On July 19, 2026, the gold market in Vietnam experienced a notable decline, with investors suffering losses of up to 5.8 million VND per ounce after a week of trading. The SJC gold price closed at 144.5-147.5 million VND per ounce, marking a drop of 2.4 million VND compared to the previous week's closing price.

The significant difference between buying and selling prices has heavily impacted domestic buyers, particularly those engaged in short-term trading. For instance, both SJC and DOJI gold companies reported similar pricing, with a purchase and sale gap of 3 million VND per ounce.

In addition to SJC gold, the price for 9999 gold rings also saw a decline. DOJI listed its prices at 143.3-147.3 million VND per ounce, down by 1.7 million VND, while Phu Quy Gold and Silver Group offered prices at 143-146.5 million VND per ounce, reflecting a decrease of 2.3 million VND.

Globally, gold prices closed at 4,017.3 USD per ounce, down by 102.1 USD from the previous week. Despite a recovery above the psychological threshold of 4,000 USD, the short-term outlook for gold remains cautious. Factors such as improving consumer sentiment in the U.S. and stable economic indicators suggest that the Federal Reserve may not adjust its monetary policy soon, which adds pressure to gold prices.

Looking ahead, the market will be attentive to upcoming economic data, including the European Central Bank's interest rate decision and U.S. unemployment claims. Additionally, geopolitical tensions and oil prices could further influence gold's market dynamics.