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Gold price today August 8: Gold bars surpass 124 million VND

(Baohatinh.vn) - Gold price today August 8: Gold price exceeds 124 million VND/tael, 12.5 million higher than the world price; international gold price hits 2-week peak thanks to expectations of Fed interest rate cut and trade tensions.

Báo Hà TĩnhBáo Hà Tĩnh07/08/2025

Domestic gold price today 8/8

As of 5:00 a.m. today, August 8, the domestic gold bar price increased to over 124 million.

DOJI Group listed the price of SJC gold bars at 122.7-124.1 million VND/tael (buy - sell), an increase of 500 thousand VND/tael for buying - an increase of 300 thousand VND/tael for selling 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 remained unchanged in both buying and selling directions 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 123-124 million VND/tael for buying and selling. Compared to yesterday, the gold price remained unchanged for buying - increased by 200 thousand VND/tael for selling.

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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 remains unchanged in both buying and selling directions 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 5:00 a.m. on August 8, 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.

Gold price list today 8/8

Gold price today August 8, 2025 (Million VND) Difference (thousand VND/tael)
Buy Sell Buy Sell
SJC in Hanoi 122.4 123.8 - -
DOJI Group 122.7 124.1 +500 +300
Red Eyelashes 123 124 - +200
PNJ 122.4 123.8 - -
Bao Tin Minh Chau 122.4 123.8 - -
Phu Quy 121.2 123.8 - -
1. DOJI - Updated: August 8, 2025 04:00 - Source website time - ▼/▲ Compared to yesterday.
AVPL/SJC HN 122,700 ▲500K 124,100 ▲300K
AVPL/SJC HCM 122,700 ▲500K 124,100 ▲300K
AVPL/SJC DN 122,700 ▲500K 124,100 ▲300K
Raw material 9999 - HN 110,000 111,000
Raw material 999 - HN 109,900 110,900
2. PNJ - Updated: August 8, 2025 04:00 - Time of the source website - ▼/▲ 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: 8/8/2025 04:00 - Source website time - ▲/▼ Compared to yesterday.
SJC Gold 1L, 10L, 1KG 122,400 123,800
SJC gold 5 chi 122,400 123,820
SJC gold 0.5 chi, 1 chi, 2 chi 122,400 123,830
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% 116,700 118,700
Jewelry 99% 113,024 117,524
Jewelry 68% 73,674 80,874
Jewelry 41.7% 42,452 49,652

World gold price today 8/8

According to Kitco, the world gold price recorded at 4:00 a.m. on August 8, Vietnam time, was 3,389.08 USD/ounce. Today's gold price increased by 17.39 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,400 VND/USD), the world gold price is about 111.3 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 12.5 million VND/tael higher than the international gold price.

Gold prices rose to their highest level in more than two weeks on Tuesday, boosted by safe-haven demand after the US imposed import tariffs and jobs data raised expectations that the Federal Reserve could cut interest rates.

Spot gold rose 0.52% to its highest since July 23. Meanwhile, US gold futures also rose nearly 0.7% to $3,455.60.

Trade and geopolitical conflicts are driving demand for gold as a safe haven, experts say. The US has imposed higher tariffs on imports from several countries, including Switzerland, Brazil and India, forcing these partners to renegotiate trade deals.

In addition, the number of Americans filing for unemployment benefits rose to a one-month high, indicating signs of a slowing labor market. This reinforced expectations that the Fed will cut interest rates in the near future.

The Bank of England (BoE) has decided to cut its benchmark interest rate, sending the price of gold in British pounds up slightly. This morning, the BoE cut interest rates by 0.25%, from 4.25% to 4.00%. Of the nine members of the Monetary Policy Committee, five supported the cut, while four wanted to keep the rate unchanged.

Gold is often seen as a store of value during times of economic or political uncertainty. In addition, when interest rates fall, gold becomes more attractive because it does not offer a fixed return like bonds or bank deposits.

Weak U.S. jobs data last week pushed the odds of a 25 basis point rate cut next month to more than 91%. Some Fed officials have also expressed concerns about the labor situation and said two rate cuts this year are necessary.

Besides gold, spot silver also rose 1.5% to $38.40 an ounce, the highest since July 25. Platinum edged up 0.2% to $1,335.60, while palladium rose 2.5% to $1,159.93.

Source: https://baohatinh.vn/gia-vang-hom-nay-88-vang-mieng-vuot-moc-124-trieu-dong-post293298.html


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