On July 23, the price of gold bars at SJC closed at 120.7-122.7 million VND/tael (buy - sell), an increase of 700 thousand VND/tael in both buying and selling compared to the end of yesterday's trading session.
The price of SJC 1-5 chi gold rings closed at 115.5-118 million VND/tael (buy - sell), an increase of 500 thousand VND/tael in both buying and selling compared to yesterday's closing price.
The price of 9999 gold rings at Doji closed at 117-119.5 million VND/tael, an increase of 400 thousand VND/tael in both directions compared to yesterday's closing price.
Domestic gold ring prices early this morning were adjusted up by brands following the developments of world gold prices.
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC | 115,500,000 | + 500,000 | 118,000,000 | + 500,000 |
| Doji | 117,000,000 | + 400,000 | 119,500,000 | + 400,000 |
SJC and Doji gold ring price list updated on the morning of July 23
Opening the trading session on July 23, the price of SJC 9999 gold increased by 700 thousand VND/tael in both buying and selling compared to the closing price of yesterday's trading session, listed at 120.7-122.7 million VND/tael (buying - selling).
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC HCMC | 120,700,000 | + 700,000 | 122,700,000 | + 700,000 |
| Doji Hanoi | 120,700,000 | + 700,000 | 122,700,000 | + 700,000 |
| Doji HCMC | 120,700,000 | + 700,000 | 122,700,000 | + 700,000 |
SJC and Doji gold bar price list updated on the morning of July 23
World gold prices continued to rise this morning. At 8:46 a.m. today (July 23, Vietnam time), the world spot gold price was at 3,422.9 USD/ounce, up 8.9 USD/ounce compared to last night.
On the morning of July 23 , the world gold price converted to USD bank price was over 109.6 million VND/tael, including tax and fees, about 13.1 million VND/tael lower than the domestic gold price.
As of 8:00 p.m. on July 22 (Vietnam time), the spot gold price today on the international market was at $3,414/ounce. Gold for August 2025 delivery on the Comex New York floor was at $3,421/ounce.
The world gold price on the night of July 22 was about 29.6% higher (equivalent to 776 USD/ounce) than at the end of 2024. World gold converted to the bank USD price was 109.3 million VND/tael, including taxes and fees, about 12.7 million VND/tael lower than the domestic gold price as of the end of the afternoon session on July 22.
The international gold price on the evening of July 22 (Vietnam time) suddenly increased by about 30 USD compared to the previous price on the Asian market, from 3,385 USD/ounce to nearly 3,415 USD/ounce at 20:15.
Gold rose sharply amid a weakening US dollar. The DXY index fell to 97.8 points amid the US Federal Reserve Chairman Jerome Powell's first speech after a week filled with rumors of his resignation due to pressure from the Donald Trump administration.
At the Overall Review Conference on Capital Framework for Large Banks, organized by the Fed Board in Washington at 7:30 p.m. on July 22 (Vietnam time), Mr. Powell gave opening remarks highlighting the importance of the conference. Accordingly, the conference will evaluate policies in a synchronous manner, instead of considering each factor individually.
Large banks need to be well capitalized and well managed against key risks; at the same time, they must be free to compete with each other, with non-bank financial companies and with banks in other jurisdictions to provide capital and support economic growth, Mr. Powell said.
Mr. Powell said the US Federal Reserve is a dynamic organization and is always open to new ideas and feedback on how to improve the capital framework for large banks.
Although it was only the opening speech of the Fed Chairman, on forums, many investors bet on the possibility of loosening monetary policy, along with the upward trend of gold.
Domestically, gold prices continued to increase sharply. Specifically, by the end of the trading session on July 22, the price of 9999 gold bars at SJC and Doji was listed at 120-122 million VND/tael (buy - sell), an increase of 500,000 VND in both buying and selling compared to the previous session.
SJC announced the price of gold rings of type 1-5 at only 115-117.5 million VND/tael (buy - sell), an increase of 500,000 VND/tael; Doji listed the price of plain rings from 116.6-119.1 million VND/tael (buy - sell), an increase of 500,000 VND in both buying and selling.
Gold Price Forecast
Despite the surge in demand for gold following Fed Chairman Jerome Powell’s remarks, profit-taking pressure on the commodity has been strong recently. Gold has broken out of the $3,300-$3,350/ounce range, which is a positive sign.
Previously, Forex expert James Stanley said that spot gold prices could surpass the threshold of 3,400 USD/ounce and if successful, this would be a signal confirming the uptrend.
Many experts believe that to firmly surpass the threshold of 3,400 USD/ounce, the market needs a strong enough driving force. That could be the Fed's decision to lower interest rates, at the earliest at the policy meeting in September.
However, the pressure from the Donald Trump administration on Mr. Powell is putting great pressure on the USD and US Treasury bond yields. Any dovish signal from Mr. Powell in the meeting taking place on the night of July 22 and the early morning of July 23 (Vietnam time) is also a supporting factor for gold.
Pressure from the White House on the Fed is also feared to cause shockwaves in the world's financial and currency markets. Gold will benefit.
In addition, the August 1 deadline set by the Trump administration to impose reciprocal tariffs on many countries also contributed to supporting precious metals.
Source: https://vietnamnet.vn/gia-vang-hom-nay-23-7-2025-the-gioi-tang-vot-sjc-leo-thang-roi-co-lao-doc-2424713.html
Comment (0)