This afternoon, the world gold price increased. At 1:23 p.m. today (July 3, Vietnam time), the world spot gold price was at 3,357.6 USD/ounce, up 19.6 USD/ounce compared to last night.
Domestic gold prices this afternoon were also adjusted up following the trend of world gold prices.
Domestic gold ring prices today are adjusted up by brands.
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC | 114,500,000 | + 500,000 | 117.00.000 | + 1,000,000 |
| Doji | 116,000,000 | + 600,000 | 118,000,000 | + 600,000 |
SJC and Doji gold ring price list updated afternoon 3/7
At 1:12 p.m., SJC's 9999 gold price was listed at 119.3-121.3 million VND/tael (buy - sell), an increase of 400,000 VND/tael in both buying and selling compared to this morning.
Opening the trading session on July 3 , the price of SJC 9999 gold was adjusted up 200 thousand VND/tael in both buying and selling compared to the closing price of yesterday's trading session, to 118.9-120.9 million VND/tael (buying - selling).
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC HCMC | 119,300,000 | + 600,000 | 121,300,000 | + 600,000 |
| Doji Hanoi | 119,300,000 | + 600,000 | 121,300,000 | + 600,000 |
| Doji HCMC | 119,300,000 | + 600,000 | 121,300,000 | + 600,000 |
SJC and Doji gold bar price list updated on the afternoon of July 3
In the world, as of 8:30 p.m. on July 2 (Vietnam time), the spot gold price today on the international market was at 3,338 USD/ounce. Gold for August 2025 delivery on the Comex New York floor was at 3,353 USD/ounce.
The world gold price on the night of July 2 was about 27.2% higher (equivalent to 713 USD/ounce) than at the end of 2024. The world gold price converted to the bank USD price was 106.9 million VND/tael, including taxes and fees, about 13.8 million VND/tael lower than the domestic gold price as of the end of the afternoon session on July 2.
Gold prices on the international market cooled down slightly even though the US just released a disappointing employment report.
Specifically, late on July 2, the ADP Employment Report for June showed that the US private sector lost 33,000 jobs, while the market expected an increase of 95,000 jobs. This is the worst figure since March 2023, when a decrease of more than 100,000 jobs was recorded. In May, the US private sector recorded an increase of 37,000 jobs.
The data raised concerns about the weakness of the US labor market, especially in sectors that have been the main drivers of job growth. The decline in the services sector suggests that US businesses may be becoming more cautious in the face of a prolonged economic and interest rate environment.
With unprecedented pressure from US President Donald Trump, Fed Chairman Jerome Powell on July 1 left open the possibility of cutting interest rates in July.
Normally, such news would push the US dollar down, thereby pushing gold prices up sharply.
However, in reality, the price of gold on the New York market at the beginning of the session on July 2 (evening of July 2, Vietnam time) tended to decrease due to the increase in the USD and increased profit-taking pressure on precious metals.
Invisible pressures have appeared and weighed down, preventing gold from continuing to increase, even though it is still quite far from the peak of 3,500 USD/ounce set on April 22.
The USD increased slightly on the evening of July 2. The dollar index (DXY) increased by nearly 0.3% to 97.1 points. In the previous session, DXY fell to 96.5 points - the lowest level in the past 3 and a half years.
Domestic gold prices continued to be at their highest level in the past month. Specifically, by the end of the trading session on July 2, the price of 9999 gold bars at SJC and Doji was listed at 118.7-120.7 million VND/tael (buy - sell).
By the end of the afternoon of July 2, SJC announced the price of gold rings of type 1-5 at only 114-116 million VND/tael (buy - sell). Doji announced the price of gold rings of type 1-5 at only 115.4-117.4 million VND/tael (buy - sell).
Gold Price Forecast
Recently, many organizations have made forecasts that the world gold price will increase sharply in the second half of 2025, possibly reaching 3,700-3,800 USD/ounce. However, the reality shows that the precious metal is under invisible and quite heavy pressure as it continues to climb.
Gold usually only increases strongly for one session and then immediately slows down, unable to continue climbing, only around 3,300-3,400 USD/ounce even though investors are assessed to be very concerned about the negative impact on countries as the deadline for the US to impose reciprocal tariffs on many countries is approaching.
US President Donald Trump announced that the July 9 deadline for reciprocal tariffs will remain unchanged. This means that trade tensions will escalate. There are many other factors that are also supporting gold. These include tensions in US politics, the conflict in Ukraine that continues to escalate…
However, the reality is that gold has increased very strongly, up more than 25% since the beginning of the year and has increased 1.6 times since the beginning of 2024. The room for price increase, if any, may not be much. Cash flow is looking for many other types of assets that can increase more strongly. These can be high-risk assets such as US stocks, other commodities such as silver, platinum, etc.
Source: https://vietnamnet.vn/gia-vang-hom-nay-3-7-2025-ap-luc-vo-hinh-co-khien-sjc-truot-khoi-121-trieu-2417655.html
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