Domestic gold ring prices early this morning were adjusted by brands to increase following the trend of world gold prices.
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC | 115,000,000 | + 500,000 | 117,500,000 | + 500,000 |
| Doji | 116,600,000 | + 500,000 | 119,100,000 | + 500,000 |
SJC and Doji gold ring price list updated on the morning of July 22
Opening the trading session on July 22, the price of SJC 9999 gold remained the same for buying and increased by 500 thousand VND/tael for selling compared to the closing price of yesterday's trading session, listed at 120-122 million VND/tael (buying - selling).
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC HCMC | 120,00,000 | 0 | 122.00.000 | + 500,000 |
| Doji Hanoi | 120,00,000 | 0 | 122.00.000 | + 500,000 |
| Doji HCMC | 120,00,000 | 0 | 122.00.000 | + 500,000 |
SJC and Doji gold bar price list updated on the morning of July 22
The world gold price increased this morning, approaching the 3,400 USD/ounce mark. At 8:52 am today (July 22, Vietnam time), the world spot gold price was at 3,386.2 USD/ounce, up 3.2 USD/ounce compared to last night.
On the morning of July 22 , the world gold price converted to USD bank price was over 108.5 million VND/tael, including tax and fees, about 13.5 million VND/tael lower than the domestic gold price.
At 8:00 p.m. (July 21, Vietnam time), the spot gold price was trading at $3,383/ounce, up 1.1% from the beginning of the session and still in an upward trend, heading towards $3,400/ounce. The gold futures price for August 2025 delivery on the Comex New York floor was trading at $3,391/ounce.
According to the Wall Street Journal, US Treasury Secretary Scott Bessent is trying to convince President Donald Trump not to fire Federal Reserve (Fed) Chairman Jerome Powell.
Bessent warned that firing Powell would raise serious questions about the Fed’s independence, potentially putting pressure on the dollar and pushing up Treasury yields. Last week, news of the Fed chairman’s ouster sent shockwaves through financial markets and sent gold prices soaring. Shortly afterward, President Trump softened his tone and said he was not considering firing Powell.
Bloomberg Economics analyzes that Mr. Trump is constantly urging the Fed to cut interest rates. Central banks around the world may be forced to loosen monetary policy.
The US president’s tariff attack is likely to force most of the 23 central banks featured in the quarterly report on the global monetary outlook to ease policy further in the coming months.
President Trump will implement a series of industry-specific tariffs over the next two weeks, in addition to country-specific tariffs.
Details of the 50% tariff on copper could be announced in the coming days, ahead of its official entry into force on August 1, a government source said. At the same time, “reciprocal” tariffs on goods from more than 100 countries will also be activated.
In China, the People's Bank of China (PBoC) kept its key lending rate unchanged at its latest meeting, in line with market expectations. The one-year loan prime rate, which is the main interest rate for corporate and household loans, was kept unchanged at 3.0%.
Nymex crude oil futures were mostly steady at around $68.00 a barrel. The yield on the 10-year U.S. Treasury note is currently at 4.38%.
Domestic gold market on July 21, SJC gold bar price closed at 120-121.5 million VND/tael (buy - sell), increased 300,000 VND/tael in both buying and selling compared to the closing price of the previous weekend's trading session.
The price of 1-5 chi SJC gold rings closed at 114.5-117 million VND/tael (buy - sell), also up 300,000 VND/tael in both directions. The price of 9999 gold rings at Doji closed at 116.1-118.6 million VND/tael, up 200,000 VND/tael in both directions.
Gold Price Forecast
Analysts at CPM Group issued a buy recommendation on gold, with an initial target price of $3,425 on August 5.
The day after the recommendation, gold prices quickly surpassed $3,375 on July 11, reaching $3,381.60. Over the next six trading days, gold prices fluctuated between $3,326.10 and $3,389.30, according to CPM Group.
CPM Group forecasts that gold prices may continue to hover between $3,320 and $3,400 in the next few days. They remain optimistic and expect prices to rebound above $3,400, aiming for $3,425 or higher between now and mid-August.
According to the World Gold Council (WGC), gold prices could witness a significant growth, even reaching the threshold of $4,000/ounce by the end of this year.
However, the WGC also noted that annual growth could be in the single digits, depending on the combined impact of geopolitical risks and macroeconomic factors on the key drivers of the precious metal.
Source: https://vietnamnet.vn/gia-vang-hom-nay-22-7-2025-the-gioi-tang-lien-tiep-sjc-co-can-moc-122-trieu-2424267.html
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