On August 1st, SJC gold price closed at 119.9-121.4 million VND/tael (buy-sell), unchanged from yesterday's closing price.
The price of SJC 1-5 chi gold rings closed at 114.6-117.1 million VND/tael (buy - sell), unchanged from yesterday's closing price.
The price of 9999 gold rings at Doji closed at 115.6-118.5 million VND/tael, an increase of 200 thousand VND/tael in both directions compared to yesterday's closing price.
Domestic gold ring prices early this morning were adjusted up by some brands.
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC | 114,600,000 | 0 | 117,100,000 | 0 |
| Doji | 116,000,000 | + 200,000 | 118,500,000 | + 200,000 |
SJC and Doji gold ring price list updated on the morning of August 1
Opening the trading session on August 1, the price of SJC 9999 gold remained unchanged compared to the closing session yesterday, at 119.9-121.4 million VND/tael (buy - sell).
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC HCMC | 119,900,000 | 0 | 121,400,000 | 0 |
| Doji Hanoi | 119,900,000 | 0 | 121,400,000 | 0 |
| Doji HCMC | 119,900,000 | 0 | 121,400,000 | 0 |
SJC and Doji gold bar price list updated on the morning of August 1
The world gold price dropped quite sharply this morning. At 9:09 am today (August 1, Vietnam time), the world spot gold price was at 3,287.9 USD/ounce, down 15.1 USD/ounce compared to last night.
On the morning of August 1 , the world gold price converted to USD bank price was over 105.5 million VND/tael, including tax and fees, about 15.9 million VND/tael lower than the domestic gold price.
At 8:00 p.m. (July 31, Vietnam time), the spot gold price was at $3,303/ounce, up 0.88% from the beginning of the session. The gold futures price for September 2025 delivery on the Comex New York floor traded at $3,318/ounce.
The core personal consumption expenditures (PCE) price index, which excludes volatile food and energy prices, rose 0.3% in June, following a 0.2% increase in May, according to the US Commerce Department.
Meanwhile, annual inflation rose more than expected to 2.8% over the past 12 months. Economists had expected a 2.7% increase. Headline inflation rose 0.3% last month. Over the past year, consumer prices have been steady at 2.6%.
The report showed that consumers continued to cut back on spending. Personal income rose 0.3% last month, compared with a 0.4% decline in May. Income beat expectations, as economists had forecast a 0.2% increase.
Meanwhile, personal spending rose 0.3%, after falling 0.1% in May. However, the increase was still lower than expected, as the general forecast was for a rise of only 0.4%.
Gold markets showed little reaction to the latest inflation data. Prices rebounded sharply after a sell-off on Wednesday (July 30) after comments from Federal Reserve Chairman Jerome Powell cast some doubt on market expectations for a September interest rate cut.
Inflation data does not provide much guidance for U.S. monetary policy, some economists say. While inflation remains above the Fed's 2% target, it is not far above expectations.
Asian central banks have stepped up efforts to intervene in the currency market to stabilize their currencies. The Hong Kong Monetary Authority (China) intervened to buy 3.925 billion Hong Kong dollars (HKD) to defend the peg. Indonesia's central bank also intervened in the foreign exchange market. The People's Bank of China set a stronger-than-expected peg to support the yuan.
Nymex crude oil futures are weaker and trading around $69.50 a barrel. The yield on the 10-year US Treasury note is currently at 4.35%.
In the domestic gold market on July 31, SJC gold price was traded at 119.9 million VND/tael (buy) and 121.4 million VND/tael (sell), down 100,000 VND/tael in both buying and selling compared to the end of yesterday's trading session.
The price of 1-5 chi SJC gold rings closed at 114.6-117.1 million VND/tael (buy - sell), down 100,000 VND/tael in both directions; 9999 gold rings at Doji closed at 115.8-118.3 million VND/tael, down 300,000 VND/tael in both directions compared to the closing price yesterday.
Gold Price Forecast
According to experts, in the context of geopolitical tensions, conflicts or economic crises, gold is considered the top safe-haven asset. This demand for shelter can overwhelm the impact of interest rates.
When interest rates are low, the risk of inflation can increase. Gold is considered a hedge against inflation, helping to preserve the value of assets when the purchasing power of a currency decreases. Therefore, in an environment of high inflation or rising inflation expectations, demand for gold often increases, pushing the price of gold higher.
Tim Waterer, chief market analyst at financial services firm KCM Trade, said gold prices below $3,300 an ounce have created a lot of attraction, encouraging traders to buy. This is especially true in the current economic context with many uncertainties, along with threats of additional tariffs from the administration of US President Donald Trump.
Waterer said that a key support level is forming around $3,250 an ounce, which could prevent further declines in gold prices. However, he warned that if this level is broken, gold prices could fall to $3,200 an ounce.
Source: https://vietnamnet.vn/gia-vang-hom-nay-1-8-2025-bat-tang-sau-dot-ban-thao-vang-sjc-co-thang-hoa-2427528.html
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