At the end of the trading week from July 14 to July 19, SJC gold bar prices were listed by large businesses at 119.7-121.2 million VND/tael (buy - sell).
Gold prices opened last week at 119.1-121.1 million VND/tael (buy - sell). After a week of trading, the buying price increased by 600,000 VND and the selling price increased by 100,000 VND. The difference between the buying and selling prices decreased from 2 million VND to 1.5 million VND/tael.
The price of gold rings is listed at 114.2-116.7 million VND/tael (buy - sell), an increase of 100,000 VND each way after a week.

Gold bar buying price increased by 600,000 VND after one week (Photo: Thanh Dong).
On the international market, the price of gold this morning (Vietnam time) was at 3,346 USD/ounce, down slightly by 5 USD compared to before, converted at the exchange rate excluding taxes and fees equivalent to 106.2 million VND/tael.
According to the weekly Kitco News survey, experts still have mixed views on the short-term outlook for gold prices, while individual investors are starting to show optimism again.
Specifically, out of 15 analysts participating in the survey, 8 people (equivalent to 53%) predicted that gold prices will increase this week. Only 1 person (7%) said that prices will decrease, the remaining 6 people (40%) held a neutral view, saying that prices will go sideways.
Among individual investors, the online survey recorded 223 participants. Of these, 138 people (62%) expected gold prices to rise, 38 people (17%) thought prices would fall, and 47 people (21%) predicted prices would not fluctuate much.
Gold prices were largely unaffected by the tariff news this week, with the threat of political interference in the US Federal Reserve keeping investors focused on the market.
Adrian Day, president of Adrian Day Asset Management, said Fed Chairman Jerome Powell is likely to continue to hold off on cutting interest rates. He said inflation is still not fully under control, although expectations have stabilized somewhat.
In the context of economic and monetary policy uncertainty, maintaining the current policy is a reasonable choice. In addition, Mr. Powell is also said to want to protect the Fed's independence from increasing pressure from US President Donald Trump.
Investors are closely monitoring upcoming macroeconomic data, especially the monthly Consumer Confidence Index released by the Institute for Social Research at the University of Michigan (USA), which can impact market sentiment in the short term.
Meanwhile, markets will be watching the European Central Bank's (ECB) interest rate decision, along with manufacturing and housing data and remarks by the Fed chairman at an event in Washington.
However, the decisive factor for gold price trends will be the upcoming Fed policy meeting, scheduled to take place later this month.
Record high anchor rate
The State Bank currently lists the central exchange rate at 25,185 VND, unchanged from before, continuing to maintain the new record price range. With a 5% margin compared to the central exchange rate, commercial banks are allowed to buy and sell USD in the range of 23,925-26,444 VND.
The exchange rate at large banks is 25,950-26,340 VND (buy - sell), up 10 VND in both buying and selling. At medium-sized banks, the USD price is 25,985-26,335 VND (buy - sell).
On the free market, foreign currency exchange points buy and sell USD around 26,350-26,420 VND (buy - sell), down 10 VND in both buying and selling compared to before.
Source: https://dantri.com.vn/kinh-doanh/gia-vang-tang-phien-thu-4-lien-tiep-20250721063506042.htm
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