Domestic gold ring prices this morning were adjusted up following developments in the world market.

Buy (VND/tael) Increase/decrease Sell (VND/tael) Increase/decrease
SJC 117,100,000 + 300,000 119,600,000 + 300,000
Doji 116,800,000 + 300,000 119,800,000 + 300,000

              SJC and Doji gold ring price list updated on the morning of August 14

Opening the trading session on August 14, the price of SJC 9999 gold increased by 500 thousand VND/tael in both buying and selling compared to the closing price of yesterday's trading session, reaching an unprecedented high, trading at 123.5-
124.7 million VND/tael (buy - sell).

Buy (VND/tael) Increase/decrease Sell (VND/tael) Increase/decrease
SJC HCMC 123,500,000 + 500,000 124,700,000 + 500,000
Doji Hanoi 123,500,000 + 500,000 124,700,000 + 500,000
Doji HCMC 123,500,000 + 500,000 124,700,000 + 500,000

                            SJC and Doji gold bar price list updated on the morning of August 14

World gold prices increased this morning. At 8:43 a.m. today (August 14, Vietnam time), the world spot gold price was at 3,364.2 USD/ounce, up 7.2 USD/ounce compared to last night.

On the morning of August 14 , the world gold price converted to USD bank price was over 108.3 million VND/tael, including tax and fees, about 16.4 million VND/tael lower than the domestic gold price.

As of 8:00 p.m. on August 13 (Vietnam time), the spot gold price today on the international market was at $3,357/ounce. Gold for December 2025 delivery on the Comex New York floor was at $3,410/ounce.

The world gold price on the night of August 13 was about 27.9% higher (equivalent to 732 USD/ounce) than at the end of 2024. The world gold price converted to the bank USD price was 108 million VND/tael, including taxes and fees, about 16.2 million VND/tael lower than the domestic gold price as of the end of the afternoon session on August 13.

Gold prices on the New York floor on the evening of August 13 (Vietnam time) increased quite strongly again, adding about 10 USD in the context of the USD plummeting due to signals that the US Federal Reserve (Fed) will aggressively cut interest rates.

The US dollar has fallen sharply as US President Donald Trump has put unprecedented pressure on Fed Chairman Jerome Powell. On August 12, the White House said that President Trump is considering suing Fed Chairman Jerome Powell because he is unhappy with the cost overrun of the Fed headquarters renovation project, with the accusation that "what should have cost only $50 million to repair" has cost up to $3 billion.

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Domestic gold prices remain close to historic peak. Photo: MH

Trump's statement shows that the tension between him and Fed Chairman Powell is escalating. Previously, Trump continuously pressured the Fed to cut interest rates. Trump even continued to call Powell "slow" and said that "the damage caused by the slow rate cut is immeasurable".

At its meeting at the end of July, the Fed kept its reference interest rate at 4.25-4.5%.

The US dollar immediately fell sharply as investors bet that the Fed would cut interest rates at its September 17 meeting and could continue to cut interest rates aggressively for the rest of 2025 and 2026.

As of 8:30 p.m. on August 13 (Vietnam time), according to signals from the CME FedWatch tool, the market is betting on a 99.9% chance that the Fed will cut interest rates by 0.25 percentage points on September 17 and only a 0.1% chance that the US central bank will keep interest rates at 4.25-4.5%/year.

Gold also tends to rise sharply when the USD and US bond yields fall.

Domestically, gold prices climbed to near historic highs. Specifically, by the end of the trading session on August 13, the price of 9999 gold bars at SJC and Doji was listed at VND123-124.2 million/tael (buy - sell), an increase of VND300,000/tael in both buying and selling compared to the previous session.

SJC announced the price of gold rings of type 1-5 at only 116.8-119.3 million VND/tael (buy - sell), an increase of 300,000 VND/tael. Doji listed the price of 9999 gold rings at 116.5-119.5 million VND/tael (buy - sell), an increase of 200,000 VND/tael for buying but a decrease of 300,000 VND for selling.

Gold Price Forecast

It can be seen that gold is still under profit-taking pressure in the context of the US gradually reaching trade agreements with other countries. However, instability remains.

In addition, the conflict in Ukraine still poses many potential risks. The White House on August 12 lowered expectations for the meeting between US President Donald Trump and Russian President Putin on the possibility of an agreement to end the conflict in Ukraine.

Expectations that the Fed will aggressively cut interest rates after Mr. Trump's statements also pushed gold prices up rapidly.

In the short term, gold remains under profit-taking pressure but benefits from many volatile factors and a USD with a medium- to long-term bearish trend.

Many organizations, including Dutch bank ING, predict that gold will soon reach above $3,400 an ounce. ING believes that gold prices could exceed $3,500 in the first quarter of next year.

Countries continue to increase their gold purchases whenever the price of this metal falls. The level of $ 3,300 / ounce is considered a strong support level for this item.

Polleit said it was no surprise that yields remained high, as investors needed to see a higher reward to offset the increased debt risk. However, he added that he sees a limit to how high the 10-year yield will go; he doesn’t expect it to go above 5%.

In a recent interview with Kitco News, Thorsten Polleit, Professor Emeritus of Economics at the University of Bayreuth and publisher of the BOOM & BUST REPORT publication, said that the Fed is probably hoping that cutting short-term interest rates will also push down long-term interest rates.

“If that doesn’t work, if they don’t get long-term interest rates down, I think it’s very likely that central banks will start buying again,” he said. “As yields come down, you’ll see gold prices continue to rise. There’s a lot of potential and momentum in the gold market right now, and I expect prices to be higher before the end of the year.”

Looking long term, Polleit said he wouldn't be surprised if gold prices double in the next five to 10 years.

SJC gold price surpasses peak amid world decline: What is happening? In April, world gold price was nearly 3,500 USD/ounce, pushing SJC gold bars to a record 124 million/tael. Now world gold has dropped sharply, but SJC still sets a new peak of 124.4 million/tael.
World gold price loses momentum, investors wait for signals from Mr. Trump. World gold price plummets and shows no signs of recovery even though US President Donald Trump announced on social media that gold will not be taxed. Investors wait for official announcement.

Source: https://vietnamnet.vn/gia-vang-hom-nay-14-8-2025-vang-the-gioi-tang-tro-lai-sjc-tru-sat-dinh-lich-su-2431777.html