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Gold price today August 5: Domestic gold price is 12 million VND higher than world price

Gold price today August 5, 2025: Domestic gold price is at 123.3 million. World gold price increased for three consecutive days. Domestic gold is over 12 million VND higher than world gold price

Báo Nghệ AnBáo Nghệ An04/08/2025

Domestic gold price today August 5, 2025

As of 4:30 a.m. today, August 5, 2025, the domestic gold bar price was at 123.3 million VND/tael for sale. Specifically:

DOJI Group listed the price of SJC gold bars at 121.7-123.3 million VND/tael (buy - sell), an increase of 200 thousand VND/tael in buying - a decrease of 200 thousand VND/tael in selling compared to yesterday.

At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 121.7-123.3 million VND/tael (buy - sell), an increase of 200 thousand VND/tael in the buying direction - a decrease of 200 thousand VND/tael in the selling direction compared to the closing price on August 3 yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 122.2-123.2 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 700 thousand VND/tael for buying - unchanged for selling.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 121.7-123.3 million VND/tael (buy - sell), the price increased by 200 thousand VND/tael in the buying direction - decreased by 200 thousand VND/tael in the selling direction compared to the same period yesterday.

SJC gold price at Phu Quy is traded by businesses at 120.5-123.2 million VND/tael (buy - sell), gold price is unchanged in the buying direction - decreased 200 thousand VND/tael in the selling direction compared to yesterday.

Gold price today August 5, 2025: Domestic gold price is 12 million VND higher than world price

As of 4:30 a.m. on August 5, 2025, the price of 9999 Hung Thinh Vuong round gold ring at DOJI was listed at 117.-119.5 million VND/tael (buy - sell); the price remained unchanged in both buying and selling directions compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 117.2-120.2 million VND/tael (buy - sell); unchanged in both buying and selling directions compared to yesterday.

The latest gold price list today, August 5, 2025 is as follows:

Gold price today

August 5, 2025 (Million VND)

Difference (thousand VND/tael)

Buy

Sell

Buy

Sell

SJC in Hanoi

121.7

123.5

+200

-200

DOJI Group

121.7

123.5

+200

-200

Red Eyelashes

122.2

123.2

+700

-

PNJ

121.7

123.3

+200

-200

Bao Tin Minh Chau

121.7

123.3

+200

-200

Phu Quy

120.5

123.3

-

-200

1.

DOJI

- Updated: 8/5/2025 04:30 - Source website time - ▼/▲ Compared to yesterday.

Domestic gold price

Buy

Sell

AVPL/SJC HN

121,700

▲200K

123,300

▼200K

AVPL/SJC HCM

121,700

▲200K

123,300

▼200K

AVPL/SJC DN

121,700

▲200K

123,300

▼200K

Raw material 9999 - HN

109,500

110,500

Raw material 999 - HN

109,400

110,400

2.

PNJ

- Updated: 8/5/2025 04:30 - Source website time - ▼/▲ Compared to yesterday.

Type

Buy

Sell

SJC 999.9 gold bar

121,700

123,300

PNJ 999.9 Plain Ring

117,000

119,500

Kim Bao Gold 999.9

117,000

119,500

Gold Phuc Loc Tai 999.9

117,000

119,500

PNJ Gold - Phoenix

117,000

119,500

999.9 gold jewelry

115,500

118,000

999 gold jewelry

115,380

117,880

9920 jewelry gold

114,660

117,160

99 gold jewelry

114,420

116,920

916 Gold (22K)

105,690

108,190

750 Gold (18K)

81,150

88,650

680 Gold (16.3K)

72,890

80,390

650 Gold (15.6K)

69,350

76,850

610 Gold (14.6K)

64,630

72,130

585 Gold (14K)

61,680

69,180

416 Gold (10K)

41,740

49,240

375 Gold (9K)

36,900

44,400

333 Gold (8K)

31,590

39,090

3.

SJC

- Updated: 8/5/2025 04:30 - Source website time - ▲/▼ Compared to yesterday.

SJC Gold 1L, 10L, 1KG

121,700

▲200K

123,300

▼200K

SJC gold 5 chi

121,700

▲200K

123,320

▼200K

SJC gold 0.5 chi, 1 chi, 2 chi

121,700

▲200K

123,330

▼200K

SJC 99.99% gold ring 1 chi, 2 chi, 5 chi

116,300

▼200K

118,800

▼200K

SJC 99.99% gold ring 0.5 chi, 0.3 chi

116,300

▼200K

118,900

▼200K

Jewelry 99.99%

116,300

▼200K

118,200

▼200K

Jewelry 99%

112,529

▼198K

117,029

▼198K

Jewelry 68%

73,634

▼136K

80,534

▼136K

Jewelry 41.7%

42,544

▼83K

49,444

▼83K

World gold price today August 5, 2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 4:30 a.m. on August 5, Vietnam time, was 3,383.38 USD/ounce. Today's gold price increased by 20.85 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,370 VND/USD), the world gold price is about 111.02 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 12.28 million VND/tael higher than the international gold price.

