Gold price today (August 26): Set a new peak, exceeding 127 million VND/tael

Domestic gold price today

Gold bar prices today increased sharply in the selling direction compared to the trading session early this morning.

Brands SJC, DOJI , PNJ, Bao Tin Minh Chau simultaneously listed gold bar prices at 125.6 - 127.1 million VND/tael (buy - sell), an increase of 500 thousand VND/tael for selling.

Phu Quy SJC traded gold bars at 125.1 - 127.1 million VND/tael (buy - sell), up 500 thousand VND/tael in both directions.

Domestic gold bar prices updated at 5:00 a.m. August 26 as follows:

Yellow	Area	Early morning 25 - 8				Early morning 26 - 8			Difference
		Buy	Sell			Buy	Sell		Buy	Sell
		Unit of measure: Million VND/tael							Unit of measure: Thousand dong/tael
DOJI	Hanoi	125.6		126.6		125.6		127.1	-	+500
	Ho Chi Minh City	125.6		126.6		125.6		127.1	-	+500
SJC	Ho Chi Minh City	125.6		126.6		125.6		127.1	-	+ 500
	Hanoi	125.6		126.6		125.6		127.1	-	+500
	Danang	125.6		126.6		125.6		127.1	-	+500
PNJ	Ho Chi Minh City	125.6		126.6		125.6		127.1	-	+500
	Hanoi	125.6		126.6	125.6			127.1	-	+500
Bao Tin Minh Chau	Nationwide	125.6		126.6	125.6			127.1	-	+500
Phu Quy SJC	Nationwide	124.6		126.6	125.1			127.1	+500	+500

Domestic gold ring price today

In the same direction as gold bars, gold ring prices today increased in most brands.

Gold price hits new peak. Illustration photo: tienphong.vn

SJC listed gold rings at 119.1 - 121.6 million VND/tael (buy - sell), up 600 thousand VND/tael in both directions.

DOJI brand gold rings are traded at 118.8 - 121.8 million VND/tael (buy - sell), unchanged in both directions.

PNJ gold ring price remains unchanged at 119.1 - 121.8 million VND/tael (buy - sell), up 600 thousand VND/tael for buying and up 300 thousand VND/tael for selling.

Phu Quy brand gold rings were traded at 118.8 - 121.8 million VND/tael (buy - sell), up 500 thousand VND/tael in both directions.

Bao Tin Minh Chau increased the price of gold rings by 200,000 VND/tael in both directions, currently trading at 119.2 - 122.2 million VND/tael (buy - sell).

World gold price today

In the world gold market, the spot gold price today is at 3,366.4 USD/ounce. The world gold price generally decreased slightly by 0.03% in the past 24 hours, equivalent to a decrease of 1.1 USD/ounce.

With the domestic gold bar price anchored at a high level and the world gold price listed at Kitco at 3,366.4 USD/ounce (equivalent to about 107.8 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees), the difference between domestic and world gold prices is about 19.3 million VND/tael.

The precious metals market started the week on a quiet note, following a speech by Fed Chairman Jerome Powell last Friday, in which he signaled that the Fed could cut interest rates as early as its September policy meeting. He also acknowledged that the Fed was facing “a challenging situation” as inflation continued to exceed its 2% target and the labor market began to show signs of weakness.

Wyckoff Market Rating: 6.5/10, indicating that the uptrend is still dominant.

Expectations of a Fed rate cut are driving gold prices, but factors such as a weaker dollar and political risks in the US could play a bigger role in the near term, according to analysts at Heraeus. At the same time, safe-haven demand is only part of the appeal of gold.

Despite the signs that the Fed could cut rates, there is some disagreement among Fed policymakers. Minutes from the Fed's recent meeting showed that a majority of members were more concerned about inflation than the job market. Analysts warned that with inflation still clearly above 2%, the likelihood of a rate cut at the September meeting may be lower than the market is expecting.

"Gold is struggling to break out of a consolidation phase, with prices capped below $3,400 an ounce. However, the metal remains well supported despite easing global uncertainty and changing trading flows," according to the latest commentary from Société Générale.

The Bank of France said short-term risks are emerging as volatility begins to normalize. However, analysts stressed that downside risks remain limited.

“ETF inflows have remained steady, and managed money fund outflows have been moderate, if any, leaving us with a more solid base, as this is the most volatile component driving price action,” the analysts said. Société Générale has maintained a bullish outlook on gold this year, saying in June that it would not sell any holdings until prices exceeded $4,000 an ounce—a level it expects to reach by the second quarter of 2025. However, profit-taking is keeping prices within a range.

In the context that the Fed has not yet made a clear decision, the market will continue to fluctuate according to new signals from inflation data, employment, and internal political developments in the US.

Source: https://baolangson.vn/gia-vang-hom-nay-26-8-lap-dinh-moi-vuot-127-trieu-dong-luong-5057051.html