Gold price today 7/29/2025: "Standing still" in both buying and selling directions

Domestic gold price today July 29, 2025:

At the time of survey at 4:30 a.m. on July 29, 2025, the price of gold bars was listed by some businesses specifically as follows:

The price of SJC gold bars was listed by Saigon Jewelry Company, Bao Tin Minh Chau, DOJI Group and PNJ at 119.6-121.1 million VND/tael (buy - sell), the price remained unchanged in both buying and selling directions compared to yesterday.

Domestic gold price today July 29, 2025.

Meanwhile, SJC gold price in Phu Quy was also traded by businesses at 118.8-121.1 million VND/tael (buy - sell), gold price remained unchanged in both buying and selling directions compared to yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 120.3-121.1 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 100,000 VND/tael for both buying and selling.

Regarding ring gold, the price of 9999 Hung Thinh Vuong round ring gold at DOJI is listed at 116-118.5 million VND/tael (buy - sell); the price remains unchanged in both buying and selling directions compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 116.2-119.2 million VND/tael (buy - sell); unchanged in both buying and selling directions compared to yesterday.

World gold price today July 29, 2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 4:30 a.m. today, Vietnam time, was at 3,312.73 USD/ounce. Today's gold price decreased by 0.77% compared to yesterday. Converted according to the USD exchange rate on the free market (26,386 VND/USD), the world gold price is 105.3 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is about 15.8 million VND/tael higher than the international gold price.

World gold price developments in the past 24 hours.

The average gold price is forecast to hit $3,220 an ounce in 2025, up from $3,065 three months ago, according to a Reuters poll of 40 analysts and traders. The forecast for 2026 was also revised up to $3,400 an ounce, up from $3,000 previously.

Spot gold has gained 27% so far this year, after hitting a record high of $3,500 an ounce in April.

“The first quarter of 2025 confirmed what many in the investment community have always believed, that gold is not only a hedge, but also a market signal,” said David Russell, a representative of GoldCore. He believes that the price of $ 4,000 / ounce is completely achievable by the end of 2026 if concerns about the US fiscal situation continue to escalate.

Gold’s appeal has increased as important trade negotiations between the US and major partners approach. At the same time, the US Congress’s passage of the “One big beautiful bill” under former President Trump, which independent experts predict will add $3.3 trillion to the national debt, has exacerbated concerns about fiscal risks.

However, gold prices have yet to regain the peak set in April. “The market currently has no clear trigger to trigger a new rally, so the short-term accumulation phase is likely to continue,” said analyst Carsten Menke from Julius Baer bank.

Most analysts agree that central banks continue to play a key role in gold’s rally. Diversification of reserves away from the dollar is a strong long-term driver. China has increased its gold reserves for eight straight months, while a European Central Bank (ECB) survey found that nearly 40% of central banks cited geopolitical risks as a key reason for holding gold.

“The multipolar world continues to exist, leading to the desire of central banks to reduce their dependence on the US dollar as a reserve currency and, in extreme cases, to reduce their vulnerability to US sanctions,” Mr. Menke emphasized.

Alongside gold, the silver market has also seen strong growth. Since the beginning of 2025, silver prices have increased by 32%, surpassing gold’s increase and approaching the $40/ounce mark for the first time in 14 years.

The average silver price forecast for 2025 was raised to $34.52 an ounce, up from $33.10 in the previous survey. The forecast for 2026 was also revised up to $38 an ounce from $34.58.

Much of the recent rally in silver has been driven by flows into exchange-traded funds (ETFs). However, if that momentum stalls, silver could face a correction, even though the market is still expected to be in deficit this year, according to Suki Cooper of Standard Chartered Bank.

Source: https://baohatinh.vn/gia-vang-hom-nay-2972025-dung-yen-ca-2-chieu-mua-ban-post292673.html