Editor’s Note
This article reports a notable decline in domestic gold prices as of July 15, 2025, based on a market survey. The figures provided are for informational purposes.
The domestic gold price recorded a decline across major brands as of the 5:30 PM survey on July 15, 2025. This reflects a notable market trend indicating a significant adjustment in domestic gold prices. Specifically:
In Hanoi, SJC gold price was 119.1 million VND/tael (buy) and 121.1 million VND/tael (sell), down 400,000 VND/tael in both directions compared to yesterday.
The DOJI Group also recorded a similar decline, with buy and sell prices at 119.1 million VND/tael and 121.1 million VND/tael, respectively.
At Mi Hong, the SJC gold price remained unchanged at 119.5 million VND/tael on the buy side, but fell 400,000 VND/tael on the sell side to 120.7 million VND/tael.
PNJ gold price was unchanged from yesterday. The buy price is 115.2 million VND/tael, and the sell price is 118.2 million VND/tael.
Vietinbank Gold saw its selling price drop by 400,000 VND/tael, falling to 121.1 million VND/tael.
Bao Tin Minh Chau also recorded a similar decline, with buy and sell prices at 119.1 million VND/tael and 121.1 million VND/tael, respectively.
Phu Quy gold price fell by 400,000 VND/tael in both directions, with the buy price reaching 118.4 million VND/tael and the sell price reaching 121.1 million VND/tael.
As of 5:30 PM today, the price of DOJI’s 9999 Hung Thinh Vuong round gold ring was trading at 115.6 – 118.5 million VND/tael (buy/sell). This represents a decrease of 400,000 VND/tael in both buy and sell directions compared to early this morning. The difference between the buy and sell prices is 2 million VND/tael.
Bao Tin Minh Chau set its gold ring price at 115.8 – 118.8 million VND/tael (buy-sell). This is a decrease of 400,000 VND/tael in both buy and sell prices compared to early this morning. The difference between the buy and sell prices is 3 million VND/tael.
The global gold price was $3,362.8 per ounce as of 5:12 PM Vietnam time on July 15, 2025. The gold price increased by $20.7 compared to the previous day. Converted at Vietcombank’s USD exchange rate (26,310 VND/USD), the global gold price is approximately 110.11 million VND per tael (excluding taxes and fees). Compared to the domestic SJC gold bar price on the same day (119.1 – 121.1 million VND/tael), the current SJC gold price is about 10.99 million VND higher than the international gold price.
The current global gold price on July 15, 2025, has risen slightly due to several factors, particularly concerns about global trade wars. Investors often choose gold as a means to safely protect assets when they worry about economic and political instability. The international gold spot price rose 0.6% to $3,361.99 per ounce. Meanwhile, the US gold futures price also rose 0.4% to $3,371.30 per ounce. This indicates that many people are choosing gold to keep their funds safe amidst market volatility.
A key factor driving gold prices is the slight weakening of the US dollar. When the dollar’s value falls, gold becomes cheaper for people using other currencies, stimulating gold demand. Experts say gold is receiving strong support in the market. For example, expectations that the US Federal Reserve (Fed) will cut interest rates in the near future and the tariff policies threatened by former US President Donald Trump are enhancing gold’s appeal. These factors make gold a safer choice compared to other risky assets.
Trade conflicts between the US and regions like the European Union (EU) and Mexico have also contributed to rising gold prices. Last weekend, President Trump announced plans to impose 30% tariffs on imports from the EU and Mexico, sparking fears of a new trade war. The EU has warned it will retaliate if trade negotiations with the US fail. This uncertainty is prompting investors to move towards holding gold to protect their assets from unpredictable price fluctuations.
Investors are also awaiting the US Consumer Price Index (CPI) report expected to be released today. This report could influence the Fed’s interest rate policy. If US inflation rises, the Fed may become more cautious about cutting rates, which could impact gold prices. However, the market currently expects the Fed to cut rates by about 48 basis points from October by the end of this year. Due to these factors, the gold price on July 15, 2025, continues to receive sustained attention from global markets.
Not only gold, but prices of other precious metals like silver, platinum, and palladium also recorded gains. The silver price rose 0.4% to $38.28 per ounce, hitting its highest level since September 2011. Experts predict that if the gold price surpasses $3,440 per ounce, the silver price could rise to $40 per ounce. Meanwhile, platinum and palladium also rose 0.8% and 0.2%, respectively, demonstrating the appeal of precious metals as the global economy faces multiple challenges.
The gold price on July 16, 2025, is expected to continue being influenced by various global economic and political factors. The current global gold price is $3,362.8 per ounce (as of 5:12 PM on July 15, 2025), up $20.7 from the previous day. Converted at Vietcombank’s exchange rate (26,310 VND/USD), the global gold price is approximately 110.11 million VND per tael, about 10.99 million VND/tael lower than the domestic SJC gold price.
Concerns are growing about a trade war between the US and some regions like the EU and Mexico. US President Donald Trump recently announced plans to impose 30% tariffs on imports from the EU and Mexico, increasing volatility in financial markets. In this situation, gold has established itself as a safe haven for investors.
With the US dollar showing slight weakness, gold has become a more attractive investment product for international investors. When the US dollar weakens, the gold price denominated in other currencies falls, stimulating gold demand.
The US Federal Reserve Board (Fed) is expected to cut interest rates within the next few months, which will increase gold’s appeal. This is because lower interest rates tend to make non-yielding assets like gold more attractive.
The US Consumer Price Index (CPI) to be released on July 15, 2025, could have a significant impact on gold prices. If inflation rises, the Fed may change its interest rate strategy, which could affect the gold market.
