The adjusted price on the morning of July 26 was maintained throughout the trading session. Compared to the closing price at the end of last week, the price of SJC gold bars decreased by VND100,000/tael in both buying and selling directions.
Domestic gold ring prices early this morning were adjusted down by brands following the trend of world gold prices.
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC | 114,500,000 | - 500,000 | 117,000,000 | - 500,000 |
| Doji | 116,000,000 | - 500,000 | 118,500,000 | - 500,000 |
SJC and Doji gold ring price list updated on the morning of July 26
Opening the trading session on July 26, the price of SJC 9999 gold was adjusted down by 100 thousand VND/tael for buying and down by 600 thousand VND/tael for selling, ending yesterday's trading session, listed at 119.6-121.1 million VND/tael (buying - selling).
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC HCMC | 119,600,000 | - 100,000 | 121,100,000 | - 600,000 |
| Doji Hanoi | 119,600,000 | - 100,000 | 121,100,000 | - 600,000 |
| Doji HCMC | 119,600,000 | - 100,000 | 121,100,000 | - 600,000 |
SJC and Doji gold bar price list updated on the morning of July 26
World gold prices weakened at the end of the week. At 9:10 a.m. today (July 26, Vietnam time), the world spot gold price was at 3,336 USD/ounce.
On the morning of July 26 , the world gold price converted to USD bank price was over 106.8 million VND/tael, including tax and fees, about 14.3 million VND/tael lower than the domestic gold price.
At 8:00 p.m. (July 25, Vietnam time), the spot gold price was trading at $3,336/ounce, down 0.73% from the beginning of the session. The gold futures price for August 2025 delivery on the Comex New York floor was trading at $3,342/ounce.
US President Donald Trump had a heated exchange with Federal Reserve Chairman Jerome Powell during a visit to the agency's headquarters, criticizing the cost of renovating two historic buildings at the Fed's headquarters and pushing for lower interest rates.
On US monetary policy, Mr. Trump continued to maintain a tough stance, emphasizing that interest rates must be lowered. However, Mr. Trump also expressed his unwillingness to fire Mr. Powell.
President Trump has repeatedly asked Mr. Powell to cut interest rates by 3 percentage points or more. The forecast is that interest rates will remain in the range of 4.25-4.5%, but the market is still speculating about the possibility of a rate cut in September 2025.
The US Dollar Index (DXY), which measures the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), continued to rise during the trading session.
Nymex crude oil futures also saw a slight increase, trading around $66.25 a barrel. Meanwhile, the yield on 10-year US Treasury bonds is currently at 4.418%.
In China, the country is facing a new record budget deficit in the first half of 2025. This reflects the government's strong efforts to stimulate domestic demand, especially as tariffs imposed by Mr. Trump have negatively affected the country's exports to the United States.
China's overall budget deficit hit 5.25 trillion yuan ($733 billion) in the January-June period, up 45 percent from a year earlier, data from the Ministry of Finance showed on Friday.
The first face-to-face summit between European Union (EU) and Chinese leaders since 2003 took place in Beijing this week, with low expectations and little concrete progress.
Domestically, gold prices remained unchanged on July 25. SJC gold bar prices were listed at VND119.7-121.7 million/tael (buy-sell). SJC gold rings of 1-5 chi closed at VND115-117.5 million/tael and Doji 9999 gold rings closed at VND116.5-119 million/tael.
Gold Price Forecast
Kelvin Wong, senior market analyst at OANDA, said the main reason for the decline in gold and silver prices in early trading on Friday was profit-taking by short-term speculators.
The market witnessed this profit-taking move after optimism about the prospect of reaching a trade deal emerged in the market.
The Fed is expected to keep interest rates unchanged at its July 29-30 meeting. Gold prices are always sensitive to US interest rate adjustments. When US interest rates fall, the USD usually weakens. A weaker USD makes gold cheaper for investors holding other currencies, thereby significantly increasing the attractiveness of gold.
Furthermore, in the context of low interest rates, traditional investment channels such as savings or government bonds offer negligible returns. This encourages investors to look for alternatives to preserve and increase asset value.
Gold, as a non-yielding asset, has become a preferred choice due to its ability to hedge against inflation and act as a safe haven in times of economic uncertainty.
Source: https://vietnamnet.vn/gia-vang-hom-nay-26-7-2025-the-gioi-chua-ngung-giam-vang-sjc-bat-dong-2425828.html
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