Gold price today (July 17): Domestic gold bars and gold rings have fallen sharply, by the most 600,000 VND/tael in the past 24 hours. Meanwhile, world gold has increased by 23.30 USD/ounce.
Domestic gold bar price today
The price of domestic gold bars has “evaporated” 500,000 VND/tael compared to yesterday morning. On the morning of July 17, gold brands such as DOJI , SJC, PNJ, Bao Tin Minh Chau were buying at 118.6 million VND/tael and selling at 120.6 million VND/tael, down 500,000 VND/tael compared to yesterday morning.
Particularly, Phu Quy SJC brand gold is being bought at a price 700,000 VND/tael lower than other brands, listed at 117.9 million VND/tael for buying and 120.6 million VND/tael for selling, down 500,000 VND/tael compared to yesterday morning.
Domestic gold bar prices updated on the morning of July 17 as follows:
Yellow | Area | Early morning 16-7 | Early morning 17-7 | Difference | |||
Buy | Sell | Buy | Sell | Buy | Sell | ||
Unit of measure: Million VND/tael | Unit of measure: Thousand dong/tael | ||||||
DOJI | 119.1 | 121.1 | 118.6 | 120.6 | -500 | -500 | |
Ho Chi Minh City | 119.1 | 121.1 | 118.6 | 120.6 | -500 | -500 | |
SJC | Ho Chi Minh City | 119.1 | 121.1 | 118.6 | 120.6 | -500 | -500 |
Hanoi | 119.1 | 121.1 | 118.6 | 120.6 | -500 | -500 | |
Danang | 119.1 | 121.1 | 118.6 | 120.6 | -500 | -500 | |
PNJ | Ho Chi Minh City | 119.1 | 121.1 | 118.6 | 120.6 | -500 | -500 |
Hanoi | 119.1 | 121.1 | 118.6 | 120.6 | -500 | -500 | |
Bao Tin Minh Chau | Nationwide | 119.1 | 121.1 | 118.6 | 120.6 | -500 | -500 |
Phu Quy SJC | Nationwide | 118.4 | 121.1 | 117.9 | 120.6 | -500 | -500 |
Domestic gold ring price today
Similarly, gold rings of various brands also decreased from 400,000 VND to 600,000 VND/tael compared to yesterday morning.
Specifically, the listed price of SJC 9999 gold rings is 114.2 million VND/tael for buying and 116.7 million VND/tael for selling, down 400,000 VND/tael in both directions compared to yesterday morning.
DOJI in Hanoi and Ho Chi Minh City markets is being bought at 115.6 VND/tael, stable compared to yesterday morning; sold at 118.1 million VND/tael, down 500,000 VND/tael compared to yesterday morning.
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Gold price today (July 17): Gold bars and gold rings decreased by 400,000 - 600,000 VND/tael. Photo: markettimes.vn |
Bao Tin Minh Chau brand gold ring price is 115.3 million VND/tael for buying and 118.3 million VND/tael for selling, down 500,000 VND/tael in both directions compared to yesterday morning.
Phu Quy SJC is buying gold rings at 114.6 million VND/tael and selling at 117.6 million VND/tael, down 400,000 VND/tael in both directions compared to yesterday morning.
PNJ brand gold ring price is 114.7 million VND/tael for buying, down 500,000 VND/tael; selling price is 117.6 million VND/tael, down 600,000 VND/tael compared to yesterday morning.
World gold price today
World gold prices increased, with spot gold prices at $3,345.90/ounce. World gold prices generally increased by 0.7% in the past 24 hours, equivalent to an increase of $23.30/ounce.
With the domestic gold bar price falling sharply and the world gold price listed at Kitco at 3,345.90 USD/ounce (equivalent to about 106 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees), the difference between domestic and world gold prices is about 14.6 million VND/tael.
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| World gold price today (July 17): Price increase. Photo: Adobe Stock |
Gold prices rose on Wednesday, supported by ongoing conflicts in the Middle East and uncertainty surrounding the US tariff stance.
“Geopolitical factors are still driving the market. With the Israeli airstrikes and the tougher U.S. stance on tariffs, some uncertainty remains,” said Jim Wyckoff, senior analyst at Kitco Metals. Wyckoff predicts gold prices will range between $3,250 and $3,476 an ounce in the short term.
In the Middle East, an Israeli airstrike targeted the area around the Presidential Palace in the Syrian capital Damascus, Reuters reported.
On the trade front, US President Donald Trump on Tuesday announced a 19% tariff on goods from Indonesia. Meanwhile, the European Commission is preparing to target $84.1 billion worth of US goods for potential retaliatory measures if trade talks with Washington fail, after President Trump last week threatened to impose a 30% tariff on European imports.
Gold also benefited from data showing that U.S. manufacturing remained steady in June after rising 0.3 percent in May. Data released on Tuesday showed consumer prices rose 0.3 percent in June, up from 0.1 percent in May. This could prompt the Federal Reserve to be cautious before cutting interest rates, as gold tends to thrive in times of uncertainty and a low-interest-rate environment is particularly beneficial for the precious metal.
Meanwhile, India's gold imports in June fell 40% from a year earlier to their lowest in more than two years, as high prices dampened demand, Reuters reported.
THU UYEN
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Source: https://baolamdong.vn/gia-vang-hom-nay-17-7-trong-nuoc-giam-the-gioi-bat-tang-382542.html
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