Specifically, Bao Tin Minh Chau, PNJ, SJC, DOJI all listed the two-way buying and selling prices at 119.5-121.5 million VND/tael. Phu Quy listed the buying price at 118.8 million VND/tael, 700,000 VND lower than other businesses. Mi Hong narrowed the gap between the two buying and selling prices by listing the buying price at a high level of 120 million VND/tael, while the selling price was 300,000 VND lower, at 121.2 million VND/tael.
The price of gold rings also increased significantly in this morning's trading session. SJC listed the price at 115.7-117.2 million VND/tael for both buying and selling. Phu Quy and PNJ listed the price at 115.2-118.2 million VND/tael. SJC listed the price at 115.2-117.5 million VND/tael; DOJI listed the price at 116-119 million VND/tael.
The world gold price in the morning session of July 12 is trading at 3,355 USD/ounce, up 1.16% compared to the morning of July 11. Converted according to the bank exchange rate, the gold price is equivalent to about 104.9 million VND/tael (excluding taxes and fees).
According to Mr. Aakash Doshi, head of global gold strategy at financial consulting firm State Street Global Advisors, the market is seeing a return of risk premiums and gold is directly benefiting from this "safe haven" demand. He forecasts gold prices to fluctuate between $3,100-3,500/ounce in the third quarter of 2025.
US Federal Reserve Governor Christopher Waller has reaffirmed the possibility of a rate cut this month, with markets now betting on two rate cuts totaling 50 basis points by the end of the year - a factor that supports gold prices.
Source: https://baogialai.com.vn/vang-trong-nuoc-co-gia-1215-trieu-dongluong-cao-hon-the-gioi-166-trieu-dong-post560302.html
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