The price of SJC gold bars in the domestic market on July 26 dropped sharply by 600,000 VND/tael, selling at 121.1 million VND/tael.
Specifically, gold bars of Saigon Jewelry Company (SJC), DOJI Jewelry Group and Bao Tin Minh Chau brand gold bars are being bought at 119.6 million VND/tael, down 100,000 VND/tael; sold at 121.1 million VND/tael, down 600,000 VND/tael compared to yesterday afternoon.
Phu Quy Gold and Gemstone Group bought SJC gold bars at VND118.8 million/tael, down VND400,000/tael; sold at VND121.1 million/tael, down VND600,000/tael compared to yesterday afternoon.
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Gold price today (afternoon of July 26): Gold bars dropped sharply by 600,000 VND/tael in the selling direction. |
Gold rings of various brands also tend to decrease. Specifically, SJC brand gold rings are listed at 115 - 117 million VND/tael.
DOJI brand gold rings are listed at 116 - 118.5 million VND/tael.
Bao Tin Minh Chau brand gold rings are listed at 116.2 - 119.2 million VND/tael.
Phu Quy brand gold rings are listed at 115.1 - 118.1 million VND/tael.
PNJ brand gold rings in Hanoi and Ho Chi Minh City are being bought at 116 million VND/tael; sold at 119 million VND/tael.
The world gold price at 1:15 p.m. on July 26 was 3,336.67 USD. The world gold price generally decreased by 0.96% in the past 24 hours, equivalent to a decrease of 32.38 USD/ounce.
Gold prices fell on Friday, pressured by a stronger dollar and signs of progress in U.S.-European Union trade talks, which dented demand for safe-haven assets. The dollar index rebounded from its lowest in more than two weeks, making the precious metal more expensive for international buyers.
“The Japan deal is important, and there is hope for a US-EU deal before the August 1 deadline. This weakens safe-haven demand, while increased risk appetite drives capital into riskier assets,” explained Peter Grant, vice president and senior metals strategist at Zaner Metals.
Following this week's trade deal between Washington and Tokyo, the European Commission said a deal with the US was within reach, although EU members have approved countermeasures against US goods if talks fail.
On economic data, weekly jobless claims in the US fell to a three-month low, signaling a firming labour market despite moderate job growth.
The strength of the labor market will allow the US Federal Reserve to maintain its key interest rate between 4.25% and 4.50% at its meeting next week, even as inflation shows signs of rising due to tariffs imposed by President Donald Trump.
“Gold may see some buying interest around $3,300 an ounce, but it is probably not ready to hit new record highs until the Fed makes a new decision,” said Peter Grant, adding that the meeting could signal a rate cut later this year.
LINH PHUONG
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Source: https://baolamdong.vn/gia-vang-hom-nay-chieu-26-7-giam-manh-383817.html
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