In today’s trading session, the prices of domestic gold bars and gold rings decreased compared to the same time yesterday. Meanwhile, the world gold price continued to plummet and showed no signs of stopping.
Specifically, at 11:30 a.m. on July 29, Saigon Jewelry Company (SJC) listed the buying and selling price of SJC gold bars at 119.5-121 million VND/tael, down 100,000 VND/tael in both buying and selling compared to the previous session. The difference between buying and selling was 1.5 million VND.
The price of SJC 9999 gold ring is 114.4 million VND/tael for buying and 116.9 million VND/tael for selling, down 100 thousand VND per tael for both buying and selling.
Meanwhile, DOJI gold bar price in Hanoi and Ho Chi Minh City was bought at 119.5 million VND/tael and sold at 121 million VND/tael, down 100 thousand VND/tael in both directions (buying-selling) compared to the previous session's close.
This brand listed the price of Doji Hung Thinh Vuong 9999 gold ring at 115.9-118.4 million VND/tael (buy-sell), down 100 thousand VND/tael in both buying and selling compared to yesterday.
PNJ Gold listed the buying price at 115 million VND/tael and the selling price at 117.9 million VND/tael, down 1 million VND per tael for buying and 600 thousand VND per tael for selling compared to the previous session.
As of 11:30 a.m. on July 29 (Vietnam time), the world gold price slightly decreased by 1.7 USD/ounce compared to the previous session's close to 3,312.1 USD/ounce.
Gold prices continued to fall today and hit a two-week low. Gold was pressured by a surge in the US dollar index. The rise in the US dollar makes gold less attractive to international investors as it becomes more expensive.
The greenback was boosted by the US and EU agreeing to a trade deal over the weekend. The two sides agreed to impose a 15% tariff on some EU goods, much lower than the initial threatened tariff, which helped ease concerns about a full-blown trade war.
Another factor that has weighed on gold prices is that the US and China are expected to extend their tariff truce for another three months, according to the South China Morning Post, ahead of trade talks between US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng in Stockholm, Sweden.
The gold market is expected to remain stable as investors focus on the two-day policy meeting of the US Federal Reserve (FED) this week.
Today, the USD-Index increased to 98.74 points; the yield on 10-year US Treasury bonds was at 4.404%; US stocks rose slightly ahead of the FED meeting; world oil prices traded at 69.25 USD/barrel for Brent oil and 66.59 USD/barrel for WTI oil.
Source: https://baolaocai.vn/gia-vang-ngay-297-trong-nuoc-the-gioi-tiep-tuc-giam-post650019.html
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