Gold price today (July 22): All increased

Gold price today (July 22): Gold bars and gold rings both increased by 200 - 500 thousand VND/tael. World gold prices continued to have a good session when approaching the 3,400 USD/ounce mark.

Domestic gold price today

Gold bar prices increased today. DOJI , PNJ, and Bao Tin Minh Chau brands simultaneously listed gold bar prices at 120 - 121.5 million VND/tael (buy - sell), an increase of 500 thousand VND/tael in both directions compared to early this morning.

SJC gold bar price is trading at 120 - 121.5 million VND/tael (buy - sell), up 300 thousand VND/tael in both directions.

Phu Quy SJC listed the price of gold bars at 119.2 - 121.2 million VND/tael (buy - sell), an increase of 500 thousand VND/tael for buying and an increase of 200 thousand VND/tael for selling.

Gold price today (July 22): All increased. Photo: 24h.com.vn

In the same direction as gold bars, the price of gold rings today also improved.

Specifically, SJC listed the price of gold rings at 114.5 - 117 million VND/tael (buy - sell), an increase of 300 thousand VND/tael in both directions.

DOJI traded gold rings at 116.1 - 118.6 million VND/tael (buy - sell), up 200 thousand VND/tael in both directions.

PNJ listed gold rings at 115.1 - 118 million VND/tael (buy - sell), an increase of 400 thousand VND/tael in both directions.

Bao Tin Minh Chau gold rings increased by 200 thousand VND/tael in both directions, currently trading at 116.3 - 119.3 million VND/tael (buy - sell).

Phu Quy brand gold rings also increased by 200 thousand VND/tael in both directions, currently listed at 115 - 118 million VND/tael (buy - sell).

Domestic gold bar prices updated at 5:30 a.m. on July 22 as follows:

Yellow	Area	Early morning 21-7	Early morning 22-7	Difference
Buy	Sell	Buy	Sell	Buy	Sell
Unit of measure: Million VND/tael	Unit of measure: Thousand dong/tael
DOJI	Hanoi	119.5	121	120	121.5	+500	+500
Ho Chi Minh City	119.5	121	120	121.5	+500	+500
SJC	Ho Chi Minh City	119.7	121.2	120	121.5	+300	+300
Hanoi	119.7	121.2	120	121.5	+300	+300
Danang	119.7	121.2	120	121.5	+300	+300
PNJ	Ho Chi Minh City	119.5	121	120	121.5	+500	+500
Hanoi	119.5	121	120	121.5	+500	+500
Bao Tin Minh Chau	Nationwide	119.5	121	120	121.5	+500	+500
Phu Quy SJC	Nationwide	118.7	121	119.2	121.2	+500	+200

World gold price today

World gold prices increased sharply today, with spot gold prices increasing by 48.13 USD to 3,3399.73 USD/ounce.

With the domestic gold bar price increasing and the world gold price listed at Kitco at 3,399.73 USD/ounce (equivalent to about 108 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees), the domestic gold price is about 13.5 million VND/tael higher than the world gold price.

World gold prices increased sharply today. Photo: Reuters

Gold prices rose steadily on Monday, supported by a weaker US dollar, as investors sought clarity on trade developments ahead of a US tariff deadline on August 1.

“The support for gold comes from a weaker US dollar. As the August 1 deadline approaches, the market will focus on whether trade deals will be announced or tariffs will be imposed,” said UBS commodities analyst Giovanni Staunovo.

The US dollar index fell against other major currencies, making gold cheaper for holders of other currencies.

US Commerce Secretary Howard Lutnick said on Sunday he was confident the United States could reach a trade deal with the European Union, but that August 1 was the deadline for imposing tariffs.

The US Federal Reserve's next policy meeting is scheduled for July 29-30, following its decision to keep interest rates unchanged last month.

“Higher inflation expectations and strong economic data are reducing expectations for the number of Fed rate cuts this year. However, the ‘buy the dip’ strategy remains in place, limiting downside risks for gold,” ANZ analysts said in a report.

Last week, Fed Governor Christopher Waller said he still believes the US central bank should cut interest rates this week.

Experts predict that gold prices will continue to fluctuate based on signals from the Fed's policy meeting next month. If the Fed signals an interest rate cut or the USD continues to weaken, the world gold price could surpass the threshold of 3,400 USD/ounce, thereby creating upward pressure on the domestic market.

KHANH MINH

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Source: https://baolamdong.vn/gia-vang-hom-nay-22-7-dong-loat-tang-383150.html