Vietnamese Gold Prices Rise Amid Uncertainty Over Global Economic Outlook

The gold price in Vietnam has seen an increase, according to recent listings from various businesses. As of July 26th at 6:00 AM, Phu Quy Jewelry Group listed SJC gold bars for between 137.5-141.5 million VND per tael (buying-selling), with a difference of 4 million VND between buying and selling prices.

DOJI also listed SJC gold bars at the threshold of 137.5-141.5 million VND per tael, with an increase of 2 million VND on the buying side and 1 million VND on the selling side. The price difference remains at 4 million VND.

The same is true for 9999 gold rings, which are listed by Phu Quy Gold and Gems Group at 137.5-141.5 million VND per tael (buying-selling). DOJI lists the price of gold rings at the threshold of 138.5-142.5 million VND per tael, with an increase of 500,000 VND on the buying side and keeping the selling side unchanged.

Experts are predicting a volatile market for gold prices in the near future, citing upcoming monetary policy decisions and economic data releases from the US Federal Reserve. If interest rates remain high, it may put pressure on gold prices. On the other hand, easing monetary policy could lead to increased demand for gold.