Latest gold price update for this afternoon, August 11, 2025, in the domestic market.
The domestic gold market shows no signs of recovery. According to the latest gold price update this afternoon, August 11, 2025, the price of SJC gold bars and DOJI gold continues its sharp downward trend, pulling the market below the 124 million VND/ounce mark.
| Gold price today | ||||
|---|---|---|---|---|
| Buy | Sell | |||
| SJC in Hanoi | 122.7 | ▼500K | 123.9 | ▼500K |
| DOJI Group | 122.7 | ▼500K | 123.9 | ▼500K |
| Mi Hong | 123.0 | ▼600K | 123.9 | ▼500K |
| PNJ | 122.7 | ▼500K | 123.9 | ▼500K |
| Vietinbank Gold | 123.9 | ▼500K | ||
| Bao Tin Minh Chau | 122.7 | ▼500K | 123.9 | ▼500K |
| Phu Quy | 121.9 | ▼300K | 123.9 | ▼500K |
The price of SJC and DOJI gold is no longer holding above 124 million VND/ounce.
After several sessions anchored at record highs, the prices of SJC and PNJ gold have reversed sharply downwards. Specifically, Saigon Jewelry Company (SJC) listed the price of gold bars at 122.7 million VND/ounce (buying price) and 123.9 million VND/ounce (selling price), a decrease of 500,000 VND/ounce in both directions.
Today, August 11, 2025, the price of gold at DOJI Group also recorded a similar decrease. DOJI's gold bar price is listed at 122.7 million VND/ounce (buying price) and 123.9 million VND/ounce (selling price), a decrease of 500,000 VND/ounce in both buying and selling prices.
Gold prices at other brands also plummeted simultaneously.
Similarly, at PNJ, the price of gold bars was also adjusted to 122.7 million VND/ounce (buying price) and 123.9 million VND/ounce (selling price), a decrease of 500,000 VND/ounce for both.
At Bao Tin Minh Chau, the same price reduction was applied, pushing the price of gold bars down to 122.7 million VND/ounce (buying price) and 123.9 million VND/ounce (selling price), a decrease of 500,000 VND/ounce.
At Mi Hong specifically, the buying price saw a more significant drop, reaching 123.0 million VND/ounce (buying price), a decrease of 600,000 VND/ounce. However, the selling price decreased less sharply, to only 123.9 million VND/ounce, a decrease of 500,000 VND/ounce.
Meanwhile, in Phu Quy, the buying price decreased by 300,000 VND/ounce to 121.9 million VND/ounce, but the selling price dropped by as much as 500,000 VND/ounce to 123.9 million VND/ounce.
The price of plain 9999 gold rings decreased by nearly one million today, August 11, 2025.
At 4:00 PM on August 11, 2025, the price of 9999 Hung Thinh Vuong gold rings from DOJI was listed at 117.0 million VND/ounce (buy) and 119.5 million VND/ounce (sell), a decrease of 500,000 VND/ounce in both directions compared to the previous day, with a buy-sell spread of 2.5 million VND/ounce.
The price of plain gold rings decreased slightly today, August 11, 2025.
Bao Tin Minh Chau maintained the price of gold rings at 117.8 million VND/ounce (buying) and 120.8 million VND/ounce (selling), unchanged from the beginning of the morning, with a difference of 3 million VND/ounce.
Phu Quy Group also listed the price of gold rings at 116.7 million VND/ounce (buying) and 119.7 million VND/ounce (selling), a decrease of 300,000 VND/ounce in both directions compared to yesterday, with a buy-sell spread of 3 million VND/ounce.
Detailed gold price chart for the domestic market this afternoon, August 11, 2025.
Latest update on world gold prices this afternoon, August 11, 2025.
At 4:00 PM on August 11, 2025 (Vietnam time), the spot price of gold was $3376.9 USD/ounce. Today's price decreased by $20.7 USD. Converted using the USD exchange rate at Vietcombank (26,400 VND/USD), the world gold price is approximately 111.78 million VND/ounce (excluding taxes and fees). Compared to the domestic SJC gold bar price on the same day (122.7-123.9 million VND/ounce), the current SJC gold price is about 12.12 million VND higher than the international gold price.
Gold prices on the international market are falling by about 1% in today's trading session, after peaking at the end of last week. Currently, the spot gold price is at $3,363.31/ounce, while US gold futures contracts are also down 2%, to $3,423.10/ounce.
The main reason for this decline is that the market is focusing its attention on two upcoming key events: the US-Russia negotiations on the conflict in Ukraine, and the US July inflation data.
According to experts, the easing of geopolitical tensions has reduced the appeal of gold as a safe haven. Specifically, US President Donald Trump recently announced he will meet with Russian President Vladimir Putin on August 15th to negotiate an end to the conflict. This information has eased investor concerns and shifted towards riskier assets.
Another factor strongly influencing gold prices is the Fed's interest rate policy. US inflation data, expected to be released tomorrow, will be key to determining the central bank's next move.
If inflation is higher than expected, the US dollar could appreciate, putting pressure on gold prices. However, some experts believe that even if prices fall, gold will still be supported by bargain-hunting sentiment among investors.
Previously, the lackluster US jobs report fueled expectations that the Fed would cut interest rates in September, with a probability of up to 90%. Gold typically thrives in low-interest-rate environments because it doesn't yield returns like other assets. Therefore, this expectation will continue to support gold prices in the long term.
In addition, trade negotiations between the US and China are also being closely watched, as the deadline for an agreement approaches. Market uncertainty could also impact the price of this precious metal.
Source: https://baodanang.vn/gia-vang-chieu-nay-11-8-2025-gia-vang-trong-nuoc-chua-phuc-hoi-ngap-trong-sac-do-3299138.html
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