Gold price rises again, central rate sets new peak

(Dan Tri) - Each tael of gold bar increased by 200,000 VND in selling price, up to 120.8 million VND. The central exchange rate is currently listed by the monetary authority at 25,131 VND, the highest level of all time.

At the end of the trading session on July 10, the price of SJC gold bars was listed by large enterprises at 118.8-120.8 million VND/tael (buy - sell), an increase of 200,000 VND each way. The price of plain round rings was listed at 114.2-116.7 million VND/tael (buy - sell), also an increase of 200,000 VND each way compared to before.

Domestic gold prices have increased slightly in line with international developments. The world gold price this morning (Vietnam time) was around 3,324 USD/ounce, up more than 12 USD compared to before.

Gold prices edged up slightly on July 10 as the dollar's rise overshadowed the impact of US President Donald Trump's announcement of a series of new tariffs - a factor that usually boosts demand for safe havens.

Gold prices increased simultaneously in the session of July 10 (Photo: Hai Long).

The dollar index rose 0.2%, putting pressure on gold, which becomes more expensive for foreign investors as the greenback strengthens.

Minutes from the US Federal Reserve's June meeting showed that only a few members supported cutting interest rates this month, while the majority remained concerned about inflation due to the impact of tariffs.

In economic data, the number of applications for unemployment benefits in the US unexpectedly fell, showing that businesses have not yet cut staff aggressively, despite signs of a cooling labor market.

Central exchange rate continues to set new records

The State Bank of Vietnam closed yesterday's session listing the central exchange rate at 25,131 VND, up 12 VND from the previous session, marking a new record high. With a 5% margin compared to the central exchange rate, commercial banks are allowed to buy and sell USD in the range of 23,874-26,387 VND.

The exchange rate at major banks is 25,900-26,290 VND (buy - sell), down 30 VND in both buying and selling. At mid-sized banks, the USD price is 25,890-26,290 VND (buy - sell), down 50 VND in buying and down 30 VND in selling.

On the free market, foreign currency exchange points buy and sell USD around 26,400-26,490 VND (buy - sell), down 20 VND in both buying and selling compared to before.

Juan Perez, trading director at Monex USA (Washington), said the US dollar is benefiting from the belief that, despite the uncertainties from tariff policies, the US economy is still the pillar of global trade.

Source: https://dantri.com.vn/kinh-doanh/gia-vang-tang-tro-lai-ty-gia-trung-tam-lap-dinh-cao-moi-20250711060618846.htm