Gold price today (July 21): Waiting for a breakout opportunity

Gold price today (July 21): Domestic SJC gold bars are waiting for an opportunity to break out from the world gold price in the first trading session of the week. Currently, the domestic gold bar and gold ring prices are maintaining at a high level, in which SJC gold bars are sold at the highest price of 121.2 million VND/tael.

Domestic gold ring price today

Gold rings of basic brands maintain high selling prices.

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, stable in both directions compared to yesterday morning.

DOJI in Hanoi and Ho Chi Minh City markets is being bought at 115.9 VND/tael; sold at 118.4 million VND/tael, stable compared to yesterday morning.

Bao Tin Minh Chau brand gold ring price is 116.1 million VND/tael for buying and 119.1 million VND/tael for selling, unchanged in both directions compared to yesterday morning.

Phu Quy SJC is buying gold rings at 114.8 million VND/tael and selling at 117.8 million VND/tael, stable in both directions compared to yesterday morning.

PNJ brand gold ring price is bought at 114.7 million VND/tael and sold at 117.6 million VND/tael, unchanged from yesterday morning.

Gold prices today (July 21) in the country continue to remain at a high level, waiting for a breakthrough opportunity. Photo: vneconomy.vn

Domestic gold bar price today

Domestic gold bar prices remained unchanged compared to yesterday morning. On the morning of July 21, SJC brand gold bars were listed at 119.7 - 121.2 million VND/tael (buy - sell), 200,000 VND/tael higher than gold from other brands such as PNJ, Bao Tin Minh Chau and DOJI.

Particularly, Phu Quy SJC brand gold is being bought at 700,000 VND lower than most other brands, listed at 118.7 million VND/tael for buying and 121 million VND/tael for selling, stable compared to yesterday morning.

Domestic gold bar prices updated on the morning of July 21 as follows:

Yellow	Area	Early morning 20-7	Early morning 21-7	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	119.7	121.2	119.7	121.2	-	-
Hanoi	119.7	121.2	119.7	121.2	-	-
Danang	119.7	121.2	119.7	121.2	-	-
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	118.7	121	118.7	121	-	-

World gold price today

World gold prices increased slightly today with spot gold prices at 3,350.54 USD/ounce. World gold prices generally increased by 0.3% in the past 24 hours, equivalent to an increase of 10.10 USD/ounce.

With the domestic gold bar price stable 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 difference between domestic and world gold prices is about 14.8 million VND/tael.

Gold prices edged up on Wednesday amid a weak dollar and persistent geopolitical and economic uncertainty, boosting demand for the safe-haven metal. U.S. gold futures rose 0.4% to $3,358.30 an ounce. “In the precious metals market, the gains were broad-based, driven by the weak dollar,” said Edward Meir, an analyst at Marex. The dollar fell 0.3%, making gold more attractive to buyers holding other currencies.

According to the website bdor.fr, the US dollar - weakened by the cautious statements of the US Federal Reserve Governor Christopher Waller - is contributing to support gold. The intervention of the Fed official, who supported easing interest rates as early as July due to the weak labor market, has dampened the enthusiasm of buyers of the US dollar.

World gold price today (July 21): Slight increase. Photo: internationalbanker.com

Adding to the uncertainty is the new trade measures announced by US President Donald Trump. President Trump has confirmed a 50% tariff on imported copper, while warning more than 150 countries of impending tariff adjustments. These decisions have raised concerns about global economic imbalances, which continue to favor gold as a safe haven, without creating a clear price increase.

Despite Waller’s dovish comments, markets appear to be wary of a rapid series of rate cuts. Recent U.S. economic data has reinforced that caution. Retail sales rose 0.6% in June, a surprise increase after two straight months of declines. Meanwhile, jobless claims fell for a fifth straight week, to a three-month low of 221,000.

The strength of the U.S. economy is weighing on the likelihood of a sharp rate-cutting cycle. Many Fed officials continue to emphasize the need to maintain a restrictive policy stance to keep inflation expectations in check. Currently, Fed officials expect the key interest rate to remain at 4.25% to 4.50% at the next meeting, reducing the likelihood of a sharp rally in gold.

According to gold experts, the $3,300/ounce level is an important technical support level. A clear break below this level would send gold prices down to $3,247/ounce, a level last seen in early July. Conversely, a break above $3,352/ounce could open the way for gold prices to rise to $3,365/ounce, or even an attempt to return to $3,400/ounce. However, such a scenario would require a clearer impetus on the currency or geopolitical front.

Investors are now awaiting upcoming macroeconomic data, including the monthly Consumer Confidence Index released by the University of Michigan Institute for Social Research. This index could influence market dynamics in the short term. However, the next Fed decision, expected at the end of the month, will provide a clear direction for gold prices. Barring any major changes, gold prices could continue to fluctuate between $3,300 and $3,365 an ounce in the coming sessions.

THU UYEN

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Source: https://baolamdong.vn/gia-vang-hom-nay-21-7-cho-co-hoi-but-pha-383022.html