Gold price today July 31, 2025: Domestic and world gold prices fall to the dangerous zone of 3000 USD

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Gold price closing date July 31, 2025: Domestic and world gold prices both decreased after the FED's tough decision

Domestic gold price today 7/31/2025

As of 4:30 a.m. today, July 31, 2025, the domestic gold bar price increased slightly. Specifically:

DOJI Group listed the price of SJC gold bars at 120-121.5 million VND/tael (buy - sell), an increase of 300 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 120-121.5 million VND/tael (buy - sell), an increase of 300 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 120.7-121.5 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 500 thousand VND/tael for buying and 300 thousand VND/tael for selling.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 120-121.5 million VND/tael (buy - sell), the price increased by 300 thousand VND/tael in both buying and selling directions compared to yesterday.

SJC gold price at Phu Quy is traded by businesses at 119.5-121.5 million VND/tael (buy - sell), gold price increased 300 thousand VND/tael in both buying and selling directions compared to yesterday.

As of 4:30 a.m. on July 31, 2025, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 116.1-118.6 million VND/tael (buy - sell); the price increased by 200,000 VND/tael in both buying and selling directions compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 116.3-119.3 million VND/tael (buy - sell); unchanged in both buying and selling directions compared to yesterday.

The latest gold price list today, July 31, 2025 is as follows:

World gold price today July 31, 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 31, Vietnam time, was 3,306.26 USD/ounce. Today's gold price decreased by 11.76 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,400 VND/USD), the world gold price is about 108.64 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 12.86 million VND/tael higher than the international gold price.

World gold prices fell sharply after a series of positive US economic data reinforced expectations that the Federal Reserve (Fed) will keep interest rates unchanged at its upcoming meeting. This also reduced the possibility of the Fed cutting interest rates this year.

Specifically, spot gold prices fell 0.35% to the dangerous zone of 3,000 USD/ounce. US gold futures also fell 0.6% to 3,303.40 USD.

Nitesh Shah, commodity strategist at WisdomTree, said the economic data has been positive lately. Second-quarter GDP growth came in at 3%, beating the 2.4% forecast. The private employment report was also better than expected. These factors give the Fed more reason to delay rate cuts.

The US economy had a strong second quarter with GDP growth of 3%, completely erasing the 0.5% decline since the beginning of the year. This figure far exceeded the 2.5% forecast by experts, helping to reduce concerns about an economic recession. This also reduced the demand for gold as a safe-haven asset.

The latest data from ADP shows that the US labor market is still doing well as the private sector created more jobs than expected in July. Specifically, there were 104,000 new jobs created, far exceeding the forecast of 77,000. The June figure was also revised more positively, recording only 23,000 job losses instead of 33,000 as initially reported.

The gold market is facing strong selling pressure as many central banks pause their rate-cutting cycles. Recently, the Bank of Canada (BoC) decided to keep interest rates unchanged as expected by the market. The decline in gold prices reflects cautious sentiment as central banks stop stimulating their economies. However, the prospect of low interest rates and trade risks could still support gold prices in the long term.

The Fed is expected to keep interest rates unchanged at its meeting, despite repeated calls from President Donald Trump for a cut. Markets now see a 60% chance of a rate cut in September, down slightly from 66% before the economic data.

Investors are looking to Fed Chairman Jerome Powell for clues on the timing and direction of monetary policy. Shah said the more government pressure on Fed policy, the more gold prices are likely to rise. Gold typically benefits when interest rates are low or during periods of uncertainty.

Besides gold prices, prices of other precious metals also decreased: silver decreased 1.5% to 37.61 USD/ounce, platinum decreased 1.1% to 1,380.25 USD, and palladium decreased 0.5% to 1,251.88 USD.

Gold Price Forecast

Gold prices are currently holding steady above $3,300 an ounce, but are struggling to gain further ground as recent trade deals between the U.S., Japan and Europe have eased trade war concerns, prompting many investors to turn away from gold as a safe haven.

Geopolitical hotspots such as the Middle East, India-Pakistan or Thailand-Cambodia have also recently calmed down. As conflicts cool down, the demand for safe assets such as gold also weakens. This is one of the reasons why gold prices are unlikely to increase sharply during this time.

According to Peter Grant, senior strategist at Zaner Metals, the market is expecting the Fed to cut interest rates by about 0.5% between now and the end of the year, possibly starting in October. However, if more Fed members support easing monetary policy, the first cut could come as early as September. This is an important factor that could push gold prices up again, because gold often benefits from low interest rates.

Despite the market optimism, Fawad Razaqzada, an analyst at City Index and FOREX.com, said the risk of a breakdown in trade talks remains, which is why many investors are still holding onto gold as a hedge.

Trade deals tend to strengthen the US dollar, making gold less attractive, but gold prices have not fallen too much because there are still doubts about the feasibility of these deals, said Edward Meir of Marex.

According to Mr. Carsten Menke, an expert at Julius Baer, ​​the market is in the accumulation phase and needs a strong impetus to restart the upward momentum. At the same time, central banks are playing an important role in supporting gold prices thanks to the trend of diversifying reserves and reducing dependence on the USD.

China is a prime example, having increased its gold reserves for eight consecutive months. A survey by the European Central Bank (ECB) also found that nearly 40% of central banks cited geopolitical risks as the main reason for holding gold.

Experts from Commerzbank (Germany) believe that gold prices will continue to fluctuate within a narrow range until the Fed gives a clearer signal about the path of interest rate reduction.

The market is now awaiting the outcome of the Fed's two-day policy meeting. If the Fed makes any moves that indicate a trend towards monetary easing, gold prices may receive positive support.