Gold price on July 17: DOJI gold ring skyrocketed by nearly 1 million VND/tael in the afternoon buying session

In today's trading session, the price of SJC gold bars and gold rings did not fluctuate; but the price of DOJI gold rings increased. Meanwhile, the price of gold in the international market increased slightly after two consecutive sessions of decline.

Specifically, at 2:00 p.m. on July 17, Saigon Jewelry Company (SJC) listed the buying and selling price of SJC gold bars at VND118.6-120.6 million/tael, unchanged in both buying and selling prices compared to the previous session. The buying and selling difference was VND2 million.

The price of SJC 9999 gold ring is 114.2 million VND/tael for buying and 116.7 million VND/tael for selling, unchanged in both buying and selling prices.

Meanwhile, DOJI gold bar prices in Hanoi and Ho Chi Minh City were bought at VND118.6 million/tael and sold at VND120.6 million/tael, unchanged in both directions (buying-selling) compared to the previous session's close.

This brand lists prices   gold ring   Doji Hung Thinh Vuong 9999 is at 115.9-118.4 million VND/tael (buy-sell), up 800 thousand VND/tael for buying and up 300 VND/tael for selling compared to yesterday.

PNJ Gold listed buying price at 114.7 million VND/tael and selling price at 117.6 million VND/tael, unchanged in both directions (buying-selling) compared to the previous session.

As of 2:00 p.m. on July 17 (Vietnam time), the world gold price increased by 18.4 USD/ounce compared to the previous session to 3,341 USD/ounce.

Global gold prices are supported by ongoing conflicts in the Middle East and uncertainty surrounding the US tariff stance. In this context, money flows strongly into gold because this precious metal is still considered a safe haven.

In addition, gold prices also benefited from the release of data showing that US manufacturing growth remained steady in June, after rising 0.3% in May. Previously, according to data released on July 15, US consumer prices rose 0.3% in June, up from 0.1% in May. This could make the US Federal Reserve (FED) cautious before cutting interest rates, as gold tends to thrive in times of uncertainty and a low interest rate environment is particularly beneficial for this precious metal.

Investors are now waiting for more economic data, including the upcoming consumer inflation (CPI) report, to assess the possibility of the Fed changing interest rates in the future.

Today, the USD-Index increased to 98.78 points; the yield on 10-year US Treasury bonds increased to 4.482%; US stocks increased slightly; world oil prices continued to decrease slightly, trading at 68.44 USD/barrel for Brent oil and 66.42 USD/barrel for WTI oil.

Source: https://baoquangninh.vn/gia-vang-ngay-17-7-vang-nhan-doji-tang-vot-gan-1-trieu-dong-luong-chieu-mua-vao-3367167.html