Domestic gold ring prices fluctuated little this morning.

Buy (VND/tael) Increase/decrease Sell (VND/tael) Increase/decrease
SJC 115,000,000 0 117,500,000 0
Doji 116,500,000 0 119,000,000 0

                    SJC and Doji gold ring price list updated on the morning of July 25

Opening the trading session on July 25, the price of SJC 9999 gold remained the same as the closing price of yesterday's trading session, listed at 119.7-121.7 million VND/tael (buy - sell).

Buy (VND/tael) Increase/decrease Sell (VND/tael) Increase/decrease
SJC HCMC 119,700,000 0 121,700,000 0
Doji Hanoi 119,700,000 0 121,700,000 0
Doji HCMC 119,700,000 0 121,700,000 0

                            SJC and Doji gold bar price list updated on the morning of July 25

World gold prices increased slightly this morning. At 9:06 am today (July 25, Vietnam time), the world spot gold price was at 3,368.3 USD/ounce, up 11.3 USD/ounce compared to last night.

On the morning of July 25 , the world gold price converted to USD bank price was over 107.8 million VND/tael, including tax and fees, about 13.9 million VND/tael lower than the domestic gold price.

At 8:00 p.m. (July 24, Vietnam time), the spot gold price was trading at $3,357/ounce, down 0.83% from the beginning of the session. The gold futures price for August 2025 delivery on the Comex New York floor was trading at $3,361/ounce.

The U.S. Labor Department said initial state unemployment claims rose to a seasonally adjusted 217,000 for the week ending July 19, better than market expectations of 228,000. The previous week’s figure was unchanged at 221,000.

However, continuing jobless claims (which represent the total number of people receiving benefits) reached 1.955 million in the week ended July 12, higher than the expected 1.952 million.

Regarding the issue of tariffs, US President Trump reaffirmed his tough stance by saying that he would not reduce tariffs below 15% before the trade agreement deadline of August 1. Mr. Trump announced: “We will apply tariffs from 15% to 50%.”

Gold - Chi Hieu (12).jpg
Domestic gold price adjusted down. Photo: Chi Hieu

Market attention is focused on developments in Washington DC, where President Trump will personally visit the Fed headquarters. CNBC reported that this is the first time in at least 20 years that a sitting president has visited the Fed - a move that could send a number of messages about the administration's stance on the central bank.

The European Central Bank (ECB) will hold its monetary policy meeting. It is likely that the ECB will keep interest rates unchanged for the first time in more than a year, with the deposit rate remaining at 2%.

The decision is believed to give the ECB more time to assess the impact of US trade tariffs on the regional economy. However, many analysts still predict the ECB will cut interest rates by 0.25% in September.

Nymex crude oil futures edged up slightly, trading around $65.75 a barrel. The yield on the 10-year U.S. Treasury note is currently at 4.392%.

Domestic gold market on July 24, SJC gold bar price listed at 119.7-121.7 million VND/tael (buy - sell), down 1 million VND/tael in both buying and selling compared to the previous trading session.

The price of 1-5 chi SJC gold rings closed at 115-117.5 million VND/tael (buy - sell), 9999 gold rings at Doji closed at 116.5-119 million VND/tael, down 500,000 VND/tael in both directions compared to the previous day's closing price.

Gold Price Forecast

Ipek Ozkardeskaya, senior analyst at Swissquote Bank, said that the Fed’s independence is its “superpower.” Any threat to the Fed’s independence could have serious consequences for the dollar and the U.S. bond market.

Ozkardeskaya stressed that the Fed's ability to support financial markets by buying government debt is a privilege based on global trust. Losing this element would mean the Fed would lose its most effective intervention tool.

She recommends investors stick to safe-haven assets amid the current uncertainty, noting that this fall could see more aggressive action from the Fed.

According to Thu Lan Nguyen, Head of FX and Commodities Research at Commerzbank, gold prices received support from dovish comments from the US Federal Reserve (Fed).

Fed Governor Christopher Waller reiterated his view that the Fed should cut its key interest rate as early as July. Waller supports a 125-150 basis point cut to bring the key rate down to a “neutral” level of around 3%. The latest inflation data was again moderate, despite the US tariffs.

“Gold prices are expected to soon hit April’s all-time high of $3,500 an ounce,” Nguyen said.

Source: https://vietnamnet.vn/gia-vang-hom-nay-25-7-2025-mat-da-tang-sjc-giam-manh-2425502.html