Gold price this afternoon August 31: Domestic gold price in August at record high, world gold price increased impressively

Gold price this afternoon August 31, 2025: Domestic gold price in August increased to an unprecedented record high. At the end of the holiday week of September 2, world gold price increased to a record high, close to the 3,450 USD mark.

Domestic gold price this afternoon August 31, 2025

As of 2:00 p.m. this afternoon, August 31, 2025, the domestic gold bar price closed August at an unprecedented peak. Specifically:

DOJI Group listed the price of SJC gold bars at 129.1 - 130.6 million VND/tael (buy - sell), the price remained unchanged in both buying and selling directions compared to yesterday. The gold price increased sharply by 3.5 million VND/tael in buying direction - increased sharply by 4 million VND/tael in selling direction compared to the end of last week.

At the same time, the price of gold bars was listed by Saigon Jewelry Company Limited - SJC at 129.1 - 130.6 million VND/tael (buy - sell), the price remained unchanged in both buying and selling directions compared to the closing price on August 30 yesterday. The gold price increased by 3.5 million VND/tael for buying - increased by 4 million VND/tael for selling compared to the closing price on August 24 last week.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 129.6-130.6 million VND/tael for buying and selling. Compared to yesterday, the gold price remained unchanged in both buying and selling directions. Compared to last week, the gold price increased by 3.6 million VND/tael for buying and increased by 4 million VND/tael for selling.

The price of gold bars at Bao Tin Minh Chau Company Limited is traded by the enterprise at 129.1 - 130.6 million VND/tael (buy - sell), the price remains unchanged in both buying and selling directions compared to the same period yesterday, the price increased by 3 million VND/tael for buying - increased by 4 million VND/tael for selling compared to the same period last week.

The price of SJC gold bars in Phu Quy was traded by businesses at 128.1-130.6 million VND/tael (buying - selling), the gold price remained unchanged in both buying and selling directions compared to yesterday. The gold price increased by 3.5 million VND/tael in buying direction - increased by 4 million VND/tael in selling direction compared to last week.

As of 2:00 p.m. on August 31, 2025, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 122.5-125.5 million VND/tael (buy - sell); unchanged in both buying and selling directions compared to yesterday; increased by 3.7 million VND/tael in both buying and selling directions compared to last week.

Bao Tin Minh Chau listed the price of gold rings at 122.6-125.6 million VND/tael (buy - sell); unchanged in both buying and selling directions compared to yesterday; increased by 3.6 million VND/tael in both buying and selling directions compared to last week.

The latest gold price list this afternoon, August 31, 2025 is as follows:

Gold price this afternoon	August 31, 2025 (million dong)		Difference (thousand dong/tael)
	Buy	Sell	Buy	Sell
SJC in Hanoi	129.1	130.6	-	-
DOJI Group	129.1	130.6	-	-
Red Eyelashes	129.6	130.6	-	-
PNJ	129.1	130.6	-	-
Bao Tin Minh Chau	129.1	130.6	-	-
Phu Quy	128.1	130.6	-	-

1. DOJI - Updated: August 31, 2025 14:00 - Source website time - ▼/▲ Compared to yesterday.
AVPL/SJC HN	129,100	130,600
AVPL/SJC HCM	129,100	130,600
AVPL/SJC DN	129,100	130,600
Raw material 9999 - HN	114,400	115,400
Raw material 999 - HN	114,300	115,300

2. PNJ - Updated: August 31, 2025 14:00 - Time of the source website - ▼/▲ Compared to yesterday.
SJC 999.9 gold bar	129,100	130,600
PNJ 999.9 Plain Ring	122,500	125,400
Kim Bao Gold 999.9	122,500	125,400
Gold Phuc Loc Tai 999.9	122,500	125,400
PNJ Gold - Phoenix	122,500	125,400
999.9 gold jewelry	120,000	122,500
999 gold jewelry	119,880	122,380
9920 jewelry gold	119,120	121,620
99 gold jewelry	118,880	121,380
916 Gold (22K)	109,810	112,310
750 Gold (18K)	84,530	92,030
680 Gold (16.3K)	75,950	83,450
650 Gold (15.6K)	72,280	79,780
610 Gold (14.6K)	67,380	74,880
585 Gold (14K)	64,310	71,810
416 Gold (10K)	43,610	51,110
375 Gold (9K)	38,590	46,090
333 Gold (8K)	33,080	40,580

