On the morning of July 11, the price of gold bars at Saigon Jewelry Company - SJC remained the same as at the end of yesterday, buying at 118.8 million VND, selling at 120.8 million VND. Similarly, SJC kept the price of gold rings unchanged at 114.2 million VND, selling at 116.7 million VND.
Many other gold and silver trading companies also did not change the buying and selling price of gold rings, such as Phu Nhuan Jewelry Company (PNJ) kept the buying price of gold rings at 114.3 million VND and selling at 117.2 million VND; Doji Group bought at 115.2 million VND and sold at 117.2 million VND; Bao Tin Minh Chau bought at 115.3 million VND and sold at 118.3 million VND...
Gold prices remained stable on the morning of July 11. PHOTO: NGOC THANG
The world gold price increased by 5 USD compared to yesterday, to 3,325.2 USD/ounce. Converted according to Vietcombank exchange rate, the world gold price is equivalent to 105.3 million VND/tael (excluding tax and fees). Domestic gold bars are 15.5 million VND/tael higher than the world price.
Precious metals remained high but little changed as the US dollar continued to rise due to US tariff policies. President Donald Trump continued to introduce new tariffs on July 9, with 50% on imported copper and 50% on goods from Brazil, both of which took effect from August 1. Or most recently, the US President also announced a 35% tariff on imports from Canada, effective from August 1, the reason why Ottawa has retaliated against tariffs with Washington in an announcement posted on Truth Social. He emphasized that this 35% tariff will be applied separately, not including existing sectoral tariffs...
Some analysts say that the changing US tariff policies and tensions in many places make gold an attractive asset and attract many investors. However, speaking on CNBC, Mr. Daniel Pavilonis, senior market strategist at RJO Futures, said that unless there is a major geopolitical development, he does not expect gold prices to surpass the $3,400/ounce mark. In the short term, gold is likely to continue to fluctuate within a narrow range./.
According to Thanh Nien Newspaper
Source: https://thanhnien.vn/gia-vang-hom-nay-1172025-vang-nhan-giu-tren-118-trieu-dong-moi-luong-185250711080621569.htm
Source: https://baolongan.vn/gia-vang-hom-nay-11-7-vang-nhan-giu-tren-118-trieu-dong-moi-luong-a198529.html
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