Update gold price this afternoon August 7, 2025 latest in domestic market
The gold price market today, August 7, 2025, witnessed a general upward trend, especially this afternoon, August 7, 2025, when many major brands simultaneously adjusted their prices.
| Gold price today | ||||
|---|---|---|---|---|
| Buy | Sell | |||
| SJC in Hanoi | 122.7 | ▲400K | 124.1 | ▲300K |
| DOJI Group | 122.7 | ▲500K | 124.1 | ▲500K |
| Red Eyelashes | 123.0 | ▲400K | 124.0 | ▲200K |
| PNJ | 122.7 | ▲400K | 124.1 | ▲300K |
| Vietinbank Gold | 124.1 | ▲300K | ||
| Bao Tin Minh Chau | 122.4 | - | 123.8 | - |
| Phu Quy | 121.2 | - | 123.8 | - |
| SJC in Ca Mau | 122.4 | - | 123.8 | - |
SJC and PNJ gold prices increased sharply by 300,000 VND/tael
The price of SJC gold bars in Hanoi has made a significant breakthrough in this afternoon's trading session, with both buying and selling prices increasing by VND300,000/tael. The new listed prices are VND122.7 million/tael (buying) and VND124.1 million/tael (selling), respectively.
Similarly, PNJ is also not out of the general upward trend of the market, when adjusting the buying price to 122.7 million VND/tael and selling price to 124.1 million VND/tael, an increase of 300,000 VND/tael in both directions.
DOJI Group and Mi Hong also continue to increase
DOJI Group recorded a more impressive increase in buying price, up to 500,000 VND/tael, reaching 122.7 million VND/tael. Meanwhile, the selling price of this brand also increased by 300,000 VND/tael, closing at 124.1 million VND/tael.
At Mi Hong, the buying price increased by VND400,000/tael, to VND123.0 million/tael, while the selling price increased by VND200,000/tael, reaching VND124.0 million/tael.
Vietinbank Gold and other brands
With Vietinbank Gold, the selling price was adjusted up by 300,000 VND/tael, to 124.1 million VND/tael.
Meanwhile, Bao Tin Minh Chau and Phu Quy recorded unchanged prices. Specifically, Bao Tin Minh Chau listed the buying price at 122.4 million VND/tael and the selling price at 123.8 million VND/tael.
Phu Quy maintains the buying price at 121.2 million VND/tael and the selling price at 123.8 million VND/tael.
The price of plain gold rings today, August 7, 2025, is unchanged compared to yesterday.
At 4:00 p.m. on August 7, 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), unchanged in both directions compared to the previous day, with a buy-sell difference of VND 2.5 million/tael.
The price of plain gold rings today, August 7, 2025, has not changed.
Bao Tin Minh Chau kept the price of gold rings at 117.8 million VND/tael (buy) and 120.8 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 116.8 million VND/tael (buy) and 119.8 million VND/tael (sell), an increase of 100,000 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 7, 2025 in Vietnam in detail
Update gold price this afternoon August 7, 2025 latest on the world market
World gold price, at 4:00 p.m. on August 7, 2025 (Vietnam time), the world spot gold price was at 3,380.1 USD/ounce. Today's gold price increased by 11.9 USD. Converted according to the USD exchange rate at Vietcombank (26,420 VND/USD), the world gold price is about 111.9 million VND/tael (excluding taxes and fees). Compared with the domestic SJC gold bar price on the same day (122.7-124.1 million VND/tael), the SJC gold price is currently about 12.2 million higher than the international gold price.
On August 7, 2025, the world gold price increased. The main reason was the new tariff policies of US President Donald Trump, making investors worried and looking to gold as a safe haven.
Gold is considered a "safe" asset because when the economy is unstable, people often buy gold to preserve the value of their assets, instead of investing in riskier channels such as stocks.
The new tariffs imposed by Mr. Trump, ranging from 10% to 50% on goods from many countries, have raised concerns about a trade war. As trade tensions escalate, the global economy could be negatively affected, making gold more attractive.
These moves by Mr. Trump have helped gold move closer to the important psychological level of $3,400, according to a market analyst.
Another factor supporting gold prices is the possibility of the US Federal Reserve cutting interest rates. After weaker-than-expected US employment data, the market is expecting the Fed to cut interest rates next month.
When interest rates are low, holding gold becomes more attractive than saving money to earn interest, because the opportunity cost of holding gold (i.e. the interest that can be earned) is lower. This causes the US dollar to depreciate and indirectly pushes up the price of gold.
In summary, the increase in gold prices today, August 7, 2025, is due to two main factors: global trade tensions from US tax policy and expectations that the Fed will cut interest rates to support the economy. These things increase the demand for gold as a safe asset.
Source: https://baodanang.vn/gia-vang-chieu-nay-7-8-2025-gia-vang-trong-nuoc-pha-dinh-ky-luc-vuot-moc-124-trieu-tang-nua-trieu-dong-3298865.html
![[Photo] Nghe An: Provincial Road 543D seriously eroded due to floods](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2025/8/5/5759d3837c26428799f6d929fa274493)
![[Photo] Discover the "wonder" under the sea of Gia Lai](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2025/8/6/befd4a58bb1245419e86ebe353525f97)
Comment (0)