Gold price this afternoon, July 28, 2025: Domestic gold price is nearly 12 million VND higher than world gold price

Domestic gold price today July 28, 2025

As of 4:30 p.m. on July 28, 2025, the domestic gold bar price was stable. Specifically:

DOJI Group listed the price of SJC gold bars at 119.6-121.1 million VND/tael (buy - sell), the price remained unchanged 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 119.6-121.1 million VND/tael (buy - sell), the price remained unchanged 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 120.3-121.1 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 100 thousand VND/tael for both buying and selling.

SJC gold price at Bao Tin Minh Chau Company Limited was traded by the enterprise at 119.6-121.1 million VND/tael (buy - sell), the price remained unchanged in both buying and selling directions compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 118.8-121.1 million VND/tael (buy - sell), gold price remains unchanged in both buying and selling directions compared to yesterday.

As of the afternoon of July 28, 2025, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 116-118.5 million VND/tael (buy - sell); the price remained unchanged in both buying and selling directions compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 116.2-119.2 million VND/tael (buy - sell); unchanged in both buying and selling directions compared to yesterday.

The latest gold price list today, July 28, 2025 is as follows:

World gold price today July 28, 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 28, Vietnam time, was 3,336.55 USD/ounce. Today's gold price decreased by 1.81 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,360 VND/USD), the world gold price is about 109.49 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 11.61 million VND/tael higher than the international gold price.

Gold prices traded sideways as gains were capped by positive market sentiment after the US and the European Union (EU) reached a trade deal. Meanwhile, investors are awaiting the US Federal Reserve's policy meeting later this week.

Specifically, the spot gold price remained unchanged at 3,336.55 USD/ounce, after hitting its lowest level since July 17. The gold futures price in the US also remained unchanged, standing at 3,336.3 USD/ounce.

The United States and the European Union reached a framework trade deal on Sunday that would see the United States impose a 15 percent import tariff on most EU goods, half the rate previously expected, and avoid a trade war between the two major regions.

Risk sentiment in financial markets increased as European stocks rose to a four-month high, led by the auto and pharmaceutical sectors. Meanwhile, the US and China will also resume trade talks in Stockholm, with the world's two largest economies expected to extend a 90-day trade truce.

According to UBS commodities analyst Giovanni Staunovo, there are two counterbalancing factors keeping gold prices in balance. The US-EU deal reduces demand for safe-haven assets like gold. It also reduces inflation risks for the Fed, allowing them to cut interest rates later in the year, which is usually good for gold.

The Fed is expected to keep its benchmark interest rate unchanged in the range of 4.25%-4.50% after its two-day policy meeting ending on Wednesday. However, the market still expects a rate cut in September.

US President Donald Trump said he had a positive meeting with Federal Reserve Chairman Jerome Powell, suggesting the Fed could cut interest rates. Gold prices tend to rise in a low-interest-rate environment.

On the other side of gold prices, spot silver prices edged up 0.3% to $38.23 an ounce, while platinum held steady at $1,402.48. Palladium rose sharply by 2% to $1,244.73 an ounce.

Gold price forecast

According to a survey from Kitco News, only 14% of experts believe gold will increase this week, while 36% predict a decrease and 50% think prices will remain unchanged.

Marc Chandler, CEO of Bannockburn Global Forex, said gold is struggling to break through key resistance levels, paving the way for further declines. He predicted that if gold breaks the $3,321.50 level, it could plunge to $3,309, or even below $3,300, and continue to fall to $3,250.

Michael Moor, founder of Moor Analytics, also pointed out that short-term technical signals are signaling a reversal. Similarly, expert Alex Kuptsikevich of FxPro warned that if gold fails to hold above $3,450, the risk of a drop to $3,150 or lower is very clear.

Despite the buoyant stock market, gold prices are now less than 5% below their April record high. Aakash Doshi, head of gold strategy at State Street Global Advisors, said gold remains supported by solid fundamentals, creating an attractive buying opportunity.

He is optimistic about the upside in August, especially if the Fed signals easing at the Jackson Hole conference. A change in the Fed’s stance could send gold prices higher.

Christian Magoon, CEO of Amplify ETFs, said successful US trade deals could boost industrial production, which would boost demand for silver, a metal widely used in electronics and renewable energy. This would support the price of silver and related metals, adding to traditional investment demand.

According to Reuters, despite the short-term correction, gold is still in a long-term uptrend. HSBC believes that if the price falls to $3,000, institutional investors will increase their buying. Central banks and large funds still consider gold as an asset to hedge against inflation and geopolitical risks.

In the context that gold prices may continue to move sideways or decrease slightly, experts advise investors to be patient, taking advantage of the declines to buy with a long-term vision. Gold remains a safe haven in a volatile market, and each correction opens up accumulation opportunities for those who know how to wait.