At the end of the trading session on August 7, the price of gold bars at SJC closed at 122.4-123.8 million VND/tael (buy - sell), equal to the closing price of yesterday's trading session.
The price of SJC 1-5 chi gold rings is listed at 116.8-119.3 million VND/tael (buy - sell), unchanged from yesterday's closing price.
The price of 9999 gold rings at Doji also remained the same as the previous session's closing price, trading at 117.5-120 million VND/tael (buy - sell).
This afternoon, the world gold price increased. At 3:18 p.m. today (August 7, Vietnam time), the world spot gold price was at 3,379.8 USD/ounce, up 2.2 USD/ounce compared to early this morning.
Domestic gold bar prices this afternoon were also adjusted up following the developments of world gold prices.
At 2:45 p.m., the price of SJC 9999 gold was raised to 122.7-124.1 million VND/tael (buy - sell), an increase of 300,000 VND/tael in both buying and selling compared to this morning.
Domestic gold ring prices fluctuated little this morning.
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC | 116,800,000 | 0 | 119,300,000 | 0 |
| Doji | 117,500,000 | 0 | 120,000,000 | 0 |
SJC and Doji gold ring price list updated on the afternoon of August 7
Opening the trading session on August 7, the price of SJC 9999 gold remained unchanged compared to yesterday's closing session, trading at 122.4-123.8 million VND/tael (buy - sell).
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC HCMC | 122,700,000 | + 300,000 | 124,100,000 | + 300,000 |
| Doji Hanoi | 122,700,000 | + 500,000 | 124,100,000 | + 300,000 |
| Doji HCMC | 122,700,000 | + 500,000 | 124,100,000 | + 300,000 |
SJC and Doji gold bar price list updated on the afternoon of August 7
World gold prices edged up slightly this morning. At 9:32 a.m. today (August 7, Vietnam time), the world spot gold price was at 3,377.6 USD/ounce, up 7.6 USD/ounce compared to last night.
On the morning of August 7 , the world gold price converted to USD bank price was nearly 108.5 million VND/tael, including tax and fees, about 15.3 million VND/tael lower than the domestic gold price.
As of 8:10 p.m. on August 6 (Vietnam time), the spot gold price on the international market was at $3,370/ounce. Gold for December 2025 delivery on the Comex New York floor was at $3,425/ounce.
Compared to the end of 2024, the world gold price has increased by about 28.4%, equivalent to 745 USD/ounce. Converted according to the USD exchange rate at the bank, the world gold price is equivalent to 108.3 million VND/tael (including taxes and fees), about 15.5 million VND/tael lower than the domestic gold price at the same time.
Gold prices on the New York floor on the evening of August 6 (Vietnam time) decreased by about 10-15 USD compared to the previous session, from the highest level of 3,385 USD/ounce. The main reason was profit-taking pressure after a series of strong increases.
Previously, gold had a very strong breakout session and moved to a new price range, between 3,350-3,400 USD/ounce. Gold has tended to fluctuate in this price range for about a week.
With the new developments, profit-taking pressure tends to increase sharply when gold approaches the threshold of 3,400 USD/ounce and bottom-fishing demand increases rapidly when gold falls to the threshold of 3,350 USD/ounce.
Gold rose again as European and US stocks rose slightly after several sessions of selling pressure. Trade tensions between the US and the European Union (EU) and between the US and India caused US stocks to fall in previous sessions.
When high-risk assets, such as stocks, decline, gold prices typically rise and vice versa.
Profit-taking pressure was quite strong and it pulled down gold prices even when the USD was weakening. The DXY index - measuring the greenback's fluctuations against a basket of six major currencies in the world - fell 0.4% to 98.39 points on the night of August 6.
Gold fell despite a surge in oil, its closest relative. WTI crude rose nearly 1.8% to $66.32 a barrel. That led to higher commodity prices, which in turn led to higher inflation, supporting gold.
The recent sharp outflow of money from the cryptocurrency market also helped to prevent gold from falling. Bitcoin fell 0.2% to $113,980/BTC, well below its peak of nearly $120,000/BTC.
Domestically, gold prices are hovering at a historic peak. By the end of the trading session on August 6, the price of 9999 gold bars at SJC and Doji was listed at VND122.4-123.8 million/tael (buy-sell), unchanged in both directions compared to the previous session despite the world price decrease. This price is only slightly lower than the historical peak of VND124 million/tael (recorded on April 22).
SJC announced the price of gold rings of type 1-5 at only 116.8-119.3 million VND/tael (buy - sell), unchanged from the previous session. Doji announced the price of plain rings at 117.5-120 million VND/tael (buy - sell).
Gold Price Forecast
Gold is under profit-taking pressure after a strong increase and a breakout from the $3,300-3,350/ounce range to the $3,350-3,400/ounce range. However, in the long term, the outlook for gold prices remains quite bright.
In a report recently published by Bloomberg, the amount of gold bars held in warehouses linked to the Shanghai Futures Exchange has skyrocketed to a record high - a sign that gold demand is recovering strongly in China.
More than 36 tonnes of gold bars have been registered for futures trading. Traders and banks take advantage of the price difference between futures and physical gold.
"This shows that there is very strong demand for gold trading in China," John Reade, senior market strategist at the World Gold Council (WGC), told Kitco. Traders and banks have taken advantage of the price difference, buying cheaper gold on the spot market and delivering it to the exchange's warehouses. The gold can then be used to offset futures sales, allowing them to close out their positions at a profit.
According to WisdomTree experts, gold still has five key macro drivers to push prices to new record highs and if the Donald Trump administration pursues a monetary easing policy, thereby pushing the USD down.
Since hitting an all-time high of $3,500 an ounce on April 22, gold has ranged between $3,180 and $3,400 an ounce, according to analysts. The $3,180 an ounce level coincides with the 76.4% Fibonacci retracement level.
WisdomTree predicts that by the second quarter of 2026, gold prices could reach $3,850 per ounce. This is now a “recharging” phase, setting the stage for a strong increase in gold prices.
Source: https://vietnamnet.vn/gia-vang-hom-nay-7-8-2025-giam-manh-do-ap-luc-chot-loi-2429447.html
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