Gold price this afternoon, July 12, 2025: Domestic and world gold prices closed the week with a record increase, stemming from the US president's tariff letters
Gold price this afternoon, July 12, 2025: Domestic and world gold prices closed the week with a record increase, reaching the highest levels of the week at 121.5 million and 3,357 USD/Ounce, respectively. The focus of last week came from the tariff letters of US President Donald Trump.
Domestic gold price today 7/12/2025
As of 2:00 p.m. today, the domestic gold price was anchored at 121.5 million VND/tael, the highest price in the past week.
Specifically: at SJC Company, the price of gold bars is currently listed at 119.5 - 121.5 million VND/tael (buy - sell), an increase of 500 thousand VND/tael in both buying and selling compared to the previous session. DOJI Group also recorded a price of 119.5 - 121.5 million VND/tael, an increase of 500 thousand VND/tael in both buying and selling compared to the closing price yesterday.
At Bao Tin Minh Chau, the price of SJC gold bars is listed at 119.5 - 121.5 million VND/tael, an increase of 500 thousand VND/tael in both buying and selling directions compared to the closing price yesterday.
The price of 9999 round gold rings also increased sharply today. At DOJI, Hung Thinh Vuong gold rings were listed at 116 - 119 million VND/tael, an increase of 500 thousand VND/tael in both buying and selling prices compared to yesterday's closing price.
Bao Tin Minh Chau listed the price of gold rings at 116.2-119.2 million VND/tael (buy - sell); the price increased by 500 thousand VND/tael in both buying and selling directions.
The difference between buying and selling prices at DOJI is 3 million VND/tael, and at Bao Tin Minh Chau is 3 million VND/tael.
The latest gold price list today, July 12, 2025 is as follows:
| Gold price today | July 12, 2025 (million dong) | Difference (thousand dong/tael) | ||
| Buy | Sell | Buy | Sell | |
| SJC in Hanoi | 119.5 | 121.5 | +500 | +500 |
| DOJI Group | 119.5 | 121.5 | +500 | +500 |
| Red Eyelashes | 119.5 | 120.8 | -100 | - |
| PNJ | 119.5 | 121.5 | +500 | +500 |
| Bao Tin Minh Chau | 119.5 | 121.5 | +500 | +500 |
| Phu Quy | 118.8 | 121.5 | +500 | +500 |
| 1.DOJI- Updated: 12/7/2025 14:00 - Source website time - ▼/▲ Compared to yesterday. | ||
| Domestic gold price | Buy | Sell |
| AVPL/SJC HN | 119,500▲500K | 121,500▲500K |
| AVPL/SJC HCM | 119,500▲500K | 121,500▲500K |
| AVPL/SJC DN | 119,500▲500K | 121,500▲500K |
| Raw material 9999 - HN | 108,900▲500K | 110,000▲500K |
| Raw material 999 - HN | 108,800▲500K | 109,900▲500K |
| 2.PNJ- Updated: 12/7/2025 14:00 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| SJC 999.9 gold bar | 11,950 | 12,150 |
| PNJ 999.9 Plain Ring | 11,520 | 11,820 |
| Kim Bao Gold 999.9 | 11,520 | 11,820 |
| Gold Phuc Loc Tai 999.9 | 11,520 | 11,820 |
| 999.9 gold jewelry | 11,460 | 11,710 |
| 999 gold jewelry | 11,448 | 11,698 |
| 9920 jewelry gold | 11,376 | 11,626 |
| 99 gold jewelry | 11,353 | 11,603 |
| 750 Gold (18K) | 8,048 | 8,798 |
| 585 Gold (14K) | 6.115 | 6,865 |
| 416 Gold (10K) | 4,136 | 4,886 |
| PNJ Gold - Phoenix | 11,520 | 11,820 |
| 916 Gold (22K) | 10,486 | 10,736 |
| 610 Gold (14.6K) | 6,408 | 7,158 |
| 650 Gold (15.6K) | 6,877 | 7,627 |
| 680 Gold (16.3K) | 7,228 | 7,978 |
| 375 Gold (9K) | 3,656 | 4.406 |
| 333 Gold (8K) | 3.129 | 3,879 |
| 3.SJC- Updated: 12/7/2025 14:00 - Source website time - ▼/▲ Compared to yesterday. | ||
| SJC Gold 1L, 10L, 1KG | 119,500▲500K | 121,500▲500K |
| SJC gold 5 chi | 119,500▲500K | 121,520▲500K |
| SJC gold 0.5 chi, 1 chi, 2 chi | 119,500▲500K | 121,530▲500K |
| SJC 99.99% gold ring 1 chi, 2 chi, 5 chi | 115,000▲500K | 117,500▲500K |
