Gold price today 7/8/2025: Down to lowest level in a week

Gold price today 7/8/2025

At the time of survey at 4:30 a.m. on July 8, 2025, gold prices were listed by some businesses specifically as follows:

The price of SJC gold bars was listed by Saigon Jewelry Company Limited, Bao Tin Minh Chau , DOJI Group and PNJ at 118.5-120.5 million VND/tael (buy - sell), a decrease of 400,000 VND/tael in both buying and selling directions compared to yesterday.

Gold price today July 8, 2025. Illustration photo

SJC gold price at Phu Quy is traded by businesses at 117.8-120.5 million VND/tael (buy - sell), gold price decreased 400,000 VND/tael 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 119.5-120.5 million VND/tael for buying and selling. Compared to yesterday, the gold price decreased by 300,000 VND/tael for both buying and selling.

World gold price today 07/08/2025 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 3,317.82 USD/ounce. Today's gold price decreased by 0.55% compared to yesterday. Converted according to the USD exchange rate on the free market (26,433 VND/USD), the world gold price is 105.7 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is about 14.8 million VND/tael higher than the international gold price.

Diễn biến giá vàng thế giới trong 24h qua. — World gold price developments in the past 24 hours.

Gold prices fell to a one-week low as the dollar rose after US President Donald Trump announced an extension of the tariff deadline from July 9 to August 1 and said the US was close to finalising a number of trade deals, Reuters reported.

The rise in the US dollar, which rose 0.2% against a basket of major currencies, made gold, which is priced in dollars, more expensive for buyers using other currencies.

Trading volumes remain low and price action is largely reflecting recent economic data, but is also starting to show expectations for the possibility of trade deals being announced, said Daniel Ghali, commodity strategist at TD Securities.

Last week’s strong US jobs report reinforced the belief that the Federal Reserve will not cut interest rates as quickly as initially expected. Investors are now awaiting the minutes of the Fed’s latest policy meeting and upcoming speeches from several officials for further clues on the upcoming course of action.

Meanwhile, China continued to buy more gold in June, marking the eighth consecutive month of increasing its gold reserves, according to official data released by the People's Bank of China (PBOC) on July 7. Analyst Zain Vawda from MarketPulse (OANDA) said that the PBOC is actively diversifying its foreign exchange reserves, and geopolitical risks may accelerate this process.

In other precious metals, spot silver fell 1.6% to $36.32 an ounce, platinum fell 2.9% to $1,350.97 an ounce, while palladium fell 3% to $1,100.65 an ounce.

Source: https://baohatinh.vn/gia-vang-hom-nay-872025-giam-xuong-muc-thap-nhat-trong-mot-tuan-post291289.html