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Gold price this week is forecast to decrease following world gold price

This morning (July 7), the world gold price turned down. The domestic gold price remained high at nearly 121 million VND/tael for SJC gold bars and nearly 119 million VND/tael for gold rings. The domestic gold price is forecast to decrease this week.

Báo Lào CaiBáo Lào Cai07/07/2025

Saigon Jewelry Company listed the price of SJC gold bars at 118.9 - 120.9 million VND/ounce for buying and selling, stable compared to yesterday morning.

Other businesses simultaneously listed the price of SJC gold bars at 120.9 million VND/ounce.

The price of gold rings is 2.2 - 5 million VND/ounce lower than the price of gold bars, depending on the brand. Specifically, Bao Tin Minh Chau Co., Ltd. listed the price of gold rings at 115.7 - 118.7 million VND/ounce, stable compared to yesterday morning. Phu Quy Gold, Silver and Gemstone Group listed the price of gold rings at 114.3 - 117.3 million VND/ounce (buying price - selling price).

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Domestic gold prices tended to fall this week, following the trend of global gold prices.

At the same time, the world gold price was listed at $3,323 per ounce, down $14 per ounce compared to yesterday morning. The price of SJC gold bars remains nearly 15 million VND per tael higher than the world gold price.

Global gold prices are forecast to trend downwards from now until the end of August, then rebound in September. Domestic gold prices are following the global trend. However, domestic gold prices currently remain higher than global prices, so any price adjustments in the near future are unlikely.

On the currency market this morning, the State Bank of Vietnam announced the central exchange rate at 25,116 VND/USD.

With a margin of 5%, commercial banks are allowed to buy and sell USD within the range of 23,860 - 26,371 VND/USD.

The USD exchange rate at Vietcombank , the largest foreign exchange bank in the system, is 25,980 - 26,370 VND/USD for buying and selling.

In the free market, the USD exchange rate is trading at between 26,370 and 26,470 VND/USD.

tienphong.vn

Source: https://baolaocai.vn/gia-vang-tuan-nay-duoc-du-bao-giam-theo-gia-vang-the-gioi-post648118.html


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