Gold prices on July 9, 2025: SJC gold reverses course and rises sharply.

On July 9, 2025, global gold prices saw a slight decrease, influenced by growing optimism about the possibility of reaching trade agreements between the US and its partners. Meanwhile, domestic gold prices reversed course and increased.

SJC reverses course and rises sharply.

Following the price drop early yesterday morning, the price of gold bars reversed course and rose sharply today.

DOJI , SJC, PNJ, and Bao Tin Minh Chau brands simultaneously listed the price of gold bars at 119 - 121 million VND/ounce (buying price - selling price), an increase of 500,000 VND/ounce in both directions.

Phu Quy SJC is buying gold at 700,000 VND/ounce lower, at 118.3 million VND/ounce; and selling it at 121 million VND/ounce.

Illustrative image. (Image source: Internet)

Similarly, the price of gold rings has also surged compared to early yesterday morning.

SJC listed the price of gold rings at 114.4 - 116.9 million VND/ounce (buying price - selling price), an increase of 500,000 VND/ounce in both directions.

DOJI is trading gold rings at 115.5 - 117.5 million VND/ounce (buy - sell), an increase of 500,000 VND/ounce in both directions.

PNJ is buying gold rings at 114.7 million VND/ounce (an increase of 500,000 VND/ounce) and selling them at 117.3 million VND/ounce (an increase of 400,000 VND/ounce).

Gold rings at Bao Tin Minh Chau increased by 500,000 VND/ounce in both buying and selling prices, trading at 115.7 - 118.7 million VND/ounce (buying price - selling price).

Phu Quy Group listed the price of gold rings at 114.3 - 117.3 million VND/ounce (buying price - selling price), an increase of 400,000 VND/ounce in both directions.

World gold prices

According to Kitco, the spot price of gold in the world market at 5:00 AM Vietnam time today was $3,296.24 USD/ounce. Today's gold price is down 0.65% compared to yesterday. Converted using the USD exchange rate on the free market (26,414 VND/USD), the world gold price is approximately 105 million VND/ounce (excluding taxes and fees). Therefore, the price of SJC gold bars is currently about 16 million VND/ounce higher than the international gold price.

According to Reuters, the yield on 10-year US Treasury bonds, considered a market benchmark, rose to its highest level in more than two weeks, making gold, a non-interest-bearing asset, less attractive to investors. At the same time, the US Dollar Index (DXY) also increased by 0.2%, raising the cost of holding gold for investors using other currencies.

Illustrative image. (Image source: Internet)

Meanwhile, two major Asian economies , Japan and South Korea, have indicated they will attempt to negotiate with the US to mitigate the impact of the new high tariffs that President Donald Trump is expected to impose starting August 1st.

On Monday, Trump reignited trade tensions by warning 14 countries that they would face higher tariffs. However, with the deadline postponed to August, these countries are using the three-week period to push forward negotiations aimed at reaching a more favorable agreement.

“The market is currently focused on trade issues as the July 9 deadline approaches. The Trump administration is increasing pressure, but optimism about the possibility of reaching an agreement is also fueling risk appetite, which is keeping gold restrained,” said Peter Grant, Vice President and Senior Strategist for Metals at Zaner Metals.

In addition, the market is also focusing its attention on the minutes of the latest Federal Reserve (Fed) policy meeting, expected to be released this week, along with statements from various Fed officials to gain a clearer understanding of monetary policy direction and an assessment of the US economy.

"The risk of prolonged inflation due to the impact of tariffs could cause the Fed to delay interest rate cuts until next year, and that would put pressure on gold prices," analyzed Hamad Hussain, climate and commodities economist at Capital Economics.

Investors are currently expecting the Fed to cut interest rates by a total of 50 basis points between now and the end of 2025, starting in October.

Among other precious metals, spot silver fell 0.5% to $36.57 per ounce, platinum declined 0.8% to $1,359.97, and palladium dropped 0.2% to $1,108.77 per ounce.

According to Consumer

Source: https://doanhnghiepvn.vn/kinh-te/gia-vang-ngay-9-7-2025-sjc-dao-chieu-tang-manh/20250709083237590