Gold price today July 29: All decreased, SJC is 16 million VND/tael more expensive than the world

Domestic gold prices decreased slightly, while world precious metals decreased sharply, causing the price of SJC gold bars to increase to 16 million VND/tael compared to the world price.

Saigon Jewelry Company - SJC reduced the price of gold bars by 100,000 VND per tael, buying at 119.5 million VND, selling at 121 million VND. Mi Hong Company reduced the price by 200,000 VND per tael, buying at 119.8 million VND, selling at 121 million VND. Phu Quy Company kept the buying price unchanged at 118.8 million VND, selling at 121.1 million VND...

Similarly, the price of gold rings also decreased by about 100,000 VND per tael, SJC Company bought for 114.4 million VND, sold for 117 million VND; Phu Quy Company bought for 114.8 million VND, sold for 117.8 million VND... The price of gold rings is 12 million VND/tael higher than the world price , while SJC gold bars are 16 million VND/tael higher.

SJC gold bar price is 16 million VND/tael higher than the world price. PHOTO: NGOC THANG

World gold prices fell another $4 to $3,312 an ounce. In the US trading session, the precious metal fell sharply from $3,335 to $3,302. Gold was sold off as the USD rose sharply. The solid rise in the US dollar index and the sharp decline in the euro after the trade deal showed that the US had offered better terms. The US and the European Union agreed over the weekend on a trade deal that would see the EU impose a 15% tariff on most exports to the US, including cars.

Gold sold off ahead of the Federal Reserve's Federal Open Market Committee (FOMC) meeting, which begins Tuesday morning and ends Wednesday afternoon with a statement and press conference from Fed Chairman Jerome Powell. Bloomberg reported that Fed officials "are determined to keep rates unchanged, although the increasingly contentious debate could strengthen expectations for a cut in the fall." Powell is "under intense pressure" from President Trump to lower rates. However, the Fed is widely expected to leave the Fed's benchmark interest rate unchanged this week./.

According to Thanh Nien Newspaper

Source: https://thanhnien.vn/gia-vang-hom-nay-2972025-dong-loat-giam-sjc-dat-hon-the-gioi-16-trieu-dong-luong-185250729084252306.htm

Source: https://baolongan.vn/gia-vang-hom-nay-29-7-dong-loat-giam-sjc-dat-hon-the-gioi-16-trieu-dong-luong-a199695.html