Gold price today July 16, 2025: Domestic and world gold prices need momentum to exceed 3,400 USD

Gold pricedomestic today 7/16/2025

As of 4:30 a.m. on July 16, 2025, the domestic gold bar price is based on the closing price yesterday, July 15. Specifically:

DOJI Group listed the price of SJC gold bars at 119.1-121.1 million VND/tael (buy - sell), a decrease of 400 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 119.1-121.1 million VND/tael (buy - sell), a decrease of 400 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 120-121 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 500 thousand VND/tael for buying and remained unchanged for selling.

SJC gold price at Bao Tin Minh Chau Company Limited was traded by the enterprise at 119.1-121.1 million VND/tael (buy - sell), a decrease of 400 thousand VND/tael in both buying and selling directions compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 118.4-121.1 million VND/tael (buying - selling), gold price decreased 400 thousand VND/tael in both buying and selling directions compared to yesterday.

As of 4:30 a.m. on July 16, 2025, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 115.6-118.6 million VND/tael (buy - sell); the price decreased by 400,000 VND/tael in both buying and selling directions compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 115.8-118.8 million VND/tael (buy - sell); the gold price decreased by 400 thousand VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list today, July 16, 2025 is as follows:

World gold price today July 16, 2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 4:30 a.m. on July 16, Vietnam time, was 3,346.87 USD/ounce. Today's gold price decreased by 4.74 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,310 VND/USD), the world gold price is about 109.63 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 11.47 million VND/tael higher than the international gold price.

World gold prices fell slightly as investors closely watched developments on tariffs, while inflation reports showed the US consumer price index (CPI) rose slightly last month, in line with market expectations.

Specifically, spot gold prices fell 0.14% immediately after the report on the US CPI index for June. Gold futures in the US also fell 0.4%, down to 3,345 USD/ounce. The USD increased slightly by 0.2%, making gold more expensive for investors using other currencies.

"The market is still focused on tariffs, which is supporting gold," said Peter Grant, vice president and senior metals strategist at Zaner Metals. "I remain bullish on gold, although it is currently trading in the range it has been trading in since mid-May."

Last weekend, US President Donald Trump threatened to impose higher tariffs on goods imported from the European Union and Mexico, including a 30% tariff.

Data released today showed that the US CPI rose 0.3% last month, in line with forecasts and up from May's 0.1% increase. This was the strongest increase since January. Following this report, traders still expect the Federal Reserve (Fed) to start cutting short-term interest rates in September.

"In fact, gold should have been stronger. This reinforces the view that we need a new factor to push gold above $3,400," said Tai Wong, an independent metals trader.

Investors will be looking ahead to Wednesday’s U.S. producer price index (PPI) data for further clues. Gold is often seen as a safe haven asset during times of economic or geopolitical uncertainty. It also tends to rise in low-interest-rate environments because it does not offer the same yield as other investments.

Spot silver prices fell 0.4% to $37.98 an ounce,platinum priceup 1.4% to $1,382.57, while palladium rose 0.6% to $1,200.50.

Gold price forecast

Technically, the bulls still have the short-term advantage in the August gold futures market. Their next target is to push the closing price above the strong resistance at $3,400. Meanwhile, the bears are aiming to push the price below the important technical support at the June low of $3,250.50.

The immediate resistance is at this week's high of $3,389.30, followed by $3,400. The first support is at this week's low of $3,348.50, followed by $3,325. The Wyckoff Market Rating Index is currently at 7.0, suggesting that the uptrend remains dominant.

Gold prices may struggle to sustain gains amid persistently high inflation pressures, which could force the Federal Reserve to maintain a neutral monetary policy rather than cut interest rates. Experts say that while gold is well supported around $3,300, it needs more momentum to break above $3,400 and approach the record high reached in April.

After many days of maintaining at a high level, the domestic gold price has fallen below the highest price in about a month. This decline coincided with the downward trend of the world gold price. The market is currently quite quiet as investors are waiting for the management policy of SJC gold bars according to new regulations from the management agency.

According to the second half of 2025 strategy report from SSI Securities Company, the State Bank's announcement of the draft amendment to Decree 24/2012/ND-CP on the management of gold trading activities is considered an important step forward. This change is aimed atliberalization of the gold market, opening up opportunities for private businesses and financial institutions to participate more deeply in this field.

SSI experts said gold businesses could benefit from licensing to import raw materials and produce gold bars. However, small gold shops may have difficulty meeting the new licensing conditions.

In the short term, gold prices may be pressured by a stronger US dollar and tough trade policies. However, analysts remain optimistic about the long-term outlook as demand from central banks is expected to support prices, especially in the context of many important economic data to be released.

US economic data scheduled for release on Wednesday (Vietnam time) includes the weekly Johnson Redbook retail sales report, the Empire State manufacturing survey and real income figures. These indicators may impact the world gold price in the short term today.