Gold price today August 19, 2025: The world is calm, SJC sets a record high

Gold prices today, August 19, 2025, around the world, are holding their breath, waiting for signals from the Fed and the results of the meeting between the Ukrainian president and the US president. Domestically, gold prices skyrocketed to 125 million VND/tael, narrowing the gap between buying and selling prices.

Domestic gold ring prices fluctuated little this morning.

	Buy (VND/tael)	Increase/decrease	Sell (VND/tael)	Increase/decrease
SJC	117,000,000	0	119,500,000	0
Doji	117,000,000	0	120,000,000	0

            SJC and Doji gold ring price list updated on the morning of August 19

Opening the trading session on August 19, the price of SJC 9999 gold remained unchanged compared to the closing price of yesterday's trading session, trading around 124-125 million VND/tael (buy - sell).

	Buy (VND/tael)	Increase/decrease	Sell (VND/tael)	Increase/decrease
SJC HCMC	124,000,000	0	125,000,000	0
Doji Hanoi	124,000,000	0	125,000,000	0
Doji HCMC	124,000,000	0	125,000,000	0

                          SJC and Doji gold bar price list updated on the morning of August 19

The world gold price was adjusted down this morning. At 8:50 am today (August 19, Vietnam time), the world spot gold price was at 3,331.6 USD/ounce, down 6.4 USD/ounce compared to last night.

On the morning of August 19 , the world gold price converted to USD bank price was over 107.3 million VND/tael, including tax and fees, about 17.7 million VND/tael lower than the domestic gold price.

At 8:00 p.m. (August 18, Vietnam time), the spot gold price was at $3,338/ounce, up 0.15% from the beginning of the session. The gold futures price for September 2025 delivery on the Comex New York floor reached $3,349/ounce.

World gold prices increased as the market is waiting for the Federal Reserve's annual Economic Policy Symposium in Jackson Hole, Wyoming, which will open this weekend. The highlight of the event is a speech by Fed Chairman Jerome Powell on new interest rate policy.

Markets are expecting Powell's speech to provide clearer clues on whether and when the Fed will cut interest rates. Fed officials have been divided on the next path of monetary policy, causing uncertainty in the market.

If Mr. Powell signals support for a rate cut in September, this could further boost gold prices, as gold is often seen as a safe haven when interest rates fall.

Traders are betting on a 92% chance of the Fed cutting interest rates at its September meeting, according to data from the CME exchange's FedWatch Tool.

Domestic gold prices increase. Photo: Chi Hieu

Markets are closely watching a meeting between Ukrainian President Volodymyr Zelenskiy and US President Donald Trump in Washington DC. The meeting comes after Mr Trump’s summit with Russian President Vladimir Putin. Many European leaders have expressed concern that Mr Trump could demand major territorial concessions from Kyiv in exchange for a peace deal.

The uncertainties surrounding this conflict could boost demand for safe-haven assets like gold.

Regarding the tariff issue, on August 15, the US Department of Commerce announced the expansion of the scope of the 50% tariff on imported steel and aluminum by adding hundreds of derivative products to the taxable list.

US President Donald Trump said he will announce tariffs on semiconductor chip imports in the coming weeks, as he prepares to expand the tariff program to other industries.

Meanwhile, trade talks between the US and India were delayed after a planned visit by US negotiators to New Delhi was canceled, dashing hopes of easing US tariffs on Indian goods.

Earlier, President Trump imposed an additional 25% tariff on Indian goods, as the country continued to import crude oil from Russia.

Domestic gold market on August 18, SJC gold bar price closed at 124-125 million VND/tael (buy - sell), increased 500 thousand VND/tael compared to last weekend.

The price of 1-5 chi SJC gold rings closed at 117-119.5 million VND/tael (buy - sell), an increase of 400 thousand VND/tael compared to the end of last week. The price of 9999 gold rings at Doji was traded at 117-120 million VND/tael (buy - sell), an increase of 500 thousand VND/tael compared to the end of last week.

Gold Price Forecast

In an interview with Kitco News, Kevin Grady, president of Phoenix Futures and Options, said that the Fed made a mistake in not lowering interest rates sooner. Uncertainties about trade policy, especially issues related to tariffs, have created unusual volatility and caused great damage to the gold market.

The lack of clarity on trade policy has left market participants, especially physical gold traders, hesitant, Grady said. The Fed minutes will be important, he said, as he hopes to shed light on whether there are any disagreements within the Fed and the views of individual members.

Kitco senior analyst Jim Wyckoff predicts gold prices will continue to consolidate this week. He said prices will continue to move sideways, choppy and trendless as traders wait for a new fundamental factor to spur prices higher.

When the global economy shows signs of recession, investors often seek gold as a "safe haven" to protect their assets. This demand will push gold prices up.

Source: https://vietnamnet.vn/gia-vang-hom-nay-19-8-2025-the-gioi-lang-song-sjc-lap-dinh-cao-ky-luc-2433459.html