Gold bar price on the afternoon of July 16 decreased by 500 thousand VND/tael

Buy and sell gold at Manh Hai Gold and Silver Trading Company, Hoang Cau Street, Hanoi .

Specifically, at 2:10 p.m., Saigon Jewelry Company (SJC), DOJI Group listed the price of gold bars at 118.6 - 120.6 million VND/tael (buy - sell); down 500,000 VND/tael in both buying and selling directions compared to the closing price yesterday.

Similarly, Bao Tin Minh Chau Company listed the price of gold bars and gold rings at 115.3 - 118.3 million VND/tael (buy - sell); down 500 thousand VND/tael in both buying and selling directions compared to the closing price yesterday.

Saigon Jewelry Company (SJC) listed the price of gold rings at 114.2 - 116.7 million VND/tael (buy - sell); down 400 thousand VND/tael in both buying and selling compared to yesterday's closing price.

DOJI Group listed the price of gold rings at 115.6 - 118.1 million VND/tael (buy - sell); down 100 thousand VND/tael for buying and down 500 thousand VND/tael for selling compared to yesterday's closing price.

In the world market, gold prices fell in the session on July 15 as investors were waiting for updated announcements on tariff policies, while the inflation report showed that the US consumer price index increased as expected last month.

At 0:45 a.m. on July 16, Vietnam time, the spot gold price fell 0.5% to $3,328.06/ounce. The US gold futures price closed down 0.7% to $3,336.7/ounce. The USD increased 0.6%, making gold more expensive for buyers holding other currencies.

Peter Grant, vice president and senior metals strategist at Zaner Metals, said the market remains focused on tariffs, which is supporting gold prices. Grant expressed optimism about the gold market, although prices are still trading in the range they have been in since mid-May 2025.

Over the weekend, US President Donald Trump threatened higher tariffs, including a 30% levy, on goods imported from the European Union and Mexico.

Data released on July 15 showed that the US Consumer Price Index (CPI) rose 0.3% in June 2025, in line with forecasts, after a slight increase of 0.1% in May 2025. This was the largest increase since January 2025. In a post on the social network Truth Social, Mr. Trump said that because consumer prices are low, the US Federal Reserve (Fed) should lower interest rates.

After the data was released, traders continued to bet that the Fed is likely to start cutting short-term borrowing costs in September. Investors are waiting for U.S. producer price index (PPI) data due on July 16 for more clues on the Fed's plans.

bnews.vn

Source: https://baolaocai.vn/gia-vang-mieng-chieu-167-giam-500-nghin-dongluong-post648912.html