Gold price today (July 25): Plunging

Gold price today (July 25): Gold bars and gold rings both plummeted, with the highest decrease being 1 million VND/tael. The trend of domestic gold is directly reflected in the world market, where spot gold prices also turned to decrease.

Domestic gold price today

Gold bar prices fell sharply today. DOJI , SJC, and Bao Tin Minh Chau brands simultaneously listed gold bar prices at 119.7 - 121.7 million VND/tael (buy - sell), down 1 million VND/tael in both directions compared to early yesterday morning.

PNJ gold bar price is listed at 120 - 122 million VND/tael (buy - sell), down 700 thousand VND/tael in both directions.

Phu Quy SJC traded gold bars at 119.2 - 121.7 million VND/tael (buy - sell), down 1 million VND/tael in both directions.

Domestic gold prices plummeted today. Photo: tinnhanhchungkhoan.vn

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

Specifically, SJC listed the price of gold rings at 115 - 117.5 million VND/tael (buy - sell), down 500 thousand VND/tael in both directions.

DOJI traded gold rings at 116.5 - 119 million VND/tael (buy - sell), down 500 thousand VND/tael in both directions.

Bao Tin Minh Chau gold rings decreased by 500 thousand VND/tael in both directions, currently trading at 116.7 - 119.7 million VND/tael (buy - sell).

Phu Quy brand gold rings also decreased by 500 thousand VND/tael in both directions, currently listed at 115.7 - 118.7 million VND/tael (buy - sell).

PNJ's gold ring price remained stable compared to yesterday morning, currently trading at 116 - 119 million VND/tael (buy - sell).

Domestic gold bar prices updated at 5:30 a.m. on July 25 as follows:

Yellow	Area	Early morning 24-7	Early morning 25-7	Difference
Buy	Sell	Buy	Sell	Buy	Sell
Unit of measure: Million VND/tael	Unit of measure: Thousand dong/tael
DOJI	Hanoi	120.7	122.7	119.7	121.7	-1000	-1000
Ho Chi Minh City	120.7	122.7	119.7	121.7	-1000	-1000
SJC	Ho Chi Minh City	120.7	122.7	119.7	121.7	-1000	-1000
Hanoi	120.7	122.7	119.7	121.7	-1000	-1000
Danang	120.7	122.7	119.7	121.7	-1000	-1000
PNJ	Ho Chi Minh City	120.7	122.7	120	122	-700	-700
Hanoi	120.7	122.7	120	122	-700	-700
Bao Tin Minh Chau	Nationwide	120.7	122.7	119.7	121.7	-1000	-1000
Phu Quy SJC	Nationwide	120.2	122.7	119.2	121.7	-1000	-1000

World gold price today

The downward trend of domestic gold is directly reflected in the world market, where the spot gold price this morning fell to 3,368 USD/ounce, down 22 USD/ounce in the past 24 hours.

With the domestic gold bar price falling sharply and the world gold price listed at Kitco at 3,368 USD/ounce (equivalent to about 107 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees), the domestic gold price is about 15 million VND/tael higher than the world gold price.

World gold prices today turned down. Photo: Gainesvillecoins

Gold prices fell as easing trade tensions increased risk appetite, reducing demand for safe-haven assets such as gold.

Following this week’s U.S.-Japan trade deal, two European diplomats said on Wednesday that the European Union (EU) and the United States are also close to a trade deal that could include a 15% base U.S. tariff on EU goods, with some exemptions.

“Gold prices fell this morning due to positive news surrounding global trade... This helps reduce risks to global economic growth and reinforces the risk-on sentiment that prevails in financial markets,” said analyst Carsten Menke of Julius Baer bank.

“Safe-haven demand for gold has cooled, while central bank buying has remained steady, although not as robust as earlier in the year. We still expect gold prices to rise in the long term,” Menke added.

The US Federal Reserve's next policy meeting, scheduled for July 29-30, is expected to keep interest rates unchanged. However, investors predict the Fed could cut interest rates again in September.

Many financial institutions predict that gold is still in a long-term upward trend. The reason is that countries are reducing their dependence on the USD and increasing their gold reserves. Meanwhile, the USD is expected to continue to depreciate in the long term. On the other hand, if the Fed really loosens monetary policy, gold prices could surpass the threshold of 3,400 USD/ounce and set a new record, even surpassing 3,500 USD.

Investors are currently holding their breath, waiting for a series of important economic data from both Europe and the US, along with the results of policy meetings of the European Central Bank (ECB) and the Fed. These are considered events that have the potential to create major turning points, shaping market trends in the coming time.

KHANH MINH

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Source: https://baolamdong.vn/gia-vang-hom-nay-25-7-lao-doc-383607.html