At the end of the session on August 4, the price of gold bars at SJC closed at 121.7-123.3 million VND/tael (buy - sell), an increase of 200 thousand VND/tael in the buying direction but a decrease of 200 thousand VND/tael in the selling direction compared to the closing price of the previous trading session.
The price of 1-5 chi SJC gold rings is listed at 116.3-118.8 million VND/tael (buy - sell), down 200 thousand VND/tael compared to yesterday's closing price.
Meanwhile, the price of 9999 gold rings at Doji remained the same as the previous session's closing price, trading at 117-119.5 million VND/tael (buy - sell).
Domestic gold ring prices early this morning were adjusted down by some brands.
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC | 116,300,000 | - 200,000 | 118,800,000 | - 200,000 |
| Doji | 117,000,000 | 0 | 119,500,000 | 0 |
SJC and Doji gold ring price list updated on the morning of August 4
Opening the trading session on August 4 , the price of SJC 9999 gold was adjusted up 200 thousand VND/tael for buying but down 200 thousand VND/tael for selling compared to the closing session of last weekend, trading at 121.7-123.3 million VND/tael (buying - selling).
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC HCMC | 121,700,000 | + 200,000 | 123,300,000 | - 200,000 |
| Doji Hanoi | 121,700,000 | + 200,000 | 123,300,000 | - 200,000 |
| Doji HCMC | 121,700,000 | + 200,000 | 123,300,000 | - 200,000 |
SJC and Doji gold bar price list updated on the morning of August 4
The world gold price was adjusted down this morning. At 9:13 am today (August 4, Vietnam time), the world spot gold price was at 3,349.9 USD/ounce, down 11.1 USD/ounce compared to the end of last week.
On the morning of August 4 , the world gold price converted to USD bank price was nearly 107.5 million VND/tael, including tax and fees, about 15.8 million VND/tael lower than the domestic gold price.
Trade tensions are supporting gold prices. According to some analysts, economic uncertainty stemming from President Donald Trump’s ongoing trade war and global tariffs will continue to bolster safe-haven demand for gold.
Last week, US President Donald Trump issued a document adjusting import tariffs on goods from dozens of countries and territories.
Other countries that have also been subject to tax adjustments include: India (25%), Iraq (35%), Syria (41%), Switzerland (39%), the UK (10%) and Japan (15%). The country with the highest reciprocal tax rate in the current tariff schedule is Syria, at 41%.
Switzerland and Canada are two of the partners that have to bear the "heaviest" tariffs from the US leader, at 39% and 35% respectively, along with Brazil with a tax rate of up to 50%. The US and the European Union (EU) signed an agreement stipulating a 15% tax on goods from the EU entering the US.
Chris Vecchio, director of futures and FX strategy at Tastylive, predicts gold will continue to perform well as the world looks for another monetary asset, amid tariffs that reduce trading in the US dollar.
According to Mr. Vecchio, the tax policy could cause countries to limit the use of the US dollar in trade, thereby boosting demand for alternative assets such as gold. Gold prices have had a difficult few weeks as the US dollar recovered, but he believes that this is the key factor that helps the precious metal rise again.
Economic uncertainty from the trade war could prompt central banks, such as the US Federal Reserve, to maintain or cut interest rates to stimulate the economy. Low interest rates reduce the opportunity cost of holding gold, thereby supporting gold prices.
While the Fed left interest rates unchanged, comments from Chairman Jerome Powell suggest they are closely monitoring economic data, particularly inflation and growth. If trade tensions slow economic growth, the Fed could cut rates in late 2025 or early 2026.
Meanwhile, central banks, especially from emerging markets like China and India, are increasing their gold purchases to diversify their reserves and reduce their dependence on the USD.
A report from Goldman Sachs indicates that central bank gold demand has increased sharply, with forecasts of purchases of around 900 tonnes in 2025. Demand from gold ETFs has also increased as interest rates have fallen, increasing the appeal of gold.
Last week, spot gold closed at $3,361 an ounce. Gold futures for September 2025 delivery on the Comex New York floor traded at $3,376 an ounce.
Domestic gold market on August 2, SJC gold price was traded at 121.5 million VND/tael (buy) and 123.5 million VND/tael (sell).
The price of 1-5 chi SJC gold rings closed at 116.5-119 million VND/tael (buy - sell). The price of 9999 gold rings at Doji closed at 117-119.5 million VND/tael.
Gold Price Forecast
Survey results from 17 analysts on Wall Street, with 94% predicting gold prices will continue to rise and 6% saying gold prices will go sideways, reflecting strong optimism about gold's prospects in the short term.
Mr. Darin Newsom, senior market analyst at Barchart, commented that geopolitical instability, especially President Trump's trade war, is a factor driving gold prices.
The December gold contract has turned into a short-term uptrend at the start of the new week, coinciding with the new tariff threats from the US President. Newsom predicts that gold will continue to receive buying interest as a safe-haven asset, especially if the news related to the president becomes more negative.
Regarding the potential for gold price increases, Mr. Marc Chandler, CEO at Bannockburn Capital Markets, said that US employment data and the sharp decline in US interest rates and the USD helped create a bottom for gold.
Gold prices are being supported by multiple factors: trade uncertainty, expectations of Fed rate cuts, a weakening US dollar and central bank demand. If this trend continues, a target of $3,440/ounce is entirely possible in the fourth quarter of 2025.
Analysts said any lingering doubts about the possibility of a Fed rate cut in September were all but extinguished after disappointing US employment data. The US economy created just 73,000 new jobs last month, according to the Bureau of Labor Statistics. In addition, the total number of jobs in May and June was revised down by 258,000, with only 14,000 jobs created in June and 19,000 in May.
“The weaker-than-expected jobs report erodes confidence in the health of the US economy, weighing on the dollar as markets expect the Fed to take a more dovish stance, even tilting towards rate cuts to boost growth. For gold, the disappointing jobs data reinforces its role as a safe haven asset in times of uncertainty, supporting prices as investors seek safety,” said Aaron Hill, senior market analyst at FP Markets.
Source: https://vietnamnet.vn/gia-vang-hom-nay-4-8-2025-tiep-da-tang-vang-sjc-huong-toi-124-trieu-dong-2428301.html
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