Gold price on the afternoon of July 8, 2025: SJC DOJI gold, BTMC, and ring gold all increased by half a million VND, but world gold prices decreased.

Domestic gold price today July 8, 2025

As of 5:00 p.m. on July 8, 2025, the domestic gold bar price increased slightly compared to yesterday. Specifically:

DOJI Group listed the price of SJC gold bars at 119-121 million VND/tael (buy - sell), an increase 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 119-121 million VND/tael (buy - sell), an increase 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 119-120.5 million VND/tael for buying and selling. Compared to yesterday, the gold price decreased by 500 thousand VND/tael for buying - unchanged for selling.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 119-121 million VND/tael (buy - sell), the price increased 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 118.3-121 million VND/tael (buy - sell), gold price increased 500 thousand VND/tael in both buying and selling directions compared to yesterday.

As of the afternoon of July 8, 2025, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 115.5-117.5 million VND/tael (buy - sell); the price increased by 500 thousand VND/tael in both buying and selling directions compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 115.7-118.7 million VND/tael (buy - sell); the gold price increased by 500 thousand VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list today, July 8, 2025 is as follows:

World gold price today July 8, 2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 5:00 p.m. on July 8, Vietnam time, was 3,324.5 USD/ounce. Today's gold price increased by 16.68 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,305 VND/USD), the world gold price is about 108.87 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 12.13 million VND/tael higher than the international gold price.

World gold prices fell slightly due to pressure from rising US Treasury yields, in the context of US President Donald Trump announcing new tariff proposals against trade partners, including Japan and South Korea.

Specifically, spot gold prices increased by 0.5%, while US gold futures prices decreased by 0.12% to 3,324.78 USD/ounce. The yield on 10-year US government bonds increased to a two-week high, making gold prices less attractive.

“Gold is caught between a lot of pressures,” said UBS commodities analyst Giovanni Staunovo. On the one hand, the US decision to extend the deadline for trade talks with several partners is putting downward pressure on gold prices. On the other hand, the fact that major US trading partners in Asia may face higher tariffs in the near future is a factor supporting gold prices, as this could dampen economic growth prospects.

This morning (Vietnam time), President Trump announced that 14 countries will be subject to significantly higher tariffs from August 1, marking a new phase in the trade war he initiated in April, with tariffs ranging from 25% to 40%. Mr. Trump emphasized that this new deadline is fixed, but will consider extending it if countries propose trade agreements.

Initially, the reciprocal tariffs were capped at 10% until July 9 to facilitate negotiations, but so far the US has only reached agreements with the UK and Vietnam. In June, Washington and Beijing agreed on a common tariff framework.

Meanwhile, China has warned the Trump administration against reigniting trade tensions and threatened to retaliate against countries that sign deals with the US aimed at cutting China out of its supply chains.

Mr Trump's tariffs have also raised concerns about inflation, making it harder for the Federal Reserve to decide whether to cut interest rates. Investors are waiting for the minutes of the Fed's June meeting, due to be released on Wednesday, for further clues on the direction of monetary policy.

Besides gold, spot silver remained unchanged at $36.72 an ounce, while platinum fell 0.3% to $1,366.25. In contrast, palladium rose 0.5% to $1,116.86.

Gold price forecast

Gold bullion prices have remained high recently as many investors seek gold as a safe haven from global geopolitical and trade tensions. Gold’s appeal has been further reinforced by strong inflows into gold investment funds, along with demand from central banks.

However, experts predict that gold prices may not increase sharply in the short term but will enter a sideways phase, as the market lacks strong enough factors to push prices higher.

Jim Wyckoff, senior market analyst at Kitco, said the gold market is currently in a “sideways and volatile trading phase.” He said that while the price chart still shows a long-term uptrend, buyers need more positive signals to break out of the current trading range.

Wyckoff said the upside potential for gold remains, but investors should keep a close eye on key economic and political developments that could act as catalysts to help gold break out of its current sideways phase and establish a clearer new trend.