Update gold price today 8/5/2025 latest in domestic market
The domestic precious metal market on August 5, 2025 recorded a strong upward trend, especially in major brands. The buying and selling prices were adjusted to increase significantly.
SJC and DOJI gold accelerate together, breaking all records
In Hanoi , SJC gold price had an impressive breakthrough session. The buying price was listed at 122.2 million VND/tael, an increase of 500 thousand VND/tael compared to the previous session. At the same time, the selling price also reached 123.8 million VND/tael, an increase of 500 thousand VND/tael.
Not out of the general trend, DOJI Group also recorded a strong increase in price. The buying and selling price of gold at DOJI increased by 500 thousand VND/tael, bringing the listed price to 122.2 million VND/tael (buy) and 123.8 million VND/tael (sell).
The market is bustling with a series of gold brands simultaneously increasing in price.
The buying price of Mi Hong increased by 400 thousand VND/tael, to 122.6 million VND/tael. Meanwhile, the selling price increased more strongly, reaching 600 thousand VND/tael to reach 123.8 million VND/tael.
PNJ also continued to increase, with the price of gold bars adjusted up by 500 thousand VND/tael in both buying and selling directions. Currently, PNJ's buying price is 122.2 million VND/tael and the selling price is 123.8 million VND/tael.
With Vietinbank Gold, the selling price recorded significant growth. The selling price of Vietinbank Gold increased by 500 thousand VND/tael, up to 123.8 million VND/tael.
Bao Tin Minh Chau is no exception to today's strong price increase. Both buying and selling prices increased by VND500,000/tael, bringing the listed price to VND122.2 million/tael (buy) and VND123.8 million/tael (sell).
Phu Quy attracted attention with the strongest increase in buying price. Phu Quy's buying price increased by 700 thousand VND/tael, reaching 121.2 million VND/tael. Meanwhile, the selling price increased by 500 thousand VND/tael, reaching 123.8 million VND/tael.
The price of plain gold rings today, August 5, 2025, maintained an increase of half a million VND.
At 6:00 p.m. on August 5, 2025, the price of DOJI's 9999 Hung Thinh Vuong round gold ring was listed at VND 117.5 million/tael (buy) and VND 120.0 million/tael (sell), an increase of VND 500,000/tael in both directions compared to the previous day, with a buy-sell difference of VND 2.5 million/tael.
Plain gold rings are not inferior, prices increase "shockingly"
Bao Tin Minh Chau kept the price of gold rings at 117.2 million VND/tael (buy) and 120.2 million VND/tael (sell), no new changes compared to early this morning, with a difference of 3 million VND/tael.
Phu Quy Group also listed the price of gold rings at 116.7 million VND/tael (buy) and 119.7 million VND/tael (sell), an increase of 700 thousand VND/tael in both directions compared to yesterday, with a difference of 3 million VND/tael between buying and selling.
Gold price list this afternoon August 5, 2025 in the country in detail
Update gold price this afternoon August 5, 2025 latest on the world market
World gold price, at 5:25 p.m. on August 5, 2025 (Vietnam time), the world spot gold price was at 3,356.2 USD/ounce. Today's gold price decreased by 17.10 USD. Converted according to the USD exchange rate at Vietcombank (26,370 VND/USD), world gold is priced at about 111.05 million VND/tael (excluding taxes and fees). Compared with the domestic SJC gold bar price on the same day (122.2-123.8 million VND/tael), the current SJC gold price is about 12.75 million higher than the international gold price.
Today, June 5, 2025, the price of gold on the world market is showing signs of a slight decline due to the strengthening of the US dollar. However, the price of gold is still at its highest level in the past two weeks, because the market is increasingly confident that the US Federal Reserve (Fed) will cut interest rates in September.
Spot gold fell 0.2% to $3,365.45 an ounce, after hitting its highest since July 24 at $3,385.29 on Monday. U.S. gold futures were flat at $3,423.20. The dollar's 0.2% rise from a one-week low also made gold less attractive to holders of other currencies.
Confidence in a rate cut was bolstered after U.S. economic data released Friday showed slower-than-expected job creation in July. The May and June jobs figures were revised down by 258,000 jobs. The CME FedWatch tool showed the probability of a rate cut in September rose to nearly 88%, up from 63% a week ago.
For gold to move higher, more weak U.S. economic data is needed, said Giovanni Staunovo, a commodities analyst at UBS. Another factor the gold market is watching is who President Trump will appoint as the next Fed governor, a possible successor to Chairman Jerome Powell.
Gold is currently at a delicate level, with OANDA warning that unless there is a clear catalyst, it is unlikely to break above $3,450. Gold has long been considered a safe haven in times of political and economic uncertainty, and has typically performed well in low-interest-rate environments.
In addition to gold, other precious metals also saw fluctuations. Spot silver rose 0.2% to $37.46 an ounce, while platinum fell 1.3% to $1,312.30 and palladium fell 1.6% to $1,187.04.
News, gold price forecast tomorrow 8/6/2025
Domestic gold prices on August 6, 2025 are forecast to be mainly affected by developments in the world market. Although international gold prices have slightly decreased, the macroeconomic context is creating complex factors, forcing investors to closely monitor.
One of the biggest factors influencing gold prices is the monetary policy of the US Federal Reserve (Fed). Recent weak US employment data has increased expectations of an interest rate cut in September.
If this expectation is reinforced by upcoming economic data, gold will benefit. Low interest rates reduce the attractiveness of other investment channels such as bonds, while enhancing gold's role as a safe haven.
In addition, political instability and statements from the US government are also factors that cannot be ignored. President Donald Trump's dismissal of the head of the Bureau of Labor Statistics and the announcement of new personnel for the position of Fed Governor have caused much speculation. These moves may make the market worry about the possibility of political interference in economic policy, thereby stimulating the demand for safe haven gold.
Finally, fluctuations in the US dollar (USD) will also have a direct impact on gold prices. As the USD strengthens, gold becomes more expensive for buyers using other currencies, putting downward pressure on prices.
However, if the USD weakens, gold has a chance to increase in price. It should be noted that the domestic gold price is currently 12.75 million VND/tael higher than the world price, a large difference that can affect the trading psychology and decisions of domestic investors.
Source: https://baodanang.vn/du-bao-gia-vang-ngay-mai-6-8-2025-vang-co-cham-dinh-124-trieu-khi-lai-suat-fed-giam-dong-usd-chao-dao-3298703.html
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