Gold price today (July 7): Domestic gold price is trading at a high level, nearly 121 million VND/tael in the selling direction. Domestic gold price will fluctuate in the context of the tax deadline, which may shape the next trend of world gold price this week.
Domestic gold price today
Domestic gold bar prices are stable compared to yesterday. On the morning of July 7, gold brands are buying at 118.9 million VND/tael and selling at 120.9 million VND/tael. Phu Quy SJC gold is buying at 700,000 VND lower than other brands.
Meanwhile, Bao Tin Minh Chau brand gold rings increased dramatically compared to yesterday, buying at 115.7 million VND/tael, up 1.2 million VND/tael; selling at 118.7 million VND/tael, up 800,000 VND/tael.
The price of gold rings of other brands remained unchanged compared to yesterday. Specifically, the price of SJC 9999 gold rings was listed at 114.3 million VND/tael for buying and 116.8 million VND/tael for selling, stable compared to yesterday.
DOJI in Hanoi and Ho Chi Minh City markets kept the same price as the previous day, trading at 115.5 - 117.5 million VND/tael (buy - sell).
Phu Quy SJC is buying gold rings at 114.3 million VND/tael and selling at 117.3 million VND/tael, stable in both directions.
PNJ brand gold ring price is bought at 114.8 million VND/tael and sold at 117.4 million VND/tael, stable compared to yesterday.
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Gold price today (July 7): Stable at high level. Photo: chinhphu.vn |
Domestic gold bar prices updated on the morning of July 7 as follows:
Yellow | Area | Early morning 6-7 | Early morning 7-7 | Difference | |||
Buy | Sell | Buy | Sell | Buy | Sell | ||
Unit of measure: Million VND/tael | Unit of measure: Thousand dong/tael | ||||||
DOJI | 118.9 | 120.9 | 118.9 | 120.9 | - | - | |
Ho Chi Minh City | 118.9 | 120.9 | 118.9 | 120.9 | - | - | |
SJC | Ho Chi Minh City | 118.9 | 120.9 | 118.9 | 120.9 | - | - |
Hanoi | 118.9 | 120.9 | 118.9 | 120.9 | - | - | |
Danang | 118.9 | 120.9 | 118.9 | 120.9 | - | - | |
PNJ | Ho Chi Minh City | 118.9 | 120.9 | 118.9 | 120.9 | - | - |
Hanoi | 118.9 | 120.9 | 118.9 | 120.9 | - | - | |
Bao Tin Minh Chau | Nationwide | 118.9 | 120.9 | 118.9 | 120.9 | - | - |
Phu Quy SJC | Nationwide | 118.2 | 120.9 | 118.2 | 120.9 | - | - |
World gold price today
World gold prices increased slightly, with spot gold prices at 3,336.74 USD/ounce. World gold prices generally increased by 0.10% in the past 24 hours, equivalent to an increase of 3.28 USD/ounce.
With the domestic gold bar price stable and the world gold price listed at Kitco at 3,336.74 USD/ounce (equivalent to about 106 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees), the difference between domestic and world gold prices is about 14.9 million VND/tael.
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| Will world gold prices fluctuate during the tax deadline? |
World gold prices continued to rise last week, boosted by a favorable economic and political backdrop. Among the factors driving this trend, recent political decisions in Washington played a central role. On July 1, the US Senate passed President Donald Trump ’s landmark tax reform bill, a bill that could increase the federal debt by more than $3 trillion. That same day, President Trump also confirmed that he would not extend the July 9 deadline for new trade agreements.
The falling US dollar has also weighed on gold prices. The dollar fell nearly 2% in June, bringing its year-to-date decline to 9%, according to Dow Jones Market Data. The weaker US dollar makes gold more attractive to international buyers, helping to support demand.
According to fxempire.com, with the US Federal Reserve ( Fed ) interest rate cut now pushed to September, the short-term focus will shift to the July 9 tariff deadline for new trade deals.
Technically, last week's gold rally ended a two-week slide but did not result in a true bullish reversal. Sellers remain in the $3,451.53-$3,500.20/oz range, limiting the potential for a breakout. Meanwhile, buyers are eyeing the $3,166.46-$3,018.52/oz retracement zone if trading triggers a fresh pullback.
Gold prices remain well supported by fundamentals for now, but the Trump administration's tariff deadline could shape the next gold price trend this week.
THU UYEN
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Source: https://baolamdong.vn/gia-vang-hom-nay-7-7-gia-vang-the-gioi-se-bien-dong-vao-thoi-han-ap-thue-381413.html
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