World gold prices continued to rise, marking the third consecutive increase after recent economic data reinforced expectations that the US Federal Reserve (Fed) will cut interest rates.

Specifically, spot gold prices increased by 0.62%, reaching the highest level since July 24. US gold futures also increased by 0.8%, reaching 3,427.10 USD/ounce.

“The likelihood of a Fed rate cut in September has increased, and there could be another cut in December. Combined with inflationary pressures, this is very bullish for gold,” said Daniel Pavilonis, senior market analyst at RJO Futures.

Investors now see an 85% chance of a rate cut in September, up from 63% a week ago, according to the CME FedWatch tool. Gold tends to rise when interest rates are low and is seen as a hedge against inflation.

On trade policy, U.S. Trade Representative Jamieson Greer said the tariffs recently imposed by President Donald Trump will likely remain. Under the executive order, the U.S. will impose a 35 percent tariff on many goods from Canada, 50 percent on Brazil, 25 percent on India, 20 percent on Taiwan and 39 percent on Switzerland.

China, like India, is slowing its purchases of gold jewelry as gold prices remain high. The China Gold Association reported that total gold consumption in the first half of the year fell 3.5% year-on-year to 505 tonnes.

The gold jewelry industry was hit hardest, with a 26% decline to just under 200 tonnes. This was partly offset by strong investment demand for gold bars and coins, along with a slight increase in industrial demand. However, according to the World Gold Council, gold jewelry demand in China in the first half of 2025 was the lowest since 2009 (excluding 2020).

Experts say gold prices need to ease from their current highs for jewelry demand in China and India to recover in the second half of the year. Price and perceived value are the main factors influencing gold jewelry purchasing decisions in these two markets.

Besides gold, spot silver prices rose 0.8% to $37.33 an ounce. Platinum edged up 0.5% to $1,322.03, while palladium fell 1.9% to $1,184.75, its lowest in more than two weeks.

Gold Price Forecast

Citi has raised its gold price forecast for the next three months from $3,300 to $3,500 an ounce. The expected trading range has also been raised from $3,100-$3,500 to $3,300-$3,600. The decision comes on the back of a worsening outlook for US growth and inflation in the short term.

According to Citi's analysis, concerns about US economic growth and inflation due to tariffs will remain high in the second half of 2025. Along with that, a weakening USD is expected to push gold prices up moderately, possibly even reaching a new record.

Citi also pointed out that the US labor data for the second quarter of 2025 was weaker, raising doubts about the reliability of the Federal Reserve (Fed) and US statistics. President Donald Trump fired the head of the Bureau of Labor Statistics (BLS) after the July jobs report showed a slowdown in hiring and the May and June figures were revised down sharply. Trump accused the employment data of being manipulated for political reasons and affirmed that he would appoint new officials to the Fed and BLS in the coming days.

Geopolitical risks remain high in many regions, particularly as the US and G7 countries increase sanctions against Russia and Iran. This increases uncertainty in global financial and commodity markets, making gold a more attractive option.

US President Donald Trump's latest round of tariffs on goods from major trading partners such as Canada, Brazil and India has roiled global markets, sending gold prices higher.

According to Lukman Otunuga, Senior Market Strategist at FXTM, the gold price chart shows that the buyers are in control, with the price less than 2% away from the $3,400/ounce mark. He said the uptrend is strengthening after the price broke through the important resistance level at $3,330/ounce.

A survey of 17 Wall Street analysts found that 94% expect gold prices to continue rising, while only 6% expect prices to remain flat, reflecting strong optimism about gold's near-term outlook.

Darin Newsom, senior analyst at Barchart, highlighted geopolitical uncertainty and President Trump’s tariff policies as key drivers of gold prices. The December gold contract turned bullish earlier in the week, coinciding with the new tariff threats.

Marc Chandler, CEO of Bannockburn Capital Markets, said weak jobs data and a sharp drop in US interest rates are creating momentum for gold. If this trend continues, he said, a target of $3,440 an ounce by the fourth quarter of 2025 is completely feasible.


Source: https://baonghean.vn/gia-vang-hom-nay-5-8-gia-vang-trong-nuoc-cao-hon-the-gioi-12-trieu-dong-10303847.html


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