Gold price today (July 20): SJC gold bars surpass 121...

Gold price today (July 20): SJC gold bars continue to increase, surpassing the 121 million VND/tael mark. World gold prices are also fluctuating in the high range, showing the ability to maintain stability despite political tensions and economic uncertainty.

Domestic gold price today

SJC gold bar price increased by 200 thousand VND/tael in both directions, currently trading at 119.7 - 121.2 million VND/tael (buy - sell).

Gold price today (July 20): SJC gold bars are anchored at 121.2 million VND/tael. Illustration photo: vnbusiness.vn

DOJI , PNJ, and Bao Tin Minh Chau brands simultaneously listed gold bar prices at 119.5 - 121 million VND/tael (buy - sell), unchanged from the trading session early this morning.

Phu Quy brand gold bars were bought at 118.7 million VND/tael (up 300 thousand VND/tael) and sold at 121 million VND/tael (unchanged compared to early this morning).

Gold ring price today recorded a stable trading session compared to yesterday.

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 continue to trade at 116.1 - 119.1 million VND/tael (buy - sell).

Phu Quy Group keeps the price of gold rings at 114.8 - 117.8 million VND/tael (buy - sell).

Domestic gold bar prices updated at 5:00 a.m. on July 20 as follows:

Yellow	Area	Early morning 19-7	Early morning 20-7	Difference
Buy	Sell	Buy	Sell	Buy	Sell
Unit of measure: Million VND/tael	Unit of measure: Thousand dong/tael
DOJI	Hanoi	119.5	121	119.5	121	-	-
Ho Chi Minh City	119.5	121	119.5	121	-	-
SJC	Ho Chi Minh City	119.5	121	119.7	121.2	+200	+200
Hanoi	119.5	121	119.7	121.2	+200	+200
Danang	119.5	121	119.7	121.2	+200	+200
PNJ	Ho Chi Minh City	119.5	121	119.5	121	-	-
Hanoi	119.5	121	119.5	121	-	-
Bao Tin Minh Chau	Nationwide	119.5	121	119.5	121	-	-
Phu Quy SJC	Nationwide	118.4	121	118.7	121	+300	-

World gold price today

The spot gold price on the world market closed the weekend trading session at 3,350.54 USD/ounce (equivalent to about 106.4 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees). Thus, the domestic SJC gold bar price is about 14.8 million VND/tael higher than the world gold price.

World gold prices fluctuate in high range. Illustration photo: kinhtechungkhoan.vn

Gold prices were largely unaffected by tariff news this week, as concerns about potential political interference in the US Federal Reserve kept the market in high focus.

According to Kitco News’ weekly gold survey, experts remain divided between bullish and neutral in the short term, while retail investors have returned to bullish sentiment. Of the Wall Street experts surveyed, 53% see gold prices rising, 40% see it flat, and just 7% see it falling. Of the 223 retail investors surveyed online, 62% see gold prices rising, 21% see it flat, and 17% see it falling.

"Concerns about the Fed Chairman's position, tensions in the Middle East, Far East, Europe and a clear weakening of the US dollar all support gold prices," said Rich Checkan, President of Asset Strategies International.

Similarly, James Stanley, an expert at Forex.com, stated: "Gold prices are responding positively to the trend support line. Although there is a pause around the $3,350 - $3,362 / ounce area, I do not see any signs that the sellers can dominate in the long term."

Adrian Day, president of Adrian Day Asset Management, believes that Fed Chairman Jerome Powell will stick to his stance of not cutting interest rates. He cited three reasons: Inflation remains unchecked, despite expectations being somewhat stable; economic and monetary policy uncertainty makes "no action" the most reasonable option; and personal pressure from US President Donald Trump, including criticism, is not enough to sway Powell because he wants to protect the independence of the Fed.

According to Adrian Day, all of these factors will keep gold prices at current high levels; if the US economy weakens further, a new wave of buyers will enter the gold market.

“I don’t think gold will fall much. If there are some trade deals, developments in the Middle East, or positive economic data, combined with Powell’s statement that there is no need to cut interest rates yet and the USD strengthens, there could be a slight correction. But fundamentally, gold is still extremely stable,” Adrian Day predicted.

Next week, markets will be watching the European Central Bank's (ECB) interest rate decision, along with manufacturing and housing data and a speech by the Fed Chairman.

KHANH MINH

* Please visit the Economics section to see related news and articles.

Source: https://baolamdong.vn/gia-vang-hom-nay-20-7-vang-mieng-sjc-vuot-moc-121-trieu-dong-luong-382931.html