| SJC 99.99% gold ring 0.5 chi, 0.3 chi | 115,000▲500K | 117,600▲500K |
| Jewelry 99.99% | 115,000▲500K | 116,900▲500K |
| Jewelry 99% | 111,242▲495K | 115,742▲495K |
| Jewelry 68% | 72,750▲340K | 79,650▲340K |
| Jewelry 41.7% | 42,002▲208K | 48,902▲208K |
World gold price today 7/12/2025 and world gold price fluctuation chart in the past 24 hours
On the international market, as of 2:00 p.m., the world gold price was listed at 3,357.95 USD/ounce, up 21.01 USD/ounce compared to the beginning of the previous trading session.
World gold prices ended the week in the green zone, up nearly 0.63% on the day and about 0.65% compared to the beginning of the week, trading above $3,350/ounce after US President Donald Trump surprised with a new tax blow in the global trade war.
The market initially panicked ahead of Trump’s July 9 tariff deadline, but has since stabilized. The optimism has pushed the S&P 500 to a record high, making gold less attractive. Although the tariff deadline has been extended to August 1, trade tensions have not eased. Gold prices regained momentum after Trump unexpectedly announced a 50% tariff on imported copper.
The decision sent copper prices on the Comex exchange soaring by a record 13% in a single day. U.S. copper warehouses are filling up as businesses rush to stockpile ahead of the deadline. The spread between New York and London prices has tightened liquidity, pushing copper prices even higher.
According to experts, rising copper prices will exacerbate inflationary pressures, increase economic instability and revive recession fears. This is beneficial for gold - a safe asset in times of uncertainty.
"Gold prices are like the big banks in the financial crisis, too important to fail. Meanwhile, copper and silver prices could be the next targets for tariffs," said Robert Minter of abrdn.
While gold prices are on solid footing, the surge in copper and silver is expected to curb the precious metal’s gains in the short term. “Some of the risk factors supporting gold are losing their grip,” said Callum Thomas of Topdown Charts. “It’s time for other commodities to take over from gold.”
Philip Streible of Blue Line Futures also agreed, seeing more money flowing into commodities. He revealed that he took some profits on gold purchased at $3,244/ounce after the weekend rally.
In addition to competition from commodities, gold prices are also under pressure from expectations of a neutral monetary policy by the US Federal Reserve (Fed). The upcoming June Consumer Price Index (CPI) will be a key factor. The Fed has affirmed that it is not in a hurry to raise interest rates because inflation risks remain high.
Aaron Hill from FP Markets said: "CPI data is the only barrier preventing Trump from putting pressure on the Fed Chairman. If the data is positive, the USD could stabilize and cause gold to move sideways." Ole Hansen from Saxo Bank predicted that gold will find it difficult to repeat the record of 3,500 USD/ounce in April due to lack of short-term momentum.
"The impact of tariffs will slow the economy. Funds are selling while individuals are buying - this will end sooner or later and could create a correction that supports gold. In addition, with high inflation and Trump constantly demanding interest rate cuts, there is no reason to sell gold. The only question is whether these factors are strong enough to create a breakthrough," Mr. Hansen analyzed.
Important economic events next week:
Tuesday: US CPI, Empire State Manufacturing Survey
Wednesday: US PPI
Thursday: US Retail Price Index, Philly Fed Manufacturing Survey, Jobless Claims
Friday: U.S. Home Construction, Preliminary Consumer Confidence Data from University of Michigan
