SJC gold price continues to soar today, surpassing the peak of 129 million VND/tael
In the Hanoi market, the gold price this afternoon, August 29, 2025, of SJC recorded a leap. The buying and selling prices both increased by 800,000 VND/tael, bringing the listed price to 127.8 million VND/tael (buy) and 129.3 million VND/tael (sell).
The latest gold price today, August 28, 2025 at DOJI was adjusted up by VND 800,000/tael in both buying and selling directions, matching the price of SJC at VND 127.8 million/tael (buy) and VND 129.3 million/tael (sell).
PNJ also followed the general trend of the market, with the gold price this afternoon, August 29, 2025, increasing by 800,000 VND/tael for both buying and selling, listed at 127.8 million VND/tael and 129.3 million VND/tael.
Mi Hong has a separate and stronger adjustment in the buying direction. The gold price here increased by 1.2 million VND/tael in the buying direction, up to 128.4 million VND/tael, while the selling direction only increased by 400,000 VND/tael, reaching 128.9 million VND/tael.
Phu Quy also adjusted the selling price up 800,000 VND/tael to 129.3 million VND/tael, while the buying price also increased 800,000 VND/tael to 126.8 million VND/tael.
At Vietinbank Gold, the selling price of gold also increased by VND800,000/tael, reaching VND129.3 million/tael.
At 12:30 on August 29, 2025, the price of DOJI's 9999 Hung Thinh Vuong round gold ring was listed at 120.6 million VND/tael (buy) and 123.6 million VND/tael (sell), an increase of 300 thousand VND/tael in both buying and selling directions compared to the previous day, with a buying - selling difference of 3 million VND/tael.
Bao Tin Minh Chau kept the price of gold rings at 121.2 million VND/tael (buy) and 124.2 million VND/tael (sell), an increase of 900 thousand VND/tael in both directions compared to early this morning, with a difference of 3 million VND/tael.
Phu Quy Group also listed the price of gold rings at 120.7 million VND/tael (buy) and 123.7 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 today August 29, 2025 in Vietnam in detail
| Gold price today | August 29, 2025 (million dong) | Difference (thousand dong/tael) | ||
| Buy | Sell | Buy | Sell | |
| SJC in Hanoi | 127.8 | 129.3 | +800 | +800 |
| DOJI Group | 127.8 | 129.3 | +800 | +800 |
| Red Eyelashes | 128.4 | 128.9 | +1200 | +400 |
| PNJ | 127.8 | 129.3 | +800 | +800 |
| Vietinbank Gold | 129.3 | +800 | ||
| Bao Tin Minh Chau | 127.8 | 129.3 | +800 | +800 |
| Phu Quy | 126.8 | 129.3 | +800 | +800 |
Update on world gold price this afternoon decreased to 3405.9 USD
World gold price, at 2:30 p.m. on August 29, 2025 (Vietnam time), the world spot gold price was at 3,405.9 USD/ounce. Today's gold price decreased by 9.5 USD compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,502 VND/USD), the world gold price is about 113.13 million VND/tael (excluding taxes and fees). Compared to the domestic SJC gold bar price on the same day (127.8-129.3 million VND/tael), the current SJC gold price is about 16.17 million higher than the international gold price.
Gold prices are expected to have a month of growth on August 29 thanks to a weakening US dollar and rising expectations that the Fed will cut interest rates in September.
Spot gold fell 0.2% to $3,411.29 an ounce at 07:04 GMT on profit-taking. However, the precious metal has gained 3.7% this month, hitting its highest since July 23 at $3,423.16 yesterday.
Meanwhile, US gold futures for December delivery fell 0.1% to $3,470.80.
The US dollar has fallen this month, making gold (priced in greenbacks) cheaper for holders of other currencies.
“Precious metals remain a popular choice for investors ahead of what is expected to be a period of loose monetary policy in the US, starting next month,” said Tim Waterer, chief market analyst at KCM Trade.
On Thursday, Fed Governor Christopher Waller reaffirmed his call for cutting short-term borrowing costs in the US, saying he would support a rate cut next month and further reductions over the next three to six months.
Traders are pricing in an 86% chance of the Fed cutting rates by 25 basis points at its policy meeting next month, according to the CME FedWatch Tool.
Gold, a non-yielding asset, typically performs well in low interest rate environments.
Investors are now looking ahead to the release of the US Personal Consumption Expenditures (PCE) Price Index, the Fed's preferred inflation gauge, later in the day for further clues on the central bank's interest rate path.
“If the core PCE index increases steadily at 0.3% for the month, that would keep things on track for the Fed’s expected rate cut,” said Waterer.
Source: https://baodanang.vn/gia-vang-chieu-nay-29-8-2025-gia-vang-sjc-xuyen-thung-noc-vuot-129-trieu-ghi-them-ky-luc-moi-3300671.html
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