This morning, in the domestic market, gold prices of all brands increased again after yesterday's decrease.
The price of SJC gold bars increased to 120.8 million VND/tael. Currently, the domestic gold bar price is still about 15 million VND/tael higher than the world price (excluding taxes and fees).
Specifically, at 10:30 a.m. on July 10, Saigon Jewelry Company (SJC) listed the buying and selling price of SJC gold bars at 118.8-120.8 million VND/tael, an increase of 200,000 VND compared to the previous session. The difference between buying and selling is 2 million VND/tael.
The price of SJC 9999 gold ring is 114.2 million VND/tael for buying and 116.7 million VND/tael for selling, an increase of 200,000 VND compared to yesterday's closing price.
DOJI gold bar price in Hanoi and Ho Chi Minh City is trading at 118.8 million VND/tael for buying and 120.8 million VND/tael for selling, up 200,000 VND compared to the previous session.
This brand listed the buying and selling price of Doji Hung Thinh Vuong 9999 gold ring at 115.2-117.2 million VND/tael, an increase of 200,000 VND compared to yesterday's closing price.
PNJ Gold is currently buying at 114.3 million VND/tael and selling at 117.2 million VND/tael, an increase of 200,000 VND compared to the previous session.
As of 10:30 a.m. on July 10 (Vietnam time), gold price World prices increased by 20.72 USD compared to the previous session's close to 3,321 USD/ounce.
Gold prices today recovered strongly after a deep drop below $3,300 as investors' demand for safe havens increased.
Gold prices rose as investors returned to gold as a safe-haven asset amid escalating geopolitical risks and market expectations that the US Federal Reserve (FED) will soon cut interest rates.
According to the World Gold Council (WGC), geopolitical instability, especially from the Israel-Iran conflict, has boosted demand for precious metals from investors. In addition, signals from the FED about the possibility of cutting interest rates have also been a catalyst for gold prices to rise again.
In its meeting last June, although the FED kept interest rates unchanged, experts said the agency was concerned about slowing economic growth and rising inflationary pressures.
The WGC said the Fed is likely to cut interest rates three times by the end of 2025 and two more times next year.
The core factors that have helped gold set new highs over the past few years remain intact, said Ole Hansen, head of commodity strategy at Saxo Bank.
"Not only that, in the second half of 2025, new drivers for gold prices to continue to rise may appear," Mr. Ole Hansen added.
Experts say that in the short term, gold prices may fluctuate or decrease, but in the long term, they believe in the potential for this precious metal to increase in price.
This morning, the USD-Index slightly decreased to 97.42 points; the yield on 10-year US Treasury bonds was at 4.333%; US stocks increased slightly, waiting for information on tariffs; world oil prices edged up slightly, trading at 70.22 USD/barrel for Brent oil and 68.39 USD/barrel for WTI oil.
Source: https://baoquangninh.vn/gia-vang-ngay-10-7-vang-mieng-sjc-cao-hon-gia-the-gioi-khoang-15-trieu-dong-luong-3366187.html
Comment (0)