Updated gold price at the end of session 22.7: Soaring, highest in a month

Khương Duy |

Updated gold price at the end of session 22.7: The world gold market increased sharply, reaching the highest level in the past month.

SJC gold bar price

As of 5:15 p.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND 120-121.5 million/tael (buy in - sell out); unchanged. The difference between buying and selling prices is at 2 million VND/tael.

Dien bien gia vang SJC nhung phien giao dich gan day. Bieu do: Khuong Duy
SJC gold price developments in recent trading sessions. Chart: Khuong Duy

DOJI Group listed at 120-121.5 million VND/tael (buy - sell); unchanged. The difference between buying and selling prices is at 2 million VND/tael.

Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 120-121.5 million VND/tael (buy in - sell out); unchanged. The difference between buying and selling prices is at 2 million VND/tael.

Phu Quy Gold and Stone Group listed the price of SJC gold bars at VND 119.5-122 million/tael (buy - sell); increased by VND 300,000/tael for buying and increased by VND 800,000/tael for selling. The difference between buying and selling prices is at 2.5 million VND/tael.

9999 gold ring price

As of 5:15 p.m., DOJI Group listed the price of gold rings at 116.6-119.1 million VND/tael (buy in - sell out), an increase of 500,000 VND/tael in both directions. The difference between buying and selling is 2.5 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 116.3-119,3 million VND/tael (buy in - sell out), unchanged. The difference between buying and selling is 3 million VND/tael.

Dien bien gia vang nhan nhung phien giao dich gan day. Bieu do: Khuong Duy
Gold ring price developments in recent trading sessions. Chart: Khuong Duy

Phu Quy Gold and Stone Group listed the price of gold rings at 115.7-118.7 million VND/tael (buy in - sell out), an increase of 700,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.

World gold price

The world gold price was listed at 5:30 p.m. at 3,385.6 USD/ounce, up 21.7 USD compared to 1 day ago.

Dien bien gia vang the gioi nhung phien giao dich gan day. Bieu do: Phan Anh
World gold price developments in recent trading sessions. Chart: Phan Anh

Gold price forecast

Suki Cooper - Precious metals analyst at Standard Chartered Bank commented that if the greenback continues to weaken, this will support gold prices.

Gold prices may not react as strongly as they did at the beginning of the year with tariff information, but still show the strongest correlation with the USD, with an average three-month correlation rate of -70%, while the correlation with real yields also begins to decline negative at -17%.

Currently, gold is less seen as a safe haven, but is still mainly affected by the USD. Concerns about US public debt continue to fuel interest in gold. Rising US public debt and updated tariffs could keep gold at the center, and now, floor prices appear to be solidly supported, she said.

Gold prices are not only shining but also far exceeding expectations, attracting strong interest from UK investors. On July 21, the Royal mint released official data for the first quarter of the 2025-2026 financial year, showing that online precious metals sales reached a record high in the period from April to June not only for gold but also for silver and platinum.

Gold prices set a new record of five for the British bang, surpassing £2,500/ounce in April, boosting unprecedented interest from British investors.

Online bullion (gold, silver and platinum) sales hit second highest in history, with revenue increasing by 115% over the same period last year, despite a natural decrease of 17% compared to the fourth quarter which was the peak period at the end of the fiscal year the press release said.

 nhu cau tru an an toan cua vang cang tang len khi cang thang thuong mai giua My va cac doi tac lon ngay cang leo thang, lam gia tang muc do bat on cua thi truong. Anh: Phan Anh
Gold's safe-haven demand has increased as trade tensions between the US and major partners have escalated, increasing market instability. Photo: Phan Anh

The next policy meeting of the US Federal Reserve (FED) is scheduled to take place on July 29-30. Investors are expecting the FED to cut interest rates in September. If the FED signals a rate cut or the USD continues to weaken, the world gold price may surpass the threshold of 3,400 USD/ounce.

Gold is considered a safe haven asset in times of uncertainty and often tends to increase in the low interest rate environment.

Note: Gold price data is compared to a day earlier.

See more news related to gold prices HERE...

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Gold prices hit record high, British investors rushed to buy

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Gold prices are not only shining but also far exceeding expectations, attracting strong interest from UK investors.

Gold prices increase sharply not only due to high speculative demand

Khương Duy |

Although speculative activities following the upward trend in gold prices are still very "isturdy", experts said that this is not the main driving force behind recent price fluctuations.

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Khương Duy |

Updated gold price at the end of the session on July 20: Gold buyers suffered a heavy loss of up to VND3.4 million/tael after a week of down payment.