Gold price today (July 19): Domestic gold bar prices increased sharply in both buying and selling directions. World gold prices also continued to increase in the context of a weakening USD and a slight decrease in US bond yields.
Domestic gold price today
After a stable session yesterday, today's gold bar price increased sharply in both directions. The brands DOJI , SJC, PNJ, Bao Tin Minh Chau simultaneously listed the gold bar price at 119.5 - 121 million VND/tael (buy - sell), an increase of 900 thousand VND/tael for buying and 400 thousand VND/tael for selling compared to the trading session this morning.
Phu Quy SJC bought 1.1 million VND/tael lower at 118.4 million VND/tael (up 500 thousand VND/tael) and sold 121 million VND/tael (up 400 thousand VND/tael) compared to yesterday morning.
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Gold bar prices today (July 19) increased sharply. Illustration photo: thoibaotaichinhvietnam.vn |
In the gold ring market today, some businesses stabilized their trading prices, while some other brands increased slightly compared to early this morning.
Specifically, SJC listed the price of gold rings at 114.2 - 116.7 million VND/tael (buy - sell), stable in both directions.
DOJI traded gold rings at 115.9 - 118.4 million VND/tael (buy - sell), unchanged from yesterday.
PNJ does not change the price of gold rings at 114.7 - 117.6 million VND/tael (buy - sell).
Bao Tin Minh Chau gold rings are traded at 116.1 - 119.1 million VND/tael (buy - sell), up 100 thousand VND/tael in both directions.
Phu Quy Group listed the price of gold rings at 114.8 - 117.8 million VND/tael (buy - sell), an increase of 300 thousand VND/tael in both directions.
Domestic gold bar prices updated at 5:00 a.m. July 19 as follows:
Yellow | Area | Early morning 18-7 | Early morning 19-7 | Difference | ||||||
Buy | Sell | Buy | Sell | Buy | Sell | |||||
Unit of measure: Million VND/tael | Unit of measure: Thousand dong/tael | |||||||||
DOJI | 118.6 | 120.6 | 119.5 | 121 | +900 | +400 | ||||
Ho Chi Minh City | 118.6 | 120.6 | 119.5 | 121 | +900 | +400 | ||||
SJC | Ho Chi Minh City | 118.6 | 120.6 | 119.5 | 121 | +900 | +400 | |||
Hanoi | 118.6 | 120.6 | 119.5 | 121 | +900 | +400 | ||||
Danang | 118.6 | 120.6 | 119.5 | 121 | +900 | +400 | ||||
PNJ | Ho Chi Minh City | 118.6 | 120.6 | 119.5 | 121 | +900 | +400 | |||
Hanoi | 118.6 | 120.6 | 119.5 | 121 | +900 | +400 | ||||
Bao Tin Minh Chau | Nationwide | 118.6 | 120.6 | 119.5 | 121 | +900 | +400 | |||
Phu Quy SJC | Nationwide | 117.9 | 120.6 | 118.4 | 121 | +500 | +400 | |||
World gold price today
World gold prices continued to increase today. Spot gold prices on the world market today increased by 0.3% in the past 24 hours, equivalent to an increase of 10.1 USD/ounce, currently trading at 3,350.54 USD/ounce.
With the domestic gold bar price increasing sharply and the world gold price listed at Kitco at 3,350.54 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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| World gold prices continue to rise today. Illustration photo: Kitco |
Gold prices rose as a weaker US dollar and ongoing economic and geopolitical uncertainties boosted demand for the safe-haven metal.
“ Across the precious metals, prices are rising thanks to the weakening of the US dollar. We do not see a negative scenario for gold in the medium term given the current developments: out-of-control US government spending, persistent trade tensions, uncertain inflation and recent criticism of the Fed,” said Marex analyst Edward Meir.
Earlier this week, US President Donald Trump said he had no plans to fire Federal Reserve Chairman Jerome Powell, but left that possibility open and continued to criticize the central bank chief for not cutting interest rates.
According to Jim Wyckoff, senior market expert at Kitco, if President Trump carries out his threat to fire Mr. Powell, the US financial market could shake up sharply, causing a wave of refuge in gold.
Naeem Aslam, chief investment officer at Zaye Capital Markets, said the current environment is extremely favorable for gold prices, especially as investors lose confidence in the stability of US monetary policy. He said that if the Fed begins to give in to political pressure, gold prices could surpass their previous peak and head towards the $3,500/ounce mark in the short term.
In the first half of this year, the world gold price witnessed an impressive increase when it jumped up to 26%. In the first 6 months of 2025 alone, the world gold price set a new record 26 times while this figure for the whole of 2024 was 40 times.
Currently, the demand for gold from all market participants is increasing. The WGC report stated: “Demand from exchanges and investment funds of all types has increased sharply. The daily gold trading value in the first half of 2025 reached 329 billion USD, the second highest in history. Central banks continue to increase gold reserves, although the purchase level is not as high as in previous quarters.”
KHANH MINH
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Source: https://baolamdong.vn/gia-vang-hom-nay-19-7-bat-tang-manh-382827.html
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