Gold price today August 7: Domestic gold price increased slightly, world gold price decreased slightly due to profit taking

Gold price today August 7, 2025: Domestic gold price increased slightly in the buying direction. World gold price decreased slightly due to profit taking.

Domestic gold price today August 7, 2025

As of 4:30 a.m. today, August 7, 2025, the domestic gold bar price increased slightly in the buying direction. Specifically:

The price of SJC gold bars listed by DOJI Group is at 122.2-123.8 million VND/tael (buy - sell), the price remains unchanged in both buying and selling directions compared to yesterday.

At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 122.4-123.8 million VND/tael (buy - sell), the price increased by 200 thousand VND/tael in the buying direction - unchanged in the selling direction compared to the closing price on August 6 yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 123-123.8 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 400 thousand VND/tael for buying - unchanged for selling.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 122.4-123.8 million VND/tael (buy - sell), the price increased by 200 thousand VND/tael in the buying direction - unchanged in the selling direction compared to the same period yesterday.

SJC gold price at Phu Quy is traded by businesses at 121.2-123.8 million VND/tael (buy - sell), gold price remains unchanged in both buying and selling directions compared to yesterday.

As of 4:30 a.m. on August 7, 2025, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 117.5-120 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 117.8-120.8 million VND/tael (buy - sell); unchanged in both buying and selling directions compared to yesterday.

The latest gold price list today, August 7, 2025 is as follows:

Gold price today	August 7, 2025 (Million VND)		Difference (thousand VND/tael)
	Buy	Sell	Buy	Sell
SJC in Hanoi	122.4	123.8	+200	-
DOJI Group	122.2	123.8	-	-
Red Eyelashes	123	123.8	+400	-
PNJ	122.4	123.8	+200	-
Bao Tin Minh Chau	122.4	123.8	+200	-
Phu Quy	121.2	123.8	-	-

1. DOJI - Updated: 8/7/2025 04:30 - Source website time - ▼/▲ Compared to yesterday.
Domestic gold price	Buy	Sell
AVPL/SJC HN	122,200	123,800
AVPL/SJC HCM	122,200	123,800
AVPL/SJC DN	122,200	123,800
Raw material 9999 - HN	110,000	111,000
Raw material 999 - HN	109,900	110,900

2. PNJ - Updated: 8/7/2025 04:30 - Source website time - ▼/▲ Compared to yesterday.
SJC 999.9 gold bar	122,400	123,800
PNJ 999.9 Plain Ring	117,500	120,000
Kim Bao Gold 999.9	117,500	120,000
Gold Phuc Loc Tai 999.9	117,500	120,000
PNJ Gold - Phoenix	117,500	120,000
999.9 gold jewelry	116,300	118,800
999 gold jewelry	116,180	118,680
9920 jewelry gold	115,450	117,950
99 gold jewelry	115,210	117,710
916 Gold (22K)	106,420	108,920
750 Gold (18K)	81,750	89,250
680 Gold (16.3K)	73,430	80,930
650 Gold (15.6K)	69,870	77,370
610 Gold (14.6K)	65,120	72,620
585 Gold (14K)	62,150	69,650
416 Gold (10K)	42,070	49,570
375 Gold (9K)	37,200	44,700
333 Gold (8K)	31,850	39,350

3. SJC - Updated: 8/7/2025 04:30 - Source website time - ▲/▼ Compared to yesterday.
SJC Gold 1L, 10L, 1KG	122,400 ▲200K	123,800
SJC gold 5 chi	122,400 ▲200K	123,820
SJC gold 0.5 chi, 1 chi, 2 chi	122,400 ▲200K	123,830
SJC 99.99% gold ring 1 chi, 2 chi, 5 chi	116,800	119,300
SJC 99.99% gold ring 0.5 chi, 0.3 chi	116,800	119,400
Jewelry 99.99%	116,700 ▼100K	118,700
Jewelry 99%	113,024	117,524
Jewelry 68%	73,674 ▼300K	80,874
Jewelry 41.7%	42,452 ▼300K	49,652

World gold price today August 7, 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 7, Vietnam time, was 3,377.04 USD/ounce. Today's gold price decreased by 6.77 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,420 VND/USD), the world gold price is about 111 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 12.8 million VND/tael higher than the international gold price.

