World gold price today

The world gold price was adjusted down this morning. At 9:10 am today (August 20, Vietnam time), the world spot gold price was at 3,314.2 USD/ounce, down 15.8 USD/ounce compared to last night.

On the morning of August 20, the world gold price converted to USD bank price was nearly 106.9 million VND/tael, including tax and fees, about 17.9 million VND/tael lower than the domestic gold price.

As of 8:00 p.m. on August 19 (Vietnam time), the spot gold price today on the international market was at $3,330/ounce. Gold for December 2025 delivery on the Comex New York floor was at $3,383/ounce.

The world gold price on the night of August 19 was about 26.9% higher (equivalent to 705 USD/ounce) than at the end of 2024. The world gold price converted to the bank USD price was 107.3 million VND/tael, including taxes and fees, about 17.7 million VND/tael lower than the domestic gold price as of the end of the session on August 19.

Gold prices on the New York Stock Exchange on the evening of August 19 (Vietnam time) were under strong selling pressure and were hovering around $3,330-3,340/ounce as investors awaited monetary policy signals from the Jackson Hole Economic Conference, taking place from August 21-23.

Gold is under selling pressure after positive signals from negotiations to find a solution to the conflict in Ukraine that has lasted nearly 4 years.

The gold market also slumped due to a sharp drop in oil, a commodity closely related to gold. WTI crude oil prices fell 1% to $62.8/barrel.

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Domestic gold prices at historic peak. Photo: NH

Gold was also under pressure as the US economy received positive news about home construction. According to data released by the US Department of Commerce, the number of housing starts in the country increased by 2.5% in July to a seasonally adjusted annual rate of 1.428 million units, up from June's adjusted rate of 1.358 million units.

US construction activity beat economists' expectations, with the consensus estimate showing a decline to 1.29 million units. Over the past 12 months, the figure has risen 12.9%.

Better-than-expected housing data dampened expectations that the US Federal Reserve would accelerate interest rate cuts to support the economy, which weighed on gold prices.

Domestic gold price today

Opening the trading session on August 20, the price of SJC 9999 gold was adjusted down by 200,000 VND per tael in both buying and selling compared to the closing price of yesterday's trading session, to 123.8-124.8 million VND/tael (buying - selling).

Buy (VND/tael) Increase/decrease Sell (VND/tael) Increase/decrease
SJC HCMC 123,800,000 - 200,000 124,800,000 - 200,000
Doji Hanoi 123,800,000 - 200,000 124,800,000 - 200,000
Doji HCMC 123,800,000 - 200,000 124,800,000 - 200,000

SJC and Doji gold bar price list updated on the morning of August 20

This morning, domestic gold ring prices were adjusted down by some brands following the developments of world gold prices.

Buy (VND/tael) Increase/decrease Sell (VND/tael) Increase/decrease
SJC 116,800,000 - 200,000 119,300,000 - 200,000
Doji 117,000,000 0 120,200,000 + 200,000

SJC and Doji gold ring price list updated on the morning of August 20

Domestically, gold prices are hovering at historic highs. Specifically, by the end of the trading session on August 19, the price of 9999 gold bars at SJC and Doji was listed at VND124-125 million/tael (buy-sell), unchanged in both directions compared to the previous session.

SJC announced the price of gold rings type 1-5 at only 117-119.5 million VND/tael (buy - sell), unchanged from the previous session. Doji announced the price of gold rings type 1-5 at only 117-120 million VND/tael (buy - sell).

Gold Price Forecast

It can be seen that gold is still under pressure to sell for profit in the context of US President Donald Trump making great strides in his efforts to end the conflict in Ukraine and gradually reach trade agreements with other countries. Positive data from the US economy also put pressure on the precious metal.

But uncertainty remains. Mr Trump was quite concerned when he said he hoped Russian President Putin would cooperate on the Ukraine issue, otherwise “it will be very difficult”.

In his latest remarks, Mr. Trump affirmed that he would hold a meeting between Mr. Putin and Mr. Zelensky, but also emphasized that the Ukrainian President needed to be more flexible, hinting that he might have to make territorial concessions.

Mr. Trump affirmed that Ukraine will not become a NATO member, but there will still be "some form of security guarantee" for Kiev.

Investors are also focusing on the employment report (NFP) and inflation (CPI).

Many fear that positive economic data suggests that if the Fed cuts rates too soon, the policy could backfire, prolonging inflationary pressures.

Despite the pressure on gold, many experts remain optimistic about its long-term prospects. Organizations predict that gold could reach $3,500 an ounce by the end of the year if the Fed maintains its path of monetary policy easing.

Source: https://vietnamnet.vn/gia-vang-hom-nay-20-8-2025-vang-the-gioi-chiu-nhieu-ap-luc-2433826.html