Update on gold price today, holding steady at the peak of 126 million VND/tael
After strong price increases, the price of SJC gold bars in Hanoi, Ho Chi Minh City and Da Nang of SJC and DOJI has shown signs of slowing down. Up to now, the price of SJC gold bars is listed at 125.6 million VND/tael (buy) and 126.6 million VND/tael (sell), unchanged compared to the previous trading session. Similarly, DOJI also kept this price unchanged.
Mi Hong is one of the brands with a higher buying price than the general level, reaching 126.0 million VND/tael, while the selling price remains at 126.6 million VND/tael. This price remains unchanged from the previous day.
PNJ maintained the same price as SJC and DOJI, listing gold bars at VND125.6 million/tael (buy) and VND126.6 million/tael (sell). Both buying and selling prices of PNJ remained unchanged compared to the previous trading session.
Vietinbank Gold also recorded a flat selling price, at 126.6 million VND/tael.
At Bao Tin Minh Chau, the price of gold bars also remained unchanged, remaining at 125.6 million VND/tael (buy) and 126.6 million VND/tael (sell).
Phu Quy listed the price of SJC gold bars slightly lower in the buying direction, reaching 124.6 million VND/tael, while the selling price remained at 126.6 million VND/tael. This price also remained the same in both directions compared to the previous session.
At 8:30 a.m. on August 24, 2025, the price of DOJI's 9999 Hung Thinh Vuong round gold ring was listed at VND 118.8 million/tael (buy) and VND 121.8 million/tael (sell), unchanged in both buying and selling directions compared to the previous day, with a buying - selling difference of VND 3 million/tael.
Bao Tin Minh Chau kept the price of gold rings at 118.7 million VND/tael (buy) and 121.7 million VND/tael (sell), unchanged in both directions compared to early this morning, with a difference of 3 million VND/tael.
Phu Quy Group also listed the price of gold rings at 118.2 million VND/tael (buy) and 121.2 million VND/tael (sell), unchanged in both directions compared to yesterday, with a buy-sell difference of 3 million VND/tael.
Gold price list today 8/23/2025 in Vietnam in detail
Update world gold price today 8/24/2025 latest
World gold price, at 08:30 on August 24, 2025 (Vietnam time), the world spot gold price was at 3,370.3 USD/ounce. Today's gold price is unchanged compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,520 VND/USD), world gold is priced at about 112.06 million VND/tael (excluding taxes and fees). Compared to the domestic SJC gold bar price on the same day (125.6-126.6 million VND/tael), the current SJC gold price is about 14.54 million higher than the international gold price.
Gold prices on August 23, 2025, on the world market increased again, thanks to new expectations that the US Federal Reserve (Fed) could cut interest rates in September. These signals came from the speech of Fed Chairman Jerome Powell at the Jackson Hole conference.
Mr. Powell said that the Fed is considering adjusting policy due to changes in the economic situation, especially risks related to the labor market. However, he also emphasized that inflationary pressures still need to be carefully monitored. Following these statements, the price of spot gold on the world market increased by 1.1% to $ 3,373.89 / ounce, while the price of gold futures in the US also increased similarly, to $ 3,418.50 / ounce.
Another factor that helped gold rise today was the US dollar, which fell about 1%. When the dollar weakens, gold becomes cheaper for holders of other currencies, which stimulates demand for the metal. According to Tai Wong, an independent metals trader, Mr. Powell's speech has made the market more optimistic, opening up the possibility of the Fed cutting interest rates in September.
This will not only boost the price of gold but also increase the value of many other assets. Mr. Wong also said that if the price of gold can surpass and maintain the $ 3,400 / ounce mark in the next few days, this will be a positive sign for the upward trend of gold.
The reason gold is often favored when interest rates are low is because it does not yield the same as other assets, such as bonds or stocks. When interest rates fall, gold becomes a more attractive option for investors. According to the CME FedWatch tool, investors now see an 85% chance that the Fed will cut rates by 0.25% in September, up from 75% before Powell's speech. However, upcoming jobs and inflation data ahead of the Fed's September 16-17 meeting will play a key role in the final decision.
Meanwhile, the physical gold market in Asia is currently quite quiet due to strong fluctuations in gold prices, making buyers cautious. However, in India, gold shops have started buying in preparation for the upcoming important festival season.
Meanwhile, in the US, President Donald Trump has made headlines by announcing that he will replace a member of the Fed if he does not resign, sparking controversy over his influence over the central bank. These factors all contribute to a complex but promising picture for gold prices today on the world market.
News, gold price trends today August 24, 2025
The speech of the Chairman of the US Federal Reserve (FED) Jerome Powell at the Jackson Hole Conference in Wyoming has become the center of attention, strongly affecting the global financial market. After the speech, the price of gold skyrocketed when Mr. Powell opened up the possibility of cutting interest rates next month.
Mr. Powell said that although economic risks are balanced, US monetary policy may need to be adjusted. He said that inflation risks are tilted to the upside, while employment risks are tilted to the downside. This was interpreted by the market as a dovish signal, supporting future monetary policy easing. As a result, gold prices rose sharply, while global stock markets also tended to improve.
In Europe, the European Central Bank (ECB) is likely to keep interest rates on hold in September. ECB officials believe growth and inflation are still moving in line with forecasts, and price pressures will ease in the coming years.
China's stock market had a strong week, with the Shanghai Composite hitting a decade high, fueled by strong capital inflows and active trading by retail investors.
According to experts, gold prices are being affected by many factors. On the one hand, the possibility of peace between Russia and Ukraine could reduce the demand for safe havens, which has been an important factor pushing gold prices up in recent times. On the other hand, the increase in the value of the US dollar puts downward pressure on this precious metal.
However, if Mr. Powell delivers a more dovish message, the USD could weaken, creating conditions for gold prices to recover. Technically, the buyers are still in control and the next target is to break through the important resistance level of $ 3,500 / ounce.
In addition, some other important markets also fluctuated. The USD index increased slightly, crude oil prices traded around 63.75 USD/barrel and the yield on 10-year US Treasury bonds was at 4.337%. These developments show that the global economic picture is in a complex phase with many intertwined factors.
Source: https://baodanang.vn/gia-vang-hom-nay-24-8-2025-gia-vang-mieng-vang-nhan-dung-o-126-6-trieu-dong-3300181.html
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