Domestic gold ring prices early this morning were adjusted by brands to increase following the trend of world gold prices.
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC | 114,400,000 | + 500,000 | 116,900,000 | + 500,000 |
| Doji | 115,500,000 | + 500,000 | 117,500,000 | + 500,000 |
SJC and Doji gold ring price list updated morning of July 8
Opening the trading session on July 8 , the price of SJC 9999 gold increased by 500 thousand VND/tael in both buying and selling compared to the closing price of yesterday's trading session, up to 119-121 million VND/tael (buying - selling).
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC HCMC | 119,000,000 | + 500,000 | 121,000,000 | + 500,000 |
| Doji Hanoi | 119,000,000 | + 500,000 | 121,000,000 | + 500,000 |
| Doji HCMC | 119,000,000 | + 500,000 | 121,000,000 | + 500,000 |
SJC and Doji gold bar price list updated on the morning of July 8
The world gold price this morning was adjusted to increase quite strongly. At 8:57 am today (July 8, Vietnam time), the world spot gold price was at 3,332.3 USD/ounce, up 27.3 USD/ounce compared to last night.
On the morning of July 8, the world gold price converted to USD bank price was nearly 106.8 million VND/tael, including tax and fees, about 14.2 million VND/tael lower than the domestic gold price.
At 8:00 p.m. on July 7 (Vietnam time), spot gold was trading at $3,305/ounce, down 0.84% from the beginning of the session. Meanwhile, gold futures for August 2025 delivery on the Comex New York floor were at $3,326/ounce.
The gold market developments took place in the context of the 17th BRICS Summit being held in Rio de Janeiro (Brazil). According to 2025 data from the International Monetary Fund (IMF), the gross domestic product (GDP) of BRICS in terms of purchasing power parity (PPP) is currently at 77,000 billion USD.
The BRICS group of leading emerging economies includes Brazil, Russia, India, China, South Africa, along with newly admitted members such as Egypt, Iran, Ethiopia, the United Arab Emirates (UAE) and Indonesia.
US President Donald Trump has warned of heavy tariffs if the BRICS group pursues a common currency to replace the US dollar.
The 90-day suspension of reciprocal tariffs by the US ends on Wednesday (July 9). Tariffs could revert to the levels announced in April for countries that have not yet negotiated a deal.
Concerns about inflation due to tariffs have led to expectations that the Federal Reserve will cut interest rates more slowly. Interest rate futures showed traders no longer expect the Fed to cut rates this month and are pricing in a total of just two quarter-point cuts by year-end.
Last week, US President Donald Trump signed into law a massive tax cut and spending package at the White House that is expected to add more than $3 trillion to the national debt, which currently stands at $36.2 trillion.
The US Dollar Index (DXY), which measures the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), is currently at 97.38 points.
Nymex crude oil futures were mostly steady, trading around $67 a barrel. The yield on the 10-year U.S. Treasury note is currently at 4.356%.
In the domestic gold market on July 7, SJC gold bar prices were traded at 118.5-120.5 million VND/tael (buy - sell), down 400,000 VND/tael compared to the previous session.
The price of 1-5 chi gold rings of SJC is listed at 113.9-116.4 million VND/tael (buy - sell), down 300,000 VND/tael. Similarly, the price of 9999 gold rings at Doji is at 115-117 million VND/tael, down 500,000 VND/tael compared to the previous session.
Gold Price Forecast
Bullion prices have remained high recently as investors seek safety amid rising geopolitical and trade tensions. The rally has been supported by inflows into bullion-backed exchange-traded funds, along with strong demand from central banks.
However, gold prices are expected to continue to maintain a sideways trend in the short term as the precious metal enters a consolidation phase.
Jim Wyckoff, senior analyst at Kitco, said the gold market is in a "sideways and choppy" state, reflecting the lack of strong enough catalysts to push prices beyond the current trading range.
“The chart remains bullish, but buyers need fresh momentum to push prices out of the recent trading range,” Wyckoff stressed.
According to Wyckoff, although the upside potential still exists, gold investors need to closely monitor macroeconomic and geopolitical information that can create new breakthroughs, break the consolidation phase and shape a new price trend for this precious metal.
Source: https://vietnamnet.vn/gia-vang-hom-nay-8-7-2025-vang-trong-nuoc-giam-nua-trieu-dong-2419137.html
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