In the domestic market, today's SJC gold price is listed by businesses at 66.6 million VND/tael for buying and 67.22 million VND/tael for selling, down 150,000 VND/tael compared to the end of yesterday.

The price of jewelry gold and 24K gold rings of all kinds is traded around 56 million VND/tael for buying (down 300,000 VND/tael) and 57.1 million VND/tael for selling (down 200,000 VND/tael) compared to yesterday.

Only DOJI gold kept its price stable in the past 24 hours with a buying price of 66.55 million VND/tael and a selling price of 67.25 million VND/tael.

Gold rings lost 300,000 VND/tael in price compared to yesterday. Photo: forbes.com

Thus, today's gold price dropped sharply in the domestic market following the downward trend of world gold prices.

Gold prices held at their lowest level in two weeks after new data showed better-than-expected growth in the US, the world’s leading economy , boosted the dollar and pushed bond yields higher, but sent non-yielding assets like gold to their biggest weekly loss this year, according to cnbc.com.

However, by 2:49 a.m. (GMT), or 9:49 a.m. (Hanoi time) on July 28, spot gold had increased by 0.3% to $1,951.19 an ounce, after hitting its lowest level since July 12 and ending 1.4% lower in the previous session. So far this week, bullion prices have decreased by 0.4%, heading for the biggest weekly decline since June 23.

Analysts have slightly lowered their forecasts for gold prices this year, a Reuters poll showed. Global economic concerns also reduced forecasts for platinum and palladium prices for 2024.

NGUYEN LINH

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