Vietnam Gold Price Increases Slightly as Global Markets Anticipate Fed Decision

The gold price in Vietnam has increased slightly at the closing session on July 25. According to Phu Quy Jewelry Group, the SJC gold bar price is now listed at 137.5-141.5 million VND/tael (buying - selling), with a difference of 4 million VND/tael between buying and selling prices.

The same trend was observed at other business units such as DOJI and Bao Tin Minh Chau, which listed SJC gold bar prices at the threshold of 137.5-141.5 million VND/tael (buying - selling).

Similarly, the price of plain gold rings has also increased, with Phu Quy Gold and Gems Group listing the price at 137.5-141.5 million VND/tael (buying - selling) and DOJI listing it at the threshold of 138.5-142.5 million VND/tael (buying - selling).

Looking ahead to next week, market analysts predict that gold prices will continue to fluctuate strongly due to the upcoming monetary policy meeting of the US Federal Reserve (Fed) and other global economic developments.