Gold price today (July 12): Domestic gold bars and gold rings continue to increase in price. The world gold market recorded its fourth consecutive increase in price, as many investors chose the precious metal as a safe haven against uncertain factors of the global economy .
Domestic gold price today
Gold bar prices continue to increase today. DOJI , SJC, PNJ, Bao Tin Minh Chau brands all listed gold bar prices at 119 - 121 million VND/tael (buy - sell), an increase of 200 thousand VND/tael in both directions.
Phu Quy SJC is buying 700 thousand VND/tael lower at 118.3 million VND/tael and selling 121 million VND/tael.
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The price of gold bars and gold rings today (July 12) continues to increase. Photo: kenh14.vn |
In the same direction as gold bars, the price of gold rings also increased compared to early yesterday morning.
Specifically, SJC listed the price of gold rings at 114.5 - 117 million VND/tael (buy - sell), an increase of 300 thousand VND/tael in both directions.
DOJI buys gold rings at 115.5 million VND/tael (up 300 thousand VND/tael) and sells at 118.5 million VND/tael (up 1.3 million VND/tael).
PNJ buys gold rings at 114.9 million VND/tael (up 600 thousand VND/tael) and sells at 117.9 million VND/tael (up 700 thousand VND/tael).
Bao Tin Minh Chau gold rings increased by 400 thousand VND/tael in both directions, currently trading at 115.7 - 118.7 million VND/tael (buy - sell).
Phu Quy Group listed the price of gold rings at 114.7 - 117.7 million VND/tael (buy - sell), an increase of 500 thousand VND/tael in both directions.
Domestic gold bar prices updated at 5:30 a.m. July 12 as follows:
Yellow | Area | Early morning 11-7 | Early morning 12-7 | Difference | ||||||
Buy | Sell | Buy | Sell | Buy | Sell | |||||
Unit of measure: Million VND/tael | Unit of measure: Thousand dong/tael | |||||||||
DOJI | 118.8 | 120.8 | 119 | 121 | +200 | +200 | ||||
Ho Chi Minh City | 118.8 | 120.8 | 119 | 121 | +200 | +200 | ||||
SJC | Ho Chi Minh City | 118.8 | 120.8 | 119 | 121 | +200 | +200 | |||
Hanoi | 118.8 | 120.8 | 119 | 121 | +200 | +200 | ||||
Danang | 118.8 | 120.8 | 119 | 121 | +200 | +200 | ||||
PNJ | Ho Chi Minh City | 118.8 | 120.8 | 119 | 121 | +200 | +200 | |||
Hanoi | 118.8 | 120.8 | 119 | 121 | +200 | +200 | ||||
Bao Tin Minh Chau | Nationwide | 118.8 | 120.8 | 119 | 121 | +200 | +200 | |||
Phu Quy SJC | Nationwide | 118.1 | 120.8 | 118.3 | 121 | +200 | +200 | |||
World gold price today
The spot gold price on the world market generally increased by 1.16% in the past 24 hours, equivalent to an increase of 38.64 USD/ounce, currently trading at 3,355.95 USD/ounce.
With the domestic gold bar price increasing and the world gold price listed at Kitco at 3,355.95 USD/ounce (equivalent to about 106.4 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees), the domestic gold price is about 14.6 million VND/tael higher than the world gold price.
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| The world gold market today (July 12) recorded the fourth consecutive price increase. Illustration photo: Kitco |
World gold prices rose for the fourth consecutive session as US President Donald Trump announced new tariffs on Canada and threatened to impose more tariffs on other trading partners, increasing demand for safe-haven assets such as gold.
“We are seeing increased demand for safe haven gold. There are investors looking for safe havens despite the stock market hitting new highs. Any dip in gold prices now is seen as a buying opportunity,” said Carlo Alberto De Casa, an independent analyst at Swissquote.
On Thursday, Mr. Trump announced that the United States would impose a 35% tariff on imports from Canada and planned to impose a flat tariff of 15% to 20% on most other trading partners.
The announcement follows Wednesday's announcement of a 50% tariff on copper imports into the United States and a similar tariff on goods from Brazil, along with previous tariff notices sent to other trading partners.
“Rising trade tensions have boosted demand for safe-haven assets such as gold amid concerns about the risk of an economic slowdown. A more dovish Fed policy is also supporting investor sentiment,” ANZ analysts said in a report.
Federal Reserve Governor Christopher Waller reiterated Thursday that the Fed could cut interest rates at its policy meeting later this month. Meanwhile, San Francisco Fed President Mary Daly said two rate cuts are still on the cards this year. Lower interest rates increase the appeal of gold.
The combination of hawkish trade policy and safe-haven demand is creating an attractive environment for continued growth in precious metals. While traditional economic indicators point to a more dovish Fed, it is clear that the market is now focused on policy uncertainty and its potential economic impact.
KHANH MINH
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Source: https://baolamdong.vn/gia-vang-hom-nay-12-7-vang-trong-nuoc-va-the-gioi-tiep-da-tang-382040.html
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