Gold price drops after staying flat for 3 days

By Dat Nguyen   July 25, 2025 | 11:30 pm PT
Gold price drops after staying flat for 3 days
A person holds gold jewelry at a shop in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Vietnam gold price fell Saturday morning after remaining steady for three days in a row.

Saigon Jewelry Company gold bar declined by 0.49% to VND121.1 million (US$4,631.87) per tael. Gold ring was unchanged at VND118 million per tael.

Bullion in Vietnam has risen 43.8% so far this year.

Globally gold prices slipped on Friday, weighed down by a stronger U.S. dollar and signs of progress in U.S.-EU trade negotiations that dented safe-haven demand, Reuters reported.

Spot gold fell 0.9% to $3,336.01 per ounce. U.S. gold futures settled 1.1% lower at $3,335.6.

"The Japan deal was significant, and there's hope for a U.S.-EU agreement before the August 1 deadline. That's sapping safe-haven demand as elevated risk appetite drives capital toward risk assets," said Peter Grant, vice president and senior metals strategist at Zaner Metals.

 
 
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