Gold price today August 16: Domestic gold price falls from peak, world price ends the week with slight decrease

Domestic gold price today August 16, 2025

As of 4:00 a.m. today, August 16, 2025, the domestic gold bar price decreased slightly compared to yesterday. Specifically:

DOJI Group listed the price of SJC gold bars at 123.5-124.5 million VND/tael (buy - sell), the price remained unchanged in the buying direction - decreased 200 thousand VND/tael in the selling direction compared to yesterday.

At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 123.5-124.5 million VND/tael (buy - sell), a decrease of 200 thousand VND/tael in both buying and selling directions compared to the closing price on August 15 yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 123.8-124.5 million VND/tael for buying and selling. Compared to yesterday, the gold price decreased by 200 thousand VND/tael for both buying and selling.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 123.5-124.5 million VND/tael (buy - sell), a decrease of 200 thousand VND/tael in both buying and selling directions compared to the same period yesterday.

SJC gold price at Phu Quy is traded by businesses at 122.7-124.5 million VND/tael (buy - sell), gold price is unchanged in the buying direction - decreased 200 thousand VND/tael in the selling direction compared to yesterday.

Gold price today August 16: Domestic gold price falls from peak, world price ends the week with slight decrease

As of 4:00 a.m. on August 16, 2025, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 116.5-119.5 million VND/tael (buy - sell); the price decreased by 300 thousand VND/tael in both buying and selling directions compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 116.8-119.8 million VND/tael (buy - sell); down 700 thousand VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list today, August 16, 2025 is as follows:

Gold price today	August 16, 2025 (million dong)		Difference (thousand dong/tael)
Gold price today	Buy	Sell	Buy	Sell
SJC in Hanoi	123.5	124.5	-200	-200
DOJI Group	123.5	124.5	-	-200
Red Eyelashes	123.8	124.5	-200	-200
PNJ	123.5	124.5	-200	-200
Bao Tin Minh Chau	123.5	124.5	-200	-200
Phu Quy	122.7	124.5	-	-200

1. DOJI - Updated: August 16, 2025 04:00 - Source website time - ▼/▲ Compared to yesterday.
AVPL/SJC HN	123,500	124,500 ▼200K
AVPL/SJC HCM	123,500	124,500 ▼200K
AVPL/SJC DN	123,500	124,500 ▼200K
Raw material 9999 - HN	109,300 ▼300K	110,300 ▼300K
Raw material 999 - HN	109,200 ▼300K	110,200 ▼300K

2. PNJ - Updated: August 16, 2025 04:00 - Time of the source website - ▼/▲ Compared to yesterday.
SJC 999.9 gold bar	123,500 ▼200K	124,500 ▼200K
PNJ 999.9 Plain Ring	116,600 ▼200K	119,500 ▼300K
Kim Bao Gold 999.9	116,600 ▼200K	119,500 ▼300K
Gold Phuc Loc Tai 999.9	116,600 ▼200K	119,500 ▼300K
PNJ Gold - Phoenix	116,600 ▼200K	119,500 ▼300K
999.9 gold jewelry	116,100	118,600
999 gold jewelry	115,980	118,480
9920 jewelry gold	115,250	117,750
99 gold jewelry	115,010	117,510
916 Gold (22K)	106,240	108,740
750 Gold (18K)	81,600	89,100
680 Gold (16.3K)	73,300	80,800
650 Gold (15.6K)	69,740	77,240
610 Gold (14.6K)	65,000	72,500
585 Gold (14K)	62,030	69,530
416 Gold (10K)	41,990	49,490
375 Gold (9K)	37,130	44,630
333 Gold (8K)	31,790	39,290