Gold prices fell slightly as investors booked profits after hitting a near two-week high in the previous session, while the market turned its attention to US President Donald Trump's upcoming nominations for the Federal Reserve.

Specifically, spot gold prices fell 0.2%, after hitting a nearly two-week high yesterday. Meanwhile, gold futures prices fell 0.2% to $3,427.10.

"We view this as a mild correction... a bit of profit-taking after the recent rally amid low economic volatility and easing safe-haven demand," said David Meger, director of metals trading at High Ridge Futures.

Gold has risen for three straight sessions after weaker-than-expected U.S. jobs data last Friday. Markets now see a more than 87% chance of a Fed rate cut in September, up from 63% previously, according to CME FedWatch.

President Trump said Tuesday that he will announce his nominees for the Fed Board of Governors before the end of the week and has narrowed the list of candidates to replace Chairman Jerome Powell.

"Concerns about Russian sanctions have been one of the factors supporting platinum and palladium prices in recent weeks. Therefore, the prospect of easing US-Russia tensions has caused prices of these two metals to fall in recent sessions," Meger stressed. Russia is a major global supplier of palladium and platinum.

US special envoy Steve Witkoff held "useful and constructive" talks with Russian President Vladimir Putin, just two days before a Trump-set deadline for Russia to agree to peace in Ukraine or face new sanctions, a Kremlin aide said.

Besides gold prices, spot silver prices edged up 0.1% to $37.86 an ounce, platinum rose 1% to $1,334.05, while palladium fell 2.2% to $1,147, its lowest level since July 11.

Gold Price Forecast

American multinational financial group Citigroup has just adjusted its gold price forecast for the next 3 months to $3,500/ounce, compared to $3,300/ounce given in June 2025. The expected price range has also been raised, from $3,100 - $3,500/ounce to $3,300 - $3,600/ounce.

The US asset management company WisdomTree believes that there are five major economic factors that could push gold prices to new record levels. Notably, if the Trump administration really pursues a policy of devaluing the USD, the price of $5,355/ounce by the end of June 2026 (up 58.6% compared to the present) is considered a fairly conservative forecast.

According to the World Gold Council (WGC), central banks bought a net 22 tonnes of gold in June, bringing the total purchases in the first half of the year to 123 tonnes.

Gold demand has increased slightly for three consecutive months, but is still lower than the same period in 2024, said Krishan Gopaul, senior analyst for EMEA at the WGC.

Recently, the price of gold has fluctuated strongly with sudden increases and decreases. However, it can be seen that gold has established a new higher price range. If the price previously fluctuated around 3,300 - 3,350 USD/ounce, it has now moved up to the range of 3,350 - 3,400 USD/ounce.

Every time the gold price drops to $3,350/ounce, buying demand increases sharply, showing that this has become a new support level for more than a week.

Amid rising trade and geopolitical tensions, gold has more supportive factors and could reach $3,400/ounce as many recent forecasts have suggested.

In the long term, gold prices could be supported by the bearish trend of the US dollar. The greenback has fallen sharply since the beginning of the year due to expectations of US interest rate cuts and loose monetary policy under Mr. Trump.

Many experts predict that gold prices will exceed $3,400/ounce in September when the Fed begins to cut interest rates, and could increase further if the US central bank continues to loosen monetary policy.

Source: https://baonghean.vn/gia-vang-hom-nay-7-8-gia-vang-trong-nuoc-tang-nhe-the-gioi-giam-nhe-do-chot-loi-10303970.html