Update gold price today August 5, 2025 latest in domestic market
The gold price market today, August 5, 2025, witnessed an impressive increase, when a series of major brands simultaneously adjusted their prices up.
SJC and DOJI gold prices increased by half a million, close to 124 million VND/tael
At the start of a bustling trading session, the price of SJC gold in Hanoi surprisingly increased sharply in both buying and selling directions. Specifically, the buying price jumped to 122.2 million VND/tael, while the selling price also reached 123.8 million VND/tael. This increase of 500,000 VND/tael shows a clear improvement of the national gold bar brand.
Not out of the general trend, DOJI Group also recorded a similar increase. DOJI gold price today, August 5, 2025, was listed at 122.2 million VND/tael (buy) and 123.8 million VND/tael (sell), an increase of 500,000 VND/tael. This development reflects the market consensus on positive factors.
Gold prices of other major brands increased simultaneously, approaching the 124 million mark.
Mi Hong has a price adjustment that is quite different from other brands. Although the buying price only increased by 400,000 VND/tael, to 122.6 million VND/tael, the selling price had a bigger jump, increasing by 600,000 VND/tael, reaching 123.8 million VND/tael.
PNJ is also not out of the price increase race. PNJ gold price today, August 5, 2025, recorded an increase of 500,000 VND/tael in both directions. The current buying price is 122.2 million VND/tael and the selling price is 123.8 million VND/tael, along with SJC and DOJI establishing a new price level.
Vietinbank Gold price today August 5, 2025 was adjusted up 500,000 VND/tael, reaching 123.8 million VND/tael.
Bao Tin Minh Chau brand also recorded an increase of 500,000 VND/tael for both buying and selling. The buying price is currently at 122.2 million VND/tael, while the selling price is 123.8 million VND/tael.
Phu Quy stood out with an impressive increase in buying price, up 700,000 VND/tael, to 121.2 million VND/tael. Meanwhile, the selling price also increased 500,000 VND/tael, reaching 123.8 million VND/tael.
Plain gold ring price today August 5, 2025 increased by half a million dong
At 9:30 a.m. on August 5, 2025, the price of DOJI's 9999 Hung Thinh Vuong round gold ring was listed at VND 117.5 million/tael (buy) and VND 120.0 million/tael (sell), an increase of VND 500,000/tael in both directions compared to the previous day, with a buy-sell difference of VND 2.5 million/tael.
The price of plain gold rings today, August 5, 2025, increased by nearly a million
Bao Tin Minh Chau kept the price of gold rings at 117.2 million VND/tael (buy) and 120.2 million VND/tael (sell), stable compared to early this morning, with a difference of 3 million VND/tael.
Phu Quy Group also listed the price of gold rings at 116.7 million VND/tael (buy) and 119.7 million VND/tael (sell), an increase of 700 thousand VND/tael in both directions compared to yesterday, with a difference of 3 million VND/tael between buying and selling.
Gold price list today August 5, 2025 in Vietnam in detail
Update gold price today August 5, 2025 latest on the world market
World gold price, at 09:30 on August 5, 2025 (Vietnam time), the world spot gold price was at 3,375.4 USD/ounce. Today's gold price increased by 2.1 USD. Converted according to the USD exchange rate at Vietcombank (26,370 VND/USD), world gold is priced at about 111.65 million VND/tael (excluding taxes and fees). Compared with the domestic SJC gold bar price on the same day (122.2-123.8 million VND/tael), the current SJC gold price is about 12.15 million higher than the international gold price.
Investors are worried about the US economic and stock market outlook, as President Donald Trump and Federal Reserve Chairman Jerome Powell clash over the direction of interest rates. Global gold prices rose sharply as a disappointing US jobs report fueled speculation that the Fed will cut interest rates more than expected.
Recent economic data has shown signs of a slowdown in the US economy, with the labor market weaker than expected, strengthening the case for the Fed to adjust interest rates by the end of 2025.
President Trump's new tariff policy targeting countries such as Canada, Brazil, India... has put pressure on the global market, pushing gold prices higher. Central banks, including the People's Bank of China and the Reserve Bank of India, continue to accumulate gold to diversify reserves and reduce dependence on the USD.
Meanwhile, gold speculation increased as the US stock market showed signs of decline, making gold a safe haven asset. Prolonged geopolitical tensions and the risk of escalation in some regions also contributed to supporting gold prices.
Gold prices have surpassed $3,370 an ounce, despite the strength of the US dollar. Citi analysts predict that gold prices will reach a new record in the second half of 2025, due to concerns about US economic growth, inflation from tariffs, and a weakening US dollar. Citi also points to declining confidence in the Fed and the accuracy of US economic data, along with heightened geopolitical risks.
According to Citi, gold demand has increased by more than 33% since mid-2022, pushing gold prices to nearly double in the second quarter of 2025. Strong investment demand, steady gold purchases by central banks, and stable jewelry purchases are key factors, despite high gold prices.
News, gold price trends today August 5, 2025
Gold prices rose significantly at the beginning of the week, mainly due to investors' expectations that the US Federal Reserve (Fed) will soon cut interest rates. This belief was reinforced after the release of gloomy US economic reports. In addition, the weakening of the US dollar also supported the precious metal's rise.
Specifically, the gold contract for December delivery increased to 3,422.5 USD/ounce, while the silver price for September delivery also increased significantly.
Citi has raised its gold price forecast to $3,500 an ounce over the next three months, citing weak US employment data for the second quarter of 2025, concerns about Fed policy and geopolitical risks from the Russia-Ukraine conflict.
According to a report from Heraeus Group, gold consumption demand is on a downward trend, especially in China - the world's largest gold consumer market. Jewelry demand there has decreased by 26% in the first half of this year. However, the demand for physical investment has increased but not enough to compensate for this decline.
Technically, the bulls are in control of the market. Their next target is to break above $3,509/ounce. On the other hand, the bears are hoping to push the price below the support level of $3,300/ounce.
Meanwhile, in other markets, Nymex crude oil prices weakened following OPEC+'s decision to increase production, while the yield on 10-year US Treasury bonds is currently around 4.25%.
Source: https://baodanang.vn/gia-vang-hom-nay-5-8-2025-gia-vang-sjc-doji-xuyen-thung-moi-du-doan-sap-cham-124-trieu-dong-luong-3298676.html
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