Gold price today (July 18): Domestic price is high, world price continues...

Gold price today (July 18): Domestic gold bar price is stable at 120.6 million VND/tael for sale; world gold price increased slightly compared to yesterday morning, listed around 3,342 USD/ounce.

Domestic gold bar price today

Today, DOJI , SJC, PNJ, and Bao Tin Minh Chau brands simultaneously stabilized gold bar prices at 118.6 - 120.6 million VND/tael (buy - sell).

Phu Quy SJC bought 700,000 VND/tael lower than other gold brands, but still traded stably at 117.9 million VND/tael for buying and 120.6 million VND/tael for selling.

Domestic gold bar prices updated at 5:00 a.m. July 18 as follows:

Yellow	Area	Early morning 17-7	Early morning 18-7	Difference
Buy	Sell	Buy	Sell	Buy	Sell
Unit of measure: Million VND/tael	Unit of measure: Thousand dong/tael
DOJI	Hanoi	118.6	120.6	118.6	120.6	-	-
Ho Chi Minh City	118.6	120.6	118.6	120.6	-	-
SJC	Ho Chi Minh City	118.6	120.6	118.6	120.6	-	-
Hanoi	118.6	120.6	118.6	120.6	-	-
Danang	118.6	120.6	118.6	120.6	-	-
PNJ	Ho Chi Minh City	118.6	120.6	118.6	120.6	-	-
Hanoi	118.6	120.6	118.6	120.6	-	-
Bao Tin Minh Chau	Nationwide	118.6	120.6	118.6	120.6	-	-
Phu Quy SJC	Nationwide	117.9	120.6	117.9	120.6	-	-

Domestic gold ring price today

Domestic gold ring prices today increase - decrease depending on the brand, listed at the highest level of 119 million VND/tael for sale.

Specifically, SJC listed the price of gold rings at 114.2 - 116.7 million VND/tael (buy - sell), stable in both directions.

PNJ traded gold rings at 114.7 - 117.6 million VND/tael, stable in both directions.

Domestic gold bar prices are stable today; gold rings increase or decrease depending on the brand compared to yesterday. Illustration photo: 24h.com.vn

Meanwhile, DOJI traded gold rings at 115.9 - 118.4 million VND/tael, an increase of 300,000 VND/tael in both directions.

Bao Tin Minh Chau brand gold rings also increased in price by 700,000 VND/tael each way, listed at 116 - 119 million VND/tael (buy - sell).

Phu Quy listed the price of gold rings at 114.5 - 117.5 million VND/tael, down 100,000 VND/tael in both directions.

World gold price today

In the world gold market, the spot gold price today increased slightly compared to yesterday morning, listed around 3,342 USD/ounce (equivalent to 106.4 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees).

World gold prices generally increased slightly by 0.06% in the past 24 hours but decreased by 1.5% in the past 30 days.

Currently, the world gold price is about 14.2 million VND/tael lower than the domestic gold price.

Currently, the world gold price is about 14.2 million VND/tael lower than the domestic gold price. Photo: CNN

The world gold price yesterday (July 17) just jumped to 3,370 USD/ounce, equivalent to 107.3 million VND/tael - an increase of more than 1 million VND/tael compared to the previous session.

According to analysts, gold prices have skyrocketed due to news reports that US President Donald Trump plans to fire Federal Reserve Chairman Jerome Powell.

The gold market reacted to this news because if Mr. Jerome Powell is forced to leave office before his term ends, the FED will lose its inherent neutrality. At that time, under pressure from President Donald Trump, interest rate cuts will proceed quickly, causing the USD to lose its value. At that time, gold prices will accelerate sharply.

However, President Donald Trump denied plans to fire the FED Chairman. As a result, gold prices fell slightly again.

According to experts, buying power in the market for this precious metal is still limited when the US Dollar Index and US stock indexes both increased during the day. Part of the profit-taking pressure comes from short-term futures investors, in the context of the rather quiet summer trading. Gold contracts for August delivery are currently down 15.20 USD/ounce, trading around 3,343.90 USD/ounce.

However, gold’s growth is still intact. The reason is that the European Union (EU) has planned to retaliate by imposing tariffs on tens of billions of dollars worth of US imports if President Donald Trump continues to impose a 30% tax on European goods. The global trade war will continue to support gold’s safe-haven role.

According to the survey, gold buyers continue to benefit from global trade fluctuations. Currently, those who bought and held gold in the past 6 months are earning up to 622 USD/ounce, equivalent to 21 million VND/tael. Those who bought and held gold in the past year are earning up to 888 USD/ounce, equivalent to 29 million VND/tael.

MR. PHUONG

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Source: https://baolamdong.vn/gia-vang-hom-nay-18-7-trong-nuoc-neo-cao-the-gioi-tiep-tuc-tang-382683.html