Gold price today July 28: Strange developments of SJC gold bars

(NLDO) – The price of SJC gold bars decreased slower than the world price, contrary to investors' expectations as the gap widened with the world price and even with gold rings.

On the morning of July 28th, the price of SJC gold bars was listed by companies at 119.6 million VND/ounce for buying and 121.1 million VND/ounce for selling, remaining stable compared to yesterday.

The price gap between gold bars and gold rings has widened.

The price of SJC gold bars is showing signs of stabilizing after a fairly sharp drop at the end of last week.

The price of 99.99% pure gold rings and jewelry also remained stable at 114.5 million VND/ounce for buying and 117 million VND/ounce for selling.

Recently, domestic gold prices have fluctuated in sync with world prices, but within a much narrower range. This has led to an increasing gap between the price of gold bars and gold rings, and the price of gold in the global market.

The price of SJC gold bars is widening its gap with the world price.

Although both are 24K gold, the price of SJC gold bars is currently more than 4 million VND/ounce higher than the price of gold rings, and about 15 million VND/ounce higher than the world price, a significant increase compared to previous months. In April 2025, there were times when the price of gold rings was traded higher than SJC gold bars.

Many domestic investors are eagerly awaiting the issuance of new gold management policies, which could impact the supply and price of gold bars and narrow the price gap with the world market.

The world gold price is equivalent to over 105 million VND.

On the international market, gold prices continued to fall at the start of the new trading week. Accordingly, the spot price of gold in the world market was at $3,333 per ounce, down about $5 per ounce compared to the closing price at the end of last week.

Precious metals on international markets continued to fall amid a stable US dollar. The US dollar index (DXY) is currently trading around 97.65 points.

This week, gold prices are awaiting information related to US economic data, interest rate policy meetings of several countries, and especially information on tariffs in the US and other countries before August 1st. These factors will impact gold prices.

Currently, the world gold price, converted according to the listed exchange rate, is approximately 105.8 million VND per tael.

SJC gold bar prices have remained high in recent days.

Source: https://nld.com.vn/gia-vang-hom-nay-28-7-dien-bien-la-cua-vang-mieng-sjc-196250728095827401.htm