Gold price today August 5: All increased, approaching record level

Domestic and international gold prices have increased simultaneously. SJC gold bars are approaching the record high set this year at VND124.4 million/tael.

Saigon Jewelry Company - SJC increased each tael of gold bar by 500,000 VND, buying to 122.2 million VND, selling to 123.6 million VND. Phu Quy Company increased the price of SJC gold bars by 700,000 VND, buying to 121.2 million VND; selling to 500,000 VND, up to 123.8 million VND. Mi Hong Company increased the price of gold by 300,000 VND, up to 122.6 million VND; selling to 500,000 VND, up to 123.8 million VND... The price of SJC gold bars is 600,000 VND/tael away from the record high.

Gold rings increased by 300,000 - 500,000 VND per tael. Phu Quy Company bought 116.3 million VND, sold 119.3 million VND. Doji Group bought 117.5 million VND, sold 120 million VND. SJC Company bought 116.8 million VND, sold 119.4 million VND...

SJC gold bar price increases to nearly record high. PHOTO: NGOC THACH

World gold prices increased by 6 USD per ounce, to 3,381 USD. In the US trading session (night of August 4), gold prices increased sharply from 3,354 USD to 3,383 USD. Gold increased sharply when the market expected the US Federal Reserve (Fed) to cut interest rates in September. After the US economic report data, especially the labor market, was quite pessimistic, US President Donald Trump fired the head of the employment statistics agency. Mr. Trump said he would announce a new Fed Chairman and a new employment data statistician of the Bureau of Labor Statistics in the coming days.

Despite the upward trend, gold was strongly competed by stocks, reducing the increase of gold and silver. At the end of the trading session on August 4, the Dow Jones index increased by 585.06 points (equivalent to 1.34%) to 44,173.64 points, erasing the sharp decline in the session on August 1. The S&P 500 index increased by 1.47% to 6,329.94 points, ending a streak of 4 consecutive declines and recording the best increase since May 2025. The Nasdaq Composite index added 1.95% to 21,053.58 points./.

According to Thanh Nien Newspaper

Source: https://thanhnien.vn/gia-vang-hom-nay-582025-dong-loat-tang-tien-sat-den-muc-ki-luc-185250805084444224.htm

Source: https://baolongan.vn/gia-vang-hom-nay-05-8-dong-loat-tang-tien-sat-den-muc-ky-luc-a200126.html