Domestic gold ring prices early this morning were adjusted to increase sharply by brands following the trend of world gold prices.
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC | 116,500,000 | + 1,900,000 | 119,000,000 | + 1,900,000 |
| Doji | 117,000,000 | + 1,000,000 | 119,500,000 | + 1,000,000 |
SJC and Doji gold ring price list updated on the morning of August 2
Opening the trading session on August 2 , the price of SJC 9999 gold increased by 1.6 million VND/tael for buying and 2.1 million VND/tael more expensive for selling compared to the closing price of yesterday's trading session, up to 121.5-123.5 million VND/tael (buying - selling).
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC HCMC | 121,500,000 | + 1,600,000 | 123,500,000 | + 2,100,000 |
| Doji Hanoi | 121,500,000 | + 1,600,000 | 123,500,000 | + 2,100,000 |
| Doji HCMC | 121,500,000 | + 1,600,000 | 123,500,000 | + 2,100,000 |
SJC and Doji gold bar price list updated on the morning of August 2
The world gold price continued to rise this morning. At 8:40 a.m. today (August 2, Vietnam time), the world spot gold price was at 3,361.5 USD/ounce, up 19.5 USD/ounce compared to last night.
On the morning of August 2, the world gold price converted to USD bank price was over 107.9 million VND/tael, including tax and fees, about 15.6 million VND/tael lower than the domestic gold price.
At 8:00 p.m. (August 1, Vietnam time), the spot gold price was at $3,342/ounce, up 1.64% from the beginning of the session. The gold futures price for September 2025 delivery on the Comex New York floor traded at $3,359/ounce.
According to the Bureau of Labor Statistics, U.S. nonfarm payrolls increased by just 73,000 jobs, below economists' forecasts of 106,000. The unemployment rate edged up slightly to 4.2%. Updated figures show that just 14,000 jobs were created in June and 19,000 in May.
Regarding the tariff issue, on the evening of July 31 (US time), President Donald Trump signed an important executive order, applying import tariffs from 10% to 41% on goods from dozens of countries.
Notably, India will be subject to a 25% tariff, Taiwan (China) 20%, Thailand 19% and South Korea 15%. In addition, tariffs on goods from Canada will also increase from 25% to 35% for items not covered by the USMCA. Mexico will be temporarily exempted from the higher tariffs for 90 days to continue trade negotiations.
Inflation in the United States rose in June 2025 as tariffs on imports began to raise the cost of some goods. The personal consumption expenditures (PCE) price index rose 0.3% in June 2025, after rising 0.2% in May 2025.
Markets have been affected by the Federal Reserve's policy review after this week's meeting, with many investors skeptical about whether the US central bank will cut interest rates at the Federal Open Market Committee (FOMC) meeting in September 2025.
Nymex crude oil futures were nearly steady, trading around $69.25 a barrel. The yield on the 10-year U.S. Treasury note is now at 4.299%, down significantly from just before the jobs report.
On August 1, the domestic gold market, SJC gold price was traded at 119.9 million VND/tael (buy) and 121.4 million VND/tael (sell). The price of 1-5 chi SJC gold rings closed the session at 114.6-117.1 million VND/tael (buy - sell), both unchanged compared to the closing price yesterday.
The price of 9999 gold rings at Doji increased by 200,000 VND/tael compared to yesterday's closing price, closing at 116-118.5 million VND/tael.
Gold Price Forecast
According to the World Gold Council (WGC) Q2 Gold Demand Trends report, inflows into global gold ETFs and demand for gold bars and coins reached their highest levels in the first half of the year since 2013.
Factors such as geopolitical instability, unpredictable US trade policy and rising gold prices have prompted investors to seek gold as a safe haven asset. Central banks have also continued to add gold to their reserves.
Independent metals trader Tai Wong said that despite the pressure from the rising US dollar, gold is still at the bottom of its range and could attract buying interest again if it corrects further thanks to long-term supportive factors such as instability, US public debt and the trend of de-dollarization.
Kelvin Wong, senior market analyst at OANDA, said that if gold prices break above $3,350 an ounce this weekend, it could provide a fresh boost to the precious metal, at least in the short term.
According to Mr. Wong, this scenario is of particular interest as the market awaits important data on inflation and the labor market to be released in the US. These data will play a key role in shaping the gold price trend in the coming time.
Source: https://vietnamnet.vn/gia-vang-hom-nay-2-8-2025-bat-tang-tro-lai-vang-sjc-tren-121-trieu-dong-luong-2427894.html
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