▼300K | 121,200 ▼300K |
| AVPL/SJC HCM | 119,700 ▼300K | 121,200 ▼300K |
| AVPL/SJC DN | 119,700 ▼300K | 121,200 ▼300K |
| Raw material 9999 - HN | 108,300 ▼300K | 109,300 ▼300K |
| Raw material 999 - HN | 108,200 ▼300K | 109,200 ▼300K |
| 2. PNJ - Updated: July 31, 2025 16:30 - Time of the source website - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 115,100 ▼300K | 118,100 ▼300K |
| Hanoi - PNJ | 115,100 ▼300K | 118,100 ▼300K |
| Da Nang - PNJ | 115,100 ▼300K | 118,100 ▼300K |
| Western Region - PNJ | 115,100 ▼300K | 118,100 ▼300K |
| Central Highlands - PNJ | 115,100 ▼300K | 118,100 ▼300K |
| Southeast - PNJ | 115,100 ▼300K | 118,100 ▼300K |
| 3. SJC - Updated: 7/31/2025 4:30 PM - Source website time - ▲/▼ Compared to yesterday. | ||
| SJC Gold 1L, 10L, 1KG | 119,900 ▼100K | 121,400 ▼100K |
| SJC gold 5 chi | 119,900 ▼100K | 121,420 ▼100K |
| SJC gold 0.5 chi, 1 chi, 2 chi | 119,900 ▼100K | 121,430 ▼100K |
| SJC 99.99% gold ring 1 chi, 2 chi, 5 chi | 114,600 ▼100K | 117,100 ▼100K |
| SJC 99.99% gold ring 0.5 chi, 0.3 chi | 114,600 ▼100K | 117,200 ▼100K |
| Jewelry 99.99% | 114,600 ▼100K | 116,500 ▼100K |
| Jewelry 99% | 110,846 ▼99K | 115,346 ▼99K |
| Jewelry 68% | 72,478 ▼68K | 79,378 ▼68K |
| Jewelry 41.7% | 41,835 ▼41K | 48,735 ▼41K |
World gold price closing date July 31, 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 31, Vietnam time, was 3,309.96 USD/ounce. The closing price of gold decreased by 22.41 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,380 VND/USD), the world gold price is about 108.68 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 12.72 million VND/tael higher than the international gold price.
Global gold prices edged up slightly after recovering from a one-month low hit in the previous session, helped by a weaker US dollar and fresh US tariff announcements, which boosted demand for the metal.
Specifically, the spot gold price decreased by 0.67%, but increased slightly from the lowest level since June 30 at 3,269 USD/ounce. Meanwhile, the gold futures price in the US also increased by 0.4%, to 3,309 USD.
The US dollar eased from a two-month high, making gold cheaper for investors using other currencies. "Gold prices fell sharply yesterday after the FOMC announcement and the tariffs. Today, a slight weakening of the US dollar is supporting gold's recovery," said Giovanni Staunovo, commodities analyst at UBS.
Ahead of the August 1 deadline, US President Donald Trump announced new tariffs, including adjusting duties on copper and some imports from Brazil, South Korea and India, and ending duty exemptions for small shipments from abroad.
In addition, Mr. Trump also announced that the US will impose a 15% tariff on goods imported from South Korea as part of the agreement to avoid higher tariffs. He also expressed optimism about trade negotiations with China, believing that the two countries will reach a fair agreement.
The US Federal Reserve (Fed) kept interest rates unchanged yesterday as expected by the market. However, Fed Chairman Jerome Powell said it was still too early to say whether the Fed would cut interest rates at its next meeting in September.
According to a report from the World Gold Council (WGC), global gold demand, including over-the-counter (OTC) transactions, increased by 3% year-on-year to 1,248.8 tonnes in the second quarter of 2025. The main reason was a sharp 78% increase in gold investment activities.
Markets are now focused on the core US personal consumption expenditure (PCE) index, due later in the day, along with the non-farm payrolls report on Friday. These data will provide further clues on the possibility of the Fed adjusting interest rates in the near future.
Besides gold, spot silver fell 0.5% to $36.95 an ounce. In contrast, platinum rose 0.4% to $1,318.20 an ounce, and palladium rose about 1% to $1,216.27 an ounce.
Gold Price Forecast
The December gold futures bulls are still in control of the market in the short term, but their buying power is showing signs of weakening. Their next target is to push the price above the strong resistance at the July high of $3,509 an ounce. Meanwhile, the bears are trying to push the price below the important support zone at $3,300 an ounce.
Gold prices now face immediate resistance at the intraday high of $3,389.30 an ounce, followed by this week’s high of $3,402.40. On the support side, the first level to watch if prices decline is $3,350 an ounce, followed by $3,325 an ounce.
The US dollar is rising strongly, reaching a two-month high, putting pressure on gold prices. Meanwhile, Nymex crude oil prices increased slightly, trading around $69.75/barrel. The yield on the 10-year US Treasury bond remained around 4.4%, showing that the market still appreciates the US economic outlook.
Fed Chairman Jerome Powell recently said that the US central bank is not ready to cut interest rates in September. The labor market and consumer activity remain strong, and the Fed needs more data before making a policy decision. These comments reduced expectations for an early round of monetary easing, leading to a sell-off in gold.
According to the CME FedWatch tool, as of 6 a.m. on July 31 (Vietnam time), the market only predicted a 45.7% chance that the Fed would cut interest rates by 0.25 percentage points in September, while 53.3% thought that interest rates would remain at 4.25-4.5%/year. Compared to the previous evening, the expectation of a rate cut has dropped significantly, from 57.9% to 45.7%.
President Donald Trump has repeatedly criticized Fed Chairman Powell and even threatened to fire him. The Trump administration has also accused the Fed of overspending on construction projects. However, interfering with the central bank's operations could have many consequences, and even the US Treasury Secretary has affirmed the Fed's independence.
Gold prices have been under pressure recently due to a stronger US dollar and easing geopolitical tensions. In addition, the Trump administration has reached a series of trade agreements with many countries, reducing investors' demand for gold as a safe-haven asset.
Although there may be some volatility in the short term, gold prices still have a chance to recover when the Fed returns to its monetary easing trend. When interest rates fall, the USD will weaken, creating conditions for gold prices to increase. In addition, the Trump administration still wants to maintain low interest rates at around 2%, instead of the current 4.5%, which could limit the USD's long-term growth.
President Trump announced a 25% tariff on Indian goods starting August 1, in response to India’s high tariffs on US goods and arms purchases from Russia. These moves could destabilize markets, which could support gold prices in the future.
Source: https://baonghean.vn/gia-vang-chot-ngay-31-7-2025-gia-vang-trong-nuoc-va-the-gioi-cung-giam-sau-quyet-dinh-cung-ran-cua-fed-10303586.html
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