Gold price today (August 16): Slight decrease

Domestic gold bar price today

Gold bar price Domestic prices slightly decreased by 200,000 VND/tael in both buying and selling directions compared to yesterday morning.

Specifically, DOJI brand gold bars decreased by 200,000 VND/tael in selling price compared to yesterday morning, trading at 123.5-124.5 million VND/tael (buy-sell).

Gold bars of SJC, Bao Tin Minh Chau and PNJ brands were bought at 123.5 million VND/tael, sold at 124.5 million VND/tael, down 200,000 VND/tael in both buying and selling directions.

Particularly, Phu Quy SJC brand gold bars are being bought at a price 800,000 VND lower than other brands. Phu Quy gold bars are bought at 122.7 million VND/tael, stable compared to yesterday morning; sold at 124.5 million VND/tael, down 200,000 VND/tael.

Domestic gold bar prices updated on the morning of August 16 as follows:

Yellow	Area	Early morning 15-8				Early morning 16-8			Difference
		Buy	Sell			Buy	Sell		Buy	Sell
		Unit of measure: Million VND/tael							Unit of measure: Thousand dong/tael
DOJI	Hanoi	123.5		124.7		123.5		124.5	-	-200
	Ho Chi Minh City	123.5		124.7		123.5		124.5	-	-200
SJC	Ho Chi Minh City	123.7		124.7		123.5		124.5	-200	-200
	Hanoi	123.7		124.7		123.5		124.5	-200	-200
	Danang	123.7		124.7		123.5		124.5	-200	-200
PNJ	Ho Chi Minh City	123.7		124.7		123.5		124.5	-200	-200
	Hanoi	123.7		124.7	123.5			124.5	-200	-200
Bao Tin Minh Chau	Nationwide	123.7		124.7	123.5			124.5	-200	-200
Phu Quy SJC	Nationwide	122.7		124.7	122.7			124.5	-	-200

Gold price today (August 16) decreased by 200,000 VND/tael compared to yesterday. Photo: chinhphu.vn

Domestic gold ring price today

Gold ring price today (August 16) decreased slightly in both directions.

Specifically, SJC bought gold rings at 116.6 million VND/tael and sold at 119.1 million VND/tael, down 200,000 VND/tael in both directions compared to yesterday morning.

DOJI traded gold rings at 116.5 - 119.5 million VND/tael, down 300,000 VND/tael compared to yesterday morning.

Bao Tin Minh Chau gold rings are currently trading at 116.8 - 119.8 million VND/tael (buy - sell), down 700,000 VND/tael in both directions compared to yesterday morning.

PNJ buys gold rings at 116.6 million VND/tael, down 200,000 VND/tael and sells at 119.5 million VND/tael, down 300,000 VND/tael compared to yesterday morning.

Phu Quy traded gold rings at 116.5 - 119.5 million VND/tael, down 200,000 VND/tael in both directions compared to yesterday morning.

World gold price today

World gold price Gold prices fell slightly today, with spot gold prices remaining almost unchanged at $3,334.1 an ounce. Global gold prices fell 0.01% in the past 24 hours, equivalent to a decrease of $0.3 an ounce.

With the domestic gold bar price decreasing slightly and the world gold price listed at Kitco at 3,334.1 USD/ounce (equivalent to about 106.3 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees), the difference between domestic and world gold prices is about 18.2 million VND/tael.

World gold price today (August 16) decreased slightly. Photo: internationalbanker.com

Gold prices remained broadly steady but are headed for a decline next week as strong inflation data dampens expectations for a rate cut. Market attention has shifted to talks between US President Donald Trump and his Russian counterpart Vladimir Putin.

Spot gold was almost unchanged at $3,334.10 an ounce as of 1:40 a.m. on August 16, Vietnam time. US gold futures closed almost unchanged at $3,382.60 an ounce.

Data released Thursday showed U.S. manufacturing costs rose at their fastest pace in three years in July. Investors now see an 89.1% chance of the Federal Reserve cutting interest rates by 25 basis points in September, down from about 95% before the data was released. Non-yielding gold prices fell after the data was released, with spot prices closing down 0.6%.

"While gold prices were steady on Friday, further volatility could follow the outcome of the US-Russia summit in Alaska," said Lukman Otunuga, senior analyst at FXTM. President Trump arrived in Alaska on Friday for what he called a "high-value" summit with his Russian counterpart Vladimir Putin, where they discussed a range of international and bilateral issues of mutual concern.

Meanwhile, analysts at ANZ Bank believe that macroeconomic and geopolitical risks are likely to increase in the second half of the year, reinforcing gold's appeal as a safe haven. "The upside outlook for gold remains intact, supported by the prospect of rising tariffs, a slowing global economy, loose US monetary policy and continued weakness in the US dollar," ANZ said.

Source: https://baolangson.vn/gia-vang-hom-nay-16-8-giam-nhe-5056214.html