3. SJC - Updated: August 31, 2025 14:00 - Source website time - ▲/▼ Compared to yesterday.
SJC Gold 1L, 10L, 1KG	129,100	130,600
SJC gold 5 chi	129,100	130,620
SJC gold 0.5 chi, 1 chi, 2 chi	129,100	130,630
SJC 99.99% gold ring 1 chi, 2 chi, 5 chi	122,500	125,100
SJC 99.99% gold ring 0.5 chi, 0.3 chi	122,500	125,000
Jewelry 99.99%	121,500	123,500
Jewelry 99%	117,277	122,277
Jewelry 68%	76,638	84,138
Jewelry 41.7%	44,154	51,654

World gold price this afternoon August 31, 2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 2:00 p.m. on August 31, Vietnam time, was 3,449.37 USD/ounce. The gold price this afternoon remained unchanged compared to yesterday and increased by 81.66 USD/ounce compared to last week. Converted according to the USD exchange rate at Vietcombank (26,502 VND/USD), the world gold price is about 110.2 million VND/tael (excluding taxes and fees). Thus, the price of gold bars is 20.4 million VND/tael higher than the international gold price.

The world gold price this August has increased to a very impressive record, increasing by 86.84 USD/ounce (up 2.42%) compared to July, breaking out strongly to reach the highest level in 4 months. The main reason comes from the fact that the US Central Bank (Fed) will cut interest rates in September.

At the annual conference in Jackson Hole, Fed Chairman Powell said the changing balance of risks to the economy may require an adjustment in monetary policy. He is less concerned about getting inflation back to 2% and is more focused on signs of slowing growth and the labor market.

Inflation data released on Friday also reinforced this view. The core personal consumption expenditures (PCE) index rose 2.9% in the 12 months through July. Despite the rise in inflation, markets are still largely expecting a rate cut next month.

Chris Zaccarelli, chief investment officer at Northlight Asset Management, said the latest inflation data will not deter the Fed from cutting rates. There are two other important inflation reports, PPI and CPI, due September 10-11, but as long as they do not show a sharp rise in inflation, the Fed is almost certain to cut by 0.25%.

In the current environment, Mr. Phillip Streible of Blue Line Futures expects gold prices to continue to rise in the short term. He expects both spot and futures prices to break and close above the $3,500/ounce threshold.

Currently, the price of gold futures for December delivery on the CME exchange is trading at $3,511.50/ounce. According to Mr. Streible, gold is rising sharply because the market is starting to feel the risk of stagflation.

The most important event next week is Friday’s nonfarm payrolls report. Analysts say weak labor market data will continue to support gold prices and reinforce the Fed’s easing cycle. Comerica Bank forecasts a modest increase of 45,000 jobs in August.

In addition to economic factors, politics are also having a strong impact on the market. Geopolitical uncertainty is expected to continue to provide momentum for gold prices. President Donald Trump's continued conflict with the Fed is undermining confidence in the US dollar as a reserve currency, making gold an attractive monetary metal. Trump's new tactic is to shift the focus from Mr. Powell to other members of the Committee, especially Fed Governor Lisa Cook.

While Cook’s case is still pending in US courts, some analysts say the Fed’s independence has been compromised. Naeem Aslam of Zaye Capital Markets said Trump now controls the Fed narrative, which means interest rates will fall and gold prices will rise.

Chantelle Schieven of Capitalight Research expects this conflict to continue to damage the reputation of the USD, and in that environment, no one can predict how high gold prices will go. She believes it is only a matter of time before gold sets new records.

Economic data to watch next week includes: US ISM manufacturing PMI (Tuesday), JOLTS job openings (Wednesday), ADP employment figures, weekly jobless claims and ISM services PMI (Thursday), and finally the non-farm payrolls report (Friday). Note that North American markets will be closed on Monday for Labor Day.

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Source: https://baonghean.vn/gia-vang-chieu-nay-31-8-gia-vang-trong-nuoc-thang-8-cao-ky-luc-vang-the-gioi-tang-an-tuong-10305596.html