Gold price this afternoon, July 17, 2025: Against the world trend, gold rings increased slightly

Domestic gold price today 7/17/2025

As of 4:30 p.m. on July 17, 2025, the domestic gold bar price has decreased sharply compared to yesterday. Specifically:

DOJI Group listed the price of SJC gold bars at 118.6-120.6 million VND/tael (buy - sell), a decrease of 500 thousand VND/tael in both buying and selling directions compared to yesterday.

At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 118.6-120.6 million VND/tael (buy - sell), a decrease of 500 thousand VND/tael in both buying and selling directions compared to yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 119.6-120.6 million VND/tael for buying and selling. Compared to yesterday, the gold price decreased by 400 thousand VND/tael for both buying and selling.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by the enterprise at 118.6-120.6 million VND/tael (buy - sell), the price decreased by 500 thousand VND/tael in both buying and selling directions compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 117.9-120.6 million VND/tael (buy - sell), gold price decreased 500 thousand VND/tael in both buying and selling directions compared to yesterday.

As of 4:30 p.m. on July 17, 2025, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 115.6-118.1 million VND/tael (buy - sell); the price remained the same for buying - decreased by 500,000 VND/tael for selling compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 115.3-118.3 million VND/tael (buy - sell); the gold price decreased by 500 thousand VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list today, July 17, 2025 is as follows:

World gold price today July 17, 2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 4:30 p.m. on July 17, Vietnam time, was 3,330.97 USD/ounce. Today's gold price decreased by 9.55 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,320 VND/USD), the world gold price is about 109.14 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 11.08 million VND/tael higher than the international gold price.

World gold prices fell slightly due to pressure from the rising USD and the market easing tension after US President Donald Trump announced that the possibility of him firing Federal Reserve Chairman Jerome Powell was very low.

Specifically, spot gold prices fell 0.4%, while US gold futures fell 0.6% to $3,340.30.

The dollar index (.DXY) rose 0.4% against a basket of currencies, making dollar-priced gold more expensive for investors using other currencies.

Gold prices fell to $3,340 an ounce as the dollar recovered after market concerns about the Fed Chairman's position eased, according to Jigar Trivedi, senior commodity analyst at Reliance Securities.

A source told Reuters earlier that Trump was considering firing Powell. However, the US President said yesterday that he had no plans to do so, although he left the possibility open and continued to criticize the Fed chief for not cutting interest rates.

New data showed the US producer price index (PPI) was unchanged in June, compared with forecasts for a rise, as the impact of import tariffs on goods was offset by weakness in the services sector. Mr. Trivedi said the stable PPI suggests that tariffs may have less of an impact on the economy than initially feared.

On trade, an EU spokesman said Maros Sefcovic, the bloc's trade representative, would travel to Washington for tariff talks and meet with US Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer.

SPDR Gold Trust, the world's largest gold-backed ETF, reported holdings up 0.33% to 950.79 tonnes from 947.64 tonnes the previous session.

Besides gold prices, silver prices fell slightly by 0.2% to $37.87/ounce, platinum fell by 0.6% to $1,408.85 and palladium lost 1.3% to $1,214.53.

Gold Price Forecast

According to assessments from major financial corporations, gold is considered one of the safe investment options after the administration of US President Donald Trump imposed tariffs on the European Union and many other important trading partners.

Currently, gold prices are being torn between two opposing trends. On the one hand, the demand for safe havens is decreasing due to the positive signs of recovery in the US economy. On the other hand, inflationary pressures persist, raising concerns about global economic stability.

This situation makes it difficult for gold prices to break through the important resistance level of $3,400/ounce in the short term. Experts say that to break this level, the market needs more strong impacts from economic or political factors.

Despite the temporary fluctuations, CIBC Bank of Canada maintains its forecast for strong gold prices by the end of the year. According to CIBC experts, the search for safety will continue to be the main factor driving gold prices in the coming period.

CIBC predicts the average price this year will reach about $3,339/ounce, up 19% from its December 2024 forecast.

CIBC also said that although the current price increase has slowed, gold still has the potential to rise again in the second half of the year. Specifically, the bank expects gold prices to reach $3,600/ounce by the end of 2025 and remain stable at this level until 2026.

Ewa Manthey, commodity strategist at ING bank, said that while the long-term outlook for gold remains positive, the market needs new factors to boost prices.

She explained that inflows into ETFs (gold-backed investment funds) have slowed, while net purchases in the futures market have also declined. However, demand for gold from central banks has remained steady, helping to maintain the upward momentum.

According to ING’s monthly report, gold prices have slowed since hitting a record high above $3,500 an ounce in April. However, since the beginning of the year, gold prices have still increased by about 28%, demonstrating the attractiveness of this precious metal in a volatile market context.