3. SJC - Updated: 8/16/2025 04:00 - Source website time - ▲/▼ Compared to yesterday.
SJC Gold 1L, 10L, 1KG	123,500 ▼200K	124,500 ▼200K
SJC gold 5 chi	123,500 ▼200K	124,520 ▼200K
SJC gold 0.5 chi, 1 chi, 2 chi	123,500 ▼200K	124,530 ▼200K
SJC 99.99% gold ring 1 chi, 2 chi, 5 chi	116,600 ▼200K	119,200 ▼200K
SJC 99.99% gold ring 0.5 chi, 0.3 chi	116,600 ▼200K	119,100 ▼200K
Jewelry 99.99%	116,400 ▼200K	118,200 ▼200K
Jewelry 99%	112,529 ▼198K	117,029 ▼198K
Jewelry 68%	73,334 ▼136K	80,534 ▼136K
Jewelry 41.7%	42,244 ▼83K	49,444 ▼83K

World gold price today August 16, 2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 4:00 a.m. on August 16, Vietnam time, was 3,338.67 USD/ounce. Today's gold price increased by 0.38 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,450 VND/USD), the world gold price is about 106.36 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 18.14 million VND/tael higher than the international gold price.

world-gold-price-bad-usd-today-world-gold-price-bad-usd-chart-live-24-7-08-15-2025_09_31_pm.png

Gold prices edged up slightly but remained down for the week after higher-than-expected inflation data dampened expectations of interest rate cuts. Markets are now focused on an upcoming meeting between US President Donald Trump and his Russian counterpart Vladimir Putin.

Specifically, spot gold prices increased 0.01% but decreased 1.6% for the week. Meanwhile, US gold futures for December delivery increased slightly 0.2% to $3,390.80.

Data released Thursday evening showed U.S. producer prices rose the most in three years in July. Markets now see a 92.6% chance of the Fed cutting interest rates by 25 basis points in September, lower than previously expected. Gold prices fell after the data was released due to the lack of interest rates, with spot gold closing down 0.6%.

Gold prices were steady on Friday but could fall further depending on the outcome of the meeting between Trump and Putin in Alaska, according to Lukman Otunuga, an analyst at FXTM. The two leaders are expected to discuss a ceasefire in Ukraine. Geopolitical uncertainty and low interest rates typically boost demand for gold.

Analysts at ANZ said that macroeconomic and geopolitical risks will increase in the second half of the year, reinforcing gold's appeal as a safe-haven asset. ANZ said the bullish outlook for gold remains supported by rising tariffs, a slowing global economy, looser US monetary policy and continued weakness in the US dollar.

Meanwhile, US retail sales rose sharply in July, but a slowing labor market and high commodity prices could limit consumer spending growth in the third quarter.

Besides gold, spot silver fell 0.4% to $37.85 an ounce and was down more than 1% for the week. Platinum fell 1% to $1,344.14, while palladium fell 2.3% to $1,119.37.

Gold Price Forecast

A series of US economic indicators were released early this morning, having mixed impacts on world gold prices, but overall, gold prices will close the week with a decrease as not many economic data support gold's upward momentum.

Specifically, according to preliminary data from the University of Michigan, the consumer sentiment index in August only reached 58.6 points, lower than the 61.7 in July and below the experts' forecast of 62 points, while inflation expectations increased. This caused gold prices to increase slightly before the market closed at the end of the week.

However, the rally did not last long as the New York Fed's Empire State Manufacturing Index rose to 11.9 points in August, far exceeding experts' forecasts. Along with the US Commerce Department announcing a 0.5% increase in July retail sales, gold prices fell back to $3,338.67/ounce.

Gold prices could see a big move once the market becomes more aware of the U.S. debt problem, according to Ryan McIntyre of Sprott Inc. He pointed out that central banks have been buying gold aggressively since the Russia-Ukraine conflict broke out, creating a solid floor for prices and sending a positive signal to the market.

However, Mohammed Taha of MH Markets noted that inflationary pressures remain, leading many investors to expect interest rates to remain high. This could be a headwind for gold in the short term. However, if inflation persists and leads to a recession, gold will return to its safe-haven status.

Technically, the gold price trend remains positive. If gold breaks the key resistance level of $3,400 an ounce, the next rally could be driven by geopolitical factors rather than economic data, according to Fawad Razaqzada of City Index.

However, he also predicted that gold prices could experience a slight correction in the coming months, especially as the stock market is on a strong uptrend. However, in the long term, factors such as inflation, public debt and geopolitical instability will continue to support gold prices.