Gold price today (July 28): World gold continues to fall...

Gold price today (July 28): Domestic gold bar price is stable at 121.1 million VND/tael sold; world gold price slightly decreased, listed around 3,336.30 USD/ounce.

Domestic gold ring price today

Today's gold ring price is kept the same by brands compared to yesterday morning, listed at the highest price of 119.2 million VND/tael for sale.

Specifically, SJC listed the price of gold rings at 114.5 - 117 million VND/tael (buy - sell), unchanged from yesterday morning.

Phu Quy stabilized the price of gold rings in both directions, trading at 115.1 - 118.1 million VND/tael.

PNJ traded gold rings at 116 - 119 million VND/tael, stable in both directions.

DOJI traded gold rings at 116 - 118.5 million VND/tael, stable in both directions.

Bao Tin Minh Chau gold rings are also stable in both directions, currently trading at 116.2 - 119.2 million VND/tael (buy - sell).

Domestic gold bar price is stable at 121.1 million VND/tael sold. Illustration photo: laodong.vn

Domestic gold bar price today

The brands DOJI, SJC, PNJ, and Bao Tin Minh Chau also stabilized the price of gold bars today at 119.6 - 121.1 million VND/tael (buy - sell).

Phu Quy SJC buys 800,000 VND/tael lower than other gold brands, trading at 118.8 million VND/tael for buying and 121.1 million VND/tael for selling.

Domestic gold bar prices updated at 5:30 a.m. on July 28 as follows:

Yellow	Area	Early morning 27-7	Early morning 28-7	Difference
Buy	Sell	Buy	Sell	Buy	Sell
Unit of measure: Million VND/tael	Unit of measure: Thousand dong/tael
DOJI	Hanoi	119.6	121.1	119.6	121.1	-	-
Ho Chi Minh City	119.6	121.1	119.6	121.1	-	-
SJC	Ho Chi Minh City	119.6	121.1	119.6	121.1	-	-
Hanoi	119.6	121.1	119.6	121.1	-	-
Danang	119.6	121.1	119.6	121.1	-	-
PNJ	Ho Chi Minh City	119.6	121.1	119.6	121.1	-	-
Hanoi	119.6	121.1	119.6	121.1	-	-
Bao Tin Minh Chau	Nationwide	119.6	121.1	119.6	121.1	-	-
Phu Quy SJC	Nationwide	118.8	121.1	118.8	121.1	-	-

World gold price today

In the world gold market, today's spot gold price decreased slightly compared to yesterday morning, listed around 3,336.30 USD/ounce (equivalent to 106.2 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees).

The world gold price generally decreased by 4.6 USD/ounce (equivalent to 0.14%) compared to the end of the previous trading session. However, if calculated within the past month, the gold price has increased by 58 USD/ounce, equivalent to 1.77%.

Currently, world gold is about 14.8 million VND/tael lower than domestic SJC gold price.

Photo: Getty Images

Last week, gold prices briefly surpassed $3,400 and peaked at nearly $3,433 an ounce. However, after hitting a weekly low of $3,327 an ounce, gold prices recovered slightly to $3,340 and hovered around that level until the end of the week.

Thus, in just a few days, the precious metal has "evaporated" up to 100 USD per ounce (equivalent to about 3.2 million VND).

According to experts, gold is largely driven by investor sentiment, and in today's volatile market, sentiment can change in the blink of an eye. Uncertainty surrounding US President Donald Trump's protracted trade war is also a major factor driving demand for safe havens like gold, so any signal about new policies will impact demand for gold.

According to analysts, this week, the market is waiting for a lot of remarkable information about growth, inflation and employment besides important decisions on US interest rates. Many central banks of countries will also announce decisions on monetary policy... These factors will affect gold prices.

According to Kitco's latest survey on gold price trends on Wall Street, 14 analysts participated in the survey, of which only 14% said that gold prices will continue to increase; 36% said that gold prices will decrease and the remaining 50% said that gold prices will remain stable.

Contrary to experts’ forecasts, the survey of 206 Main Street investors showed that the majority remained optimistic, with 66% of respondents expecting gold prices to continue to rise in the near future; only 19% predicted prices would fall and the remaining 15% thought the market would move sideways.

MR. PHUONG

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Source: https://baolamdong.vn/gia-vang-hom-nay-28-7-vang-the-gioi-tiep-tuc-lao-doc-384007.html