Gold price today, July 20: Heavy loss of up to 3.4 million VND/tael after a week

SJC gold bar price

At the end of the trading session of the week, Saigon Jewelry Company SJC listed the price of SJC gold at 119.5-121 million VND/tael (buy in - sell out).

Compared to the closing price of last week's trading session (July 13, 2025), the price of SJC gold bars at Saigon Jewelry Company SJC remained the same for buying and decreased by 500,000 VND/tael for selling. The difference between the buying and selling prices of SJC gold at Saigon Jewelry Company SJC is at 1.5 million VND/tael.

Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at VND 119.5-121 million/tael (buy in - sell out).

Compared to a week ago, the price of SJC gold bars was kept unchanged by Bao Tin Minh Chau for buying and decreased by 500,000 VND/tael for selling. The difference between buying and selling prices is at 1.5 million VND/tael.

If buying SJC gold at Bao Tin Minh Chau and Saigon Jewelry Company SJC in the session of July 13 and selling it in today's session (July 20), buyers will lose 2 million VND/tael.

9999 gold ring price

This morning, Bao Tin Minh Chau listed the price of gold rings at 116.1-119.1 million VND/tael (buy - sell); down 100,000 VND/tael in both directions compared to a week ago. The difference between buying and selling is at 3 million VND/tael.

Phu Quy Gold and Stone Group listed the price of gold rings at 114.8-117.8 million VND/tael (buy - sell), down 400,000 VND/tael in both directions compared to a week ago. The difference between buying and selling is 3 million VND/tael.

If buying gold rings in the session of July 13 and selling in today's session (July 20), buyers at Bao Tin Minh Chau will lose 3.1 million VND/tael, while the loss when buying in Phu Quy is 3.4 million VND/tael.

World gold price

At the end of the trading session of the week, the world gold price was listed at 3,347.9 USD/ounce, down 6.9 USD/ounce compared to the closing price of the previous trading session.

Gold price forecast

Commerzbank analysts say gold prices appear to be running out of steam. Although the US dollar fell to its weakest level against the Euro in four years earlier this month, gold prices remained below $3,400/ounce.

The recent strong rally in other precious metals such as silver, platinum and paladi also shows that investors have little expectation for gold, a popular metal this year, and are instead looking for alternatives, they noted.

Darin Newsom, senior market analyst at Barchart.com, said. "The price will increase, nothing has changed. Uncertainty still prevails. Meanwhile, the next meeting of the Federal Open Market Committee (FOMC) is getting closer to the future curve of the federal funds rate future without any change until at least the October meeting."

Precious metals analyst Jim Wyckoff predicts that gold prices will continue to fluctuate next week. The sideways and intertwined movements will continue in the context of a gloomy summer and a lack of news that could change the market.

The economic calendar next week will revolve around the interest rate decision of the European Central Bank (ECB), along with a series of data on manufacturing and housing expected to be released.

Federal Reserve Chairman Jerome Powell will give an opening speech at an event in Washington, D.C. While he is uncertain to mention recent criticism from President Donald Trump, investors will still be watching closely.

There will be a report on existing US home sales in June on Wednesday. By Thursday, the market will receive a series of important information including the ECB's monetary policy decision, preliminary PMI data from S&P, US weekly jobless claims and new home sales.

The last notable data of the week is the US long-term orders report for June, released on Friday morning.