Gold price today August 5, 2025: SJC skyrocketed, close to record peak of 124 million VND

Gold prices today, August 5, 2025, continued to increase strongly in the world, reaching nearly 3,400 USD/ounce after disappointing US employment reports. Domestically, gold increased by half a million VND per tael, SJC gold bars reached nearly 124 million VND, and plain rings reached a record high.

Domestic gold ring prices were adjusted up by brands early this morning.

	Buy (VND/tael)	Increase/decrease	Sell (VND/tael)	Increase/decrease
SJC	116,800,000	+ 500,000	119,300,000	+ 500,000
Doji	117,500,000	+ 500,000	120,000,000	+ 500,000

                            SJC and Doji gold ring price list updated on the morning of August 5

At the beginning of the trading session on August 5, the price of SJC 9999 gold was adjusted up by 500 thousand VND/tael in both buying and selling compared to the end of yesterday's session, trading at 122.2-123.8 million VND/tael (buying - selling).

	Buy (VND/tael)	Increase/decrease	Sell (VND/tael)	Increase/decrease
SJC HCMC	122,200,000	+ 500,000	123,800,000	+ 500,000
Doji Hanoi	122,200,000	+ 500,000	123,800,000	+ 500,000
Doji HCMC	122,200,000	+ 500,000	123,800,000	+ 500,000

                                  SJC and Doji gold bar price list updated on the morning of August 5

World gold prices fluctuated little this morning. At 8:40 a.m. today (August 5, Vietnam time), the world spot gold price was at 3,379 USD/ounce, up 2 USD/ounce compared to last night.

On the morning of August 5 , the world gold price converted to USD bank price was over 108.4 million VND/tael, including tax and fees, about 15.4 million VND/tael lower than the domestic gold price.

At 8:00 p.m. on August 4 (Vietnam time), the spot gold price stood at $3,377/ounce, up 0.48% from the beginning of the session. The gold futures price for September 2025 delivery on the Comex New York floor traded at $3,389/ounce.

Gold prices rose in early trading, reflecting growing market expectations that the Federal Reserve will cut interest rates in September. The move came after last week's US economic report was seen as very pessimistic, reinforcing the views of dovish monetary policy.

The market was shocked when US President Donald Trump on August 1 fired the head of the monthly employment statistics agency. That was Ms. Erika McEntarfer, head of the Bureau of Labor Statistics (BLS).

The decision came after a jobs report showed a sharp slowdown in job creation in July, along with sharp downward revisions to May and June employment figures from previous reports.

On his social media platforms, President Trump accused the employment figures of being manipulated for political reasons and demanded the firing of Erika McEntarfer, who was appointed by former President Joe Biden.

Domestic gold prices slightly adjusted. Photo: Chi Hieu

The US stock market reacted with a sharp sell-off after the dismal jobs data, pushing the economic discussion towards the possibility that the Fed will cut interest rates at the Federal Open Market Committee (FOMC) meeting in September.

President Trump said he will announce a new Federal Reserve governor and a new BLS jobs data statistician in the coming days.

In commodities, Nymex crude oil futures fell overnight following OPEC+’s decision to increase collective production. The Organization of the Petroleum Exporting Countries and its allies (OPEC+) confirmed an expected production increase of 547,000 barrels per day starting in September. There is still uncertainty over whether OPEC+ will pause further production increases. Crude oil futures are currently trading around $66.25 per barrel.

The US Dollar Index (DXY), which measures the greenback's performance against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stood at 98.69 points. The yield on 10-year US Treasury bonds is currently around 4.25%.

Domestic gold market on August 4, SJC gold bar price closed at 121.7-123.3 million VND/tael (buy - sell), increased 200 thousand VND/tael in buying price but decreased correspondingly in selling price compared to the previous 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).

Gold Price Forecast

Citi Bank recently raised its three-month gold price forecast from $3,300 an ounce to $3,500 an ounce. Citi's decision to adjust its forecast comes amid a market that is particularly sensitive to US economic data and speculation about the Fed's monetary policy.

As economic growth prospects weaken and inflation concerns rise, gold is often seen as a safe haven asset, attracting investors looking for a place to protect the value of their assets.

According to the World Gold Council, gold prices could rise significantly in a volatile geopolitical and geo-economic scenario. This is especially true if risks such as stagflation or recession become more apparent, increasing investor demand for safe-haven assets.

Conversely, if a broad and sustained normalization of global trade leads to higher yields and a return of risk appetite, this could challenge gold’s rally. Additionally, reduced central bank buying could also put pressure on gold prices.

Source: https://vietnamnet.vn/gia-vang-hom-nay-5-8-2025-nong-tro-lai-sjc-se-tang-manh-2428647.html