In the domestic market, the price of gold brands fluctuated little, staying at a high level while the world gold price decreased sharply in recent sessions. Currently, the difference between domestic and world gold prices has widened to about more than 16 million VND/tael (excluding taxes and fees).
Specifically, at 8:30 a.m. on August 1, Saigon Jewelry Company (SJC) listed the buying and selling price of SJC gold bars at 119.9-121.4 million VND/tael, unchanged from yesterday's closing price. The difference between buying and selling is 1.5 million VND/tael.
The price of SJC 9999 gold ring is 114.6 million VND/tael for buying and 117.1 million VND/tael for selling, unchanged from the previous session's close.
DOJI gold bar price in Hanoi and Ho Chi Minh City was bought at 119.9 million VND/tael and sold at 121.4 million VND/tael, an increase of 200,000 VND/tael compared to the previous session.
This brand listed the buying and selling price of Doji Hung Thinh Vuong 9999 gold ring at 116-118.5 million VND/tael. The buying and selling difference is 2.5 million VND/tael.
PNJ Gold is currently buying at 115.1 million VND/tael and selling at 118.1 million VND/tael, unchanged from the previous session.
As of 8:30 a.m. August 1 (Vietnam time), gold price World prices increased by 14.9 USD compared to the previous session's close to 3,289.2 USD/ounce.
World gold prices reversed to increase this morning after a sharp decline yesterday. Gold prices have been weaker in recent days due to a stronger US dollar and a slowdown in gold purchases by central banks and jewelers in the second quarter amid recent record highs in gold prices.
According to the World Gold Council (WGC), central banks bought 166.5 tonnes of gold in the second quarter, down a third from the first quarter, bringing purchases in the first half of the year to the lowest level since 2022.
Gold prices are likely to stall this summer, but Grummes also believes a bigger breakout is coming and patient investors will be rewarded, said Florian Grummes, CEO of Midas Touch Consulting.
The expert predicts the support level of this precious metal at $3,285 and the resistance level at $3,450.
“For the remainder of 2025, we could certainly see precious metals prices hit $4,000 an ounce,” Grummes added.
This morning, the USD-Index increased to 100.1 points; the yield on 10-year US Treasury bonds was at 4.378%; US stocks fell despite strong increases in technology stocks; oil prices adjusted down after a series of consecutive increases, trading at 71.69 USD/barrel for Brent oil and 69.23 USD/barrel for WTI oil.
Source: https://baoquangninh.vn/gia-vang-ngay-1-8-vang-mieng-sjc-cao-hon-the-gioi-hon-16-trieu-dong-luong-3369524.html
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