Domestic gold ring prices early this morning were adjusted down by brands.
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC | 113,900,000 | - 300,000 | 116,400,000 | - 300,000 |
| Doji | 115,000,000 | - 500,000 | 117,000,000 | - 500,000 |
SJC and Doji gold ring price list updated morning of July 7
Opening the trading session on July 7, the price of SJC 9999 gold was adjusted down by 400 thousand VND/tael in both buying and selling compared to the closing session last weekend, down to 118.5-120.5 million VND/tael (buying - selling).
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC HCMC | 118,500,000 | - 400,000 | 120,500,000 | - 400,000 |
| Doji Hanoi | 118,500,000 | - 400,000 | 120,500,000 | - 400,000 |
| Doji HCMC | 118,500,000 | - 400,000 | 120,500,000 | - 400,000 |
SJC and Doji gold bar price list updated on the morning of July 7
The world gold price was adjusted down this morning. At 8:51 am today (July 7, Vietnam time), the world spot gold price was at 3,315.5 USD/ounce, down 19.5 USD/ounce compared to the end of last week.
On the morning of July 7 , the world gold price converted to USD bank price was over 106.3 million VND/tael, including tax and fees, about 14.2 million VND/tael lower than the domestic gold price.
Global financial markets are entering a relatively quiet week in terms of economic data, especially after last week's important jobs report.
The Reserve Bank of Australia (RBA) is set to announce its monetary policy decision this week, a highly anticipated event that will provide further clues on the direction of interest rates amid uncertainties over inflation and global economic growth.
Next, analysts will "dissect" the minutes of the June meeting of the Federal Open Market Committee (FOMC) of the Federal Reserve (Fed). The minutes are expected to clarify the Fed's view on the interest rate path, especially after mixed signals from the labor market.
In addition, the market is also interested in the weekly unemployment claims data in the United States. In the current context, this data provides insights into the health of the US labor market and potential inflationary pressures.
The latest Kitco News weekly gold survey shows a notable divide between the views of professionals and retail investors. Industry experts appear to remain cautious and ambivalent about the near-term direction of the precious metal.
Meanwhile, retail traders are showing a bullish trend and are reinforcing their bullish stance on gold. This confidence among investors can be attributed to a number of factors, including inflation concerns, safe-haven demand amid global economic uncertainty, or simply a belief in the long-term upside potential of gold.
The dollar briefly rallied after the strong non-farm payrolls data, then quickly reversed, highlighting the relentless dollar selling that dominated the first half of the year, according to Adam Button, head of currency strategy at Forexlive.
This expert believes that when the greenback's downward trend continues and lasts, gold will be the main beneficiary asset.
At the end of last week, spot gold traded at $3,335 an ounce. Gold futures for August 2025 delivery on the Comex New York floor traded at $3,346 an ounce.
In the domestic gold market, on July 5, SJC gold bar prices were traded at 118.9-120.9 million VND/tael (buy - sell), unchanged from the previous session.
The price of 1-5 chi SJC gold rings is listed at 114.2-116.7 million VND/tael (buy - sell), unchanged from the previous session. The price of 9999 gold rings at Doji is at 115.5-117.5 million VND/tael.
The price of SJC gold bars increased by about 1.4 million VND/tael for buying this week. The price of gold rings increased by about 700,000 VND/tael for buying.
Gold Price Forecast
Cash flows from reserve funds, expectations of a weaker USD and bullish retail investor sentiment are creating a solid foundation for gold’s potential upside in the final months of 2025.
Michael Brown, senior market analyst at Pepperstone, said that while changes in interest rate expectations could provide short-term support for the US dollar, the broader bearish trend in the US dollar will continue, thereby strengthening the bullish outlook for gold.
The main driver of gold prices, according to Mr. Brown, is inflows from reserve managers. “I think the main driver is inflows, as reserve managers reallocate away from the dollar and diversify into alternatives like gold,” he said. This diversification trend is expected to reinforce the gold price rally.
Any pullback in gold should be viewed as a buying opportunity, Brown stressed. With the path of least resistance still leading higher, gold prices are likely to return to their all-time highs of around $3,500 an ounce before the end of the year.
Source: https://vietnamnet.vn/gia-vang-hom-nay-7-7-2025-the-gioi-tram-lang-co-hoi-mua-vao-sjc-va-nhan-2418790.html
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