Gold price today (July 23): Shocking increase

Gold price today (July 23): Domestic SJC gold bars and gold rings have increased sharply, with the highest increase of 1 million VND/tael. World gold price has surpassed the 3,400 USD/ounce mark.

Domestic gold ring price today

Gold ring price has increased sharply today, highest 1 million VND/tael, compared to yesterday morning.

Specifically, the listed price of SJC 9999 gold rings is 115 million VND/tael for buying and 117.5 million VND/tael for selling, an increase of 500,000 VND/tael in both directions compared to yesterday morning.

DOJI in Hanoi and Ho Chi Minh City markets is being bought at 116.6 VND/tael; sold at 119.1 million VND/tael, an increase of 500,000 VND/tael in both directions compared to yesterday morning.

Phu Quy SJC is buying gold rings at 115.7 million VND/tael and selling at 118.7 million VND/tael, an increase of 700,000 VND/tael in both directions compared to yesterday morning.

PNJ brand gold ring price is 116 million VND/tael for buying, up 900,000 VND/tael; selling price is 119 million VND/tael, up 1 million VND/tael compared to yesterday morning.

Bao Tin Minh Chau brand gold rings are currently being traded at 116.3 - 119.3 million VND/tael (buy - sell), the price remains unchanged in both directions compared to yesterday morning.

Domestic gold prices today (July 23) increased sharply, the highest increase was 1 million VND/tael. Photo: baodautu.vn

Domestic gold bar price today

The domestic gold bar price increased sharply by 500,000 VND/tael in the selling price compared to yesterday morning. On the morning of July 23, DOJI, SJC, and PNJ brand gold bars were bought at 120 million VND/tael, unchanged from yesterday morning, but sold at 500,000 VND/tael higher, at 122 million VND/tael.

Bao Tin Minh Chau brand gold bars keep the same buying and selling price compared to yesterday, listed at 120 - 121.5 million VND/tael.

Particularly, Phu Quy SJC brand gold bars have a significant increase in the buying and selling price. Specifically, Phu Quy SJC brand gold bars are being bought at 119.5 million VND/tael, an increase of 300,000 VND/tael; sold at 122 million VND/tael, an increase of 800,000 VND/tael compared to this morning.

Domestic gold bar prices updated on the morning of July 23 as follows:

Yellow	Area	Early morning 22-7	Early morning 23-7	Difference
Buy	Sell	Buy	Sell	Buy	Sell
Unit of measure: Million VND/tael	Unit of measure: Thousand dong/tael
DOJI	Hanoi	120	121.5	120	122	-	+500
Ho Chi Minh City	120	121.5	120	122	-	+500
SJC	Ho Chi Minh City	120	121.5	120	122	-	+500
Hanoi	120	121.5	120	122	-	+500
Danang	120	121.5	120	122	-	+500
PNJ	Ho Chi Minh City	120	121.5	120	122	-	+500
Hanoi	120	121.5	120	122	-	+500
Bao Tin Minh Chau	Nationwide	120	121.5	120	121.5	-	-
Phu Quy SJC	Nationwide	119.2	121.2	119.5	122	+300	+800

World gold price today

World gold prices increased sharply today with spot gold prices at 3,430.4 USD/ounce. World gold prices generally increased by 1.2% in the past 24 hours, equivalent to an increase of 34.7 USD/ounce.

With the domestic gold bar price increasing sharply and the world gold price listed at Kitco at 3,430.4 USD/ounce (equivalent to about 109 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees), the difference between domestic and world gold prices is about 13 million VND/tael.

Gold prices rose sharply at midday on July 22 (Washington time) and hit a five-week high. Silver prices rose slightly and hit a nearly 14-year high. The precious metal is being supported by a decline in the US dollar index this week, as well as a slight decline in US Treasury yields. The most recent August gold price increased by $32.40 to $3,439.10 an ounce. The most recent September silver price increased by $0.196 to $39.52 an ounce.

World gold price today (July 23) increased sharply, surpassing the threshold of 3,400 USD/ounce.

Greenback bulls are losing steam. The dollar index hit a three-week high last week and has rebounded significantly from its early July low. But currency markets are signaling renewed pressure for the greenback as we head into August, according to Bloomberg. The Bloomberg Dollar Spot Index’s one-month risk reversals have moved into negative territory, favoring hedging against the dollar’s weakness. Peter Kinsella, head of foreign-exchange strategy at Union Bancaire Privee Ubp SA, told Bloomberg that “we could see a weaker dollar” and that the dollar “may not have bottomed yet.”

Gold prices are at a five-week high due to uncertainty surrounding US President Donald Trump's August 1 tariff deadline, said Jigar Trivedi, senior commodities analyst at Reliance Securities. "Gold prices are expected to continue rising. The strong resistance is expected around $3,420 an ounce. On the contrary, the support is at $3,350 an ounce," Trivedi said.

The European Union is considering broader retaliatory measures against the United States, according to EU diplomats, as the chances of a trade deal with Washington appear to be fading. President Donald Trump has threatened to impose 30% tariffs on European imports if no deal is reached by the August 1 deadline. US Treasury Secretary Scott Bessent has said the Washington administration prioritizes the quality of trade deals over the speed with which they are completed.

Markets are also watching the upcoming US Federal Reserve (Fed) monetary policy meeting next week, where the Fed is expected to keep interest rates unchanged and could cut them as early as October.

THU UYEN

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Source: https://baolamdong.vn/gia-vang-hom-nay-23-7-tang-soc-383289.html