Domestic gold ring prices today are adjusted by brands to increase following the trend of world gold prices.

Buy (VND/tael) Increase/decrease Sell (VND/tael) Increase/decrease
SJC 115,000,000 + 500,000 117,500,000 + 500,000
Doji 116,000,000 + 500,000 119,000,000 + 500,000

                          SJC and Doji gold ring price list updated on the morning of July 12

On the morning of July 12, the price of SJC 9999 gold increased by 500 thousand VND/tael in both buying and selling compared to the end of yesterday's trading session, to 119.5-121.5 million VND/tael (buying - selling).

Buy (VND/tael) Increase/decrease Sell (VND/tael) Increase/decrease
SJC HCMC 119,500,000 + 500,000 121,500,000 + 500,000
Doji Hanoi 119,500,000 + 500,000 121,500,000 + 500,000
Doji HCMC 119,500,000 + 500,000 121,500,000 + 500,000

                            SJC and Doji gold bar price list updated on the morning of July 12

World gold prices rose at the end of the week. At 9:15 a.m. today (July 12, Vietnam time), the world spot gold price was at 3,354.88 USD/ounce, up 8.88 USD/ounce compared to last night.

On the morning of July 12 , the world gold price converted to USD bank price was over 107.3 million VND/tael, including tax and fees, about 14.2 million VND/tael lower than the domestic gold price.

At 7:00 p.m. (July 11, Vietnam time), the spot gold price was trading at $3,346/ounce, up 0.72% from the beginning of the session. The gold futures price for August 2025 delivery on the Comex New York floor was trading at $3,356/ounce.

The US Dollar Index (DXY), which measures the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stood at 97.83 points.

The volatility of US trade policy during the Trump administration is becoming a powerful catalyst, changing traditional market dynamics and boosting demand for safe-haven assets, especially precious metals.

The government's announcement of a 50% tariff on copper imports from August 1, along with similar measures on Brazilian goods, has created a huge wave of uncertainty in global markets.

Recent data shows the US labor market remains strong, which could reduce pressure on the Federal Reserve to cut interest rates too quickly.

gold price.jpg
World gold prices increase. Photo: Kitco

The deliberate weakening of the US dollar further strengthens gold's position as a hedge against inflation and a safe haven for future value.

Typically, such strong labor market data would dampen expectations of the Fed easing monetary policy, creating headwinds for precious metals prices.

According to experts, policy uncertainty has fundamentally changed traditional market relationships. Investors are no longer focused solely on conventional macroeconomic indicators, but have turned to the potential impacts of unforeseen policy decisions.

Risk aversion is currently the dominant sentiment in the market. Investors are looking for safe havens to protect their assets from the unpredictable fluctuations caused by trade policy decisions.

While tariff-related uncertainty is expected to persist into August, analysts at Goldman Sachs said the impact on economic growth may not be as severe as many fear. The final tariff announcements could act as a positive “risk-offset event” for markets, despite potentially higher-than-expected interest rates.

Domestically, gold prices skyrocketed at the end of the session on July 11. 9999 gold bars at SJC and Doji were listed at VND119-121 million/tael (buy - sell), an increase of VND400,000 in both compared to the previous session.

SJC announced the price of gold rings of type 1-5 at only 114.5-117 million VND/tael (buy - sell), an increase of 500,000 VND/tael. At Doji, the price of plain rings is listed at 115.5-118.5 million VND/tael (buy - sell), an increase of 500,000 VND for buying and 1.5 million VND/tael for selling.

Gold Price Forecast

Reports show that gold continues to consolidate its position as the top safe-haven asset, recording its sixth consecutive month of price increases, with a cumulative year-to-date increase of 25.86%.

This strong rally shows that investor confidence in gold is increasingly strengthened amid persistent structural risks in global financial markets.

One of the key drivers of gold demand is the strategic shift by central banks, especially from emerging markets and developing economies (EMDEs).

In the context of complex geopolitics and macroeconomic fluctuations, diversifying foreign exchange reserves into gold is considered a prudent step, helping these countries increase their autonomy and minimize the impact of US monetary and fiscal policies.

Commodity analysts at Metals Focus forecast little downside for gold in the second half of the year.

While the global economy appears to have avoided a full-blown trade war, US tariffs are expected to remain at record highs for some time, creating an uncertain economic environment that has investors turning to gold as a safe haven.

Source: https://vietnamnet.vn/gia-vang-hom-nay-12-7-2025-di-len-vang-sjc-neo-tren-120-trieu-dong-luong-2420732.html