Gold price update July 22, 2025: Domestic and world gold prices increased sharply, reaching a peak in the past month

Domestic gold price today July 22, 2025

Gold price information as of 10:30 a.m. on July 22, 2025, domestic gold bar prices increased sharply, reaching a peak in the past month. Specifically:

DOJI Group listed the price of SJC gold bars at 120-122 million VND/tael (buy - sell), the price remained unchanged in the buying direction - increased 500 thousand VND/tael in the selling direction compared to yesterday.

At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 120-122 million VND/tael (buy - sell), the price remained unchanged in the buying direction - increased 500 thousand VND/tael in the selling direction compared to yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 120.8-121.8 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 300 thousand VND/tael for both buying and selling.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 120-122 million VND/tael (buy - sell), the price remains unchanged in the buying direction - increased 500 thousand VND/tael in the selling direction compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 119.5-122 million VND/tael (buy - sell), gold price increased 300 thousand VND/tael in buying direction - increased 800 thousand VND/tael in selling direction compared to yesterday.

As of 10:30 a.m. on July 22, 2025, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 116.6-119.1 million VND/tael (buy - sell); the price increased by 500,000 VND/tael in both buying and selling directions compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 116.3-119.3 million VND/tael (buy - sell); the gold price increased by 200 thousand VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list today, July 22, 2025 is as follows:

World gold price today July 22, 2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 10:30 on July 22, Vietnam time, was 3,391.53 USD/ounce. Today's gold price increased by 37.5 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,340 VND/USD), the world gold price is about 111.11 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 10.89 million VND/tael higher than the international gold price.

World gold prices rose more than 1%, reaching a one-month high as the dollar and US bond yields weakened amid uncertainty ahead of the US August 1 deadline, forcing countries to reach trade deals with Washington or face higher tariffs.

Specifically, spot gold prices increased by 1.12% to nearly 3,400 USD/ounce, recording the highest level since June 17. US gold futures increased by 1.4% to 3,406.40 USD/ounce.

The U.S. dollar index (.DXY) fell 0.6%, making dollar-denominated gold cheaper for buyers using other currencies, while benchmark 10-year U.S. Treasury yields hit their lowest in more than a week.

Uncertainty surrounding the trade deadline is providing strong support for gold prices, according to David Meger, director of metals trading at High Ridge Futures.

The European Union is considering a range of possible countermeasures against the United States as the prospect of reaching an acceptable trade deal with Washington fades, according to EU diplomats.

Another important factor is the expectation that the US Federal Reserve (Fed) will cut interest rates in September. According to data from CME FedWatch Tool, the market is currently predicting a 59% probability of the Fed cutting interest rates.

In addition, speculation about the replacement of Fed Chairman Jerome Powell and the restructuring of the Fed has also made investors more cautious. Gold prices are considered a risk-hedging tool in the context of uncertainty and often increase when interest rates are low.

However, demand for gold from China has fallen sharply. Figures show that gold imports into the country last month reached just 63 tonnes, the lowest level since January. Platinum imports also fell 6.1% compared to the previous month.

Not only gold, other precious metals also increased in price. Silver increased 2.1% to 38.99 USD/ounce, platinum increased 1.4% to 1,440.75 USD, and palladium increased 2.1% to 1,266.04 USD.

Gold price forecast

The forecast for gold prices in the coming weeks will depend largely on the Fed's actions. If the Fed signals a rate cut or the USD continues to depreciate, it is likely that the world gold price will surpass the threshold of 3,400 USD/ounce. This means that domestic gold prices will also be under increasing pressure.

The world gold price may head towards the 3,425 USD/ounce mark in the short term. In the last 6 trading sessions, the gold price fluctuated between 3,326.10 and 3,389.30 USD/ounce.

According to CPM's assessment, gold prices will likely continue to move in the range of 3,320 to 3,400 USD in the next few sessions, but may surpass the 3,400 mark and approach the target zone of 3,425 USD.

Michael Moor, founder of Moor Analytics, is bullish on gold. He said that on longer time frames, gold has broken out from key multi-year resistance levels and is in a steady uptrend. In particular, recent technical signals suggest that the upside momentum still has a lot of room to run.

Specifically, Mr. Moor cited technical milestones showing that after each time the gold price broke through a certain price zone, the market often continued to increase by about 40 to 150 USD. Each such breakout created clear price targets, and in fact, the gold price has achieved these forecasted milestones many times in the short term.

However, he also warned that if gold prices fall below $3,321.5 an ounce, there could be a correction of around $65.

While the world market is bustling, domestic gold trading is quite quiet as buyers and sellers are waiting for new management moves from the management agency. Currently, the difference between domestic and world gold prices is still high, causing many investors to choose 99.99% gold rings or jewelry instead of SJC gold bars to save costs.

According to experts' analysis, the reason why domestic gold prices are higher than world prices is mainly due to the influence of the USD/VND exchange rate. In addition, the policy of strictly controlling the import of raw gold and focusing on domestic production also limits supply, pushing prices up.

Vietnam is gradually abolishing its monopoly on gold imports, a move that is highly appreciated by experts and is expected to help narrow the price gap with the world. The establishment of a national gold trading floor is also considered an important solution to make prices transparent and create pressure to reduce domestic prices.