Domestic gold ring prices today fluctuate little.
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC | 114,200,000 | 0 | 116,700,000 | 0 |
| Doji | 115,900,000 | 0 | 118,400,000 | 0 |
SJC and Doji gold ring price list updated afternoon of July 18
On the afternoon of July 18, the price of SJC 9999 gold was adjusted up by 900 thousand VND/tael for buying and 400 thousand VND/tael more expensive for selling compared to the end of yesterday's trading session, up to 119.5-121 million VND/tael (buying - selling).
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC HCMC | 119,500,000 | + 900,000 | 121,000,000 | + 400,000 |
| Doji Hanoi | 118,600,000 | 0 | 120,600,000 | 0 |
| Doji HCMC | 118,600,000 | 0 | 120,600,000 | 0 |
SJC and Doji gold bar price list updated on the afternoon of July 18
The world gold price today was adjusted upward. At 2:30 p.m. today (July 18, Vietnam time), the world spot gold price was at 3,344.9 USD/ounce, up 27.9 USD/ounce compared to last night.
On the afternoon of July 18 , the world gold price converted to USD bank price was over 107.2 million VND/tael, including tax and fees, about 13.8 million VND/tael lower than the domestic gold price.
At 8:00 p.m. (July 17, Vietnam time), the spot gold price was at $3,317/ounce, down 0.85% from the beginning of the session. The gold futures price for August 2025 delivery on the Comex New York floor traded at $3,323/ounce.
The world gold market reacted negatively in the early US session, trading near the lowest level after the release of optimistic manufacturing data from the Philadelphia Federal Reserve. The report showed that the manufacturing sector grew strongly in July, far exceeding economists' expectations.
The Philadelphia Fed's manufacturing business outlook survey rose to 15.9 in July, up from -4 in May and June. The reading was far above economists' forecasts of -1. The report showed a strong recovery in the region's manufacturing activity.
The overall activity index returned to positive territory. New orders and shipments both rose in July, marking the highest increase since February. Notably, the employment index turned positive.
On the inflation front, both price indices rose after falling last month, continuing to signal upward pressure. However, firms continue to expect growth over the next six months, reflecting an upbeat business outlook.
The unexpected and strong recovery in the manufacturing sector, especially in the context of rising employment and price indicators, is supporting tighter monetary policy from the US Federal Reserve (Fed), thereby putting downward pressure on gold, which is often seen as a safe haven asset in times of economic uncertainty or high inflation.
The Commerce Department said Thursday that retail sales rose 0.6% last month, reversing a 0.9% decline in May. That beat economists' expectations for a 0.1% gain. Over the past 12 months, retail sales have risen 4.1%, reflecting solid consumer spending.
According to analysts, the latest retail sales data will continue to reinforce the Fed's neutral monetary policy stance. Even with relatively high interest rates, US consumers remain active and have good purchasing power. This may reduce the pressure on the Fed to cut interest rates, thereby creating additional challenges for gold prices in the short term.
Domestic gold market on July 17, SJC gold bar price closed at 118.6-120.6 million VND/tael (buy - sell), unchanged compared to yesterday's closing price.
The price of 1-5 chi SJC gold rings closed the session on July 17 at 114.2-116.7 million VND/tael (buy - sell), unchanged. Meanwhile, the price of 9999 gold rings at Doji closed the session at 115.9-118.4 million VND/tael (buy - sell), an increase of 300,000 VND/tael in both buying and selling compared to yesterday's closing price.
Gold Price Forecast
Fawad Razaqzada, a market analyst at City Index, said the delay in interest rate cuts is a key factor underpinning the strength of the dollar. Trump’s fiscal promises and tariff threats are raising concerns about more persistent inflation.
While a rate cut in September could still be on the table, persistent inflation could slow the pace of further easing.
A stronger US dollar could be a significant headwind for gold, Razaqzada said. In the short term, the strength of the US dollar could put pressure on gold prices, pushing them down to more attractive levels for buyers.
Conversely, if meaningful trade deals materialize, gold demand could fall sharply. Indecision is holding back gold’s volatility.
However, geopolitical uncertainties, especially from the ongoing global trade war initiated by President Donald Trump, will continue to support gold's appeal as a safe-haven asset.
While gold's long-term bullish trend remains intact, Razaqzada advises investors to keep an eye on initial support levels at $3,320 an ounce, followed by $3,300.
On the upside, key resistance levels are located around $3,350, $3,400, and $3,430.
Source: https://vietnamnet.vn/gia-vang-hom-nay-18-7-2025-the-gioi-lao-doc-vang-mieng-sjc-do-du-2422962.html
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