The trading session on August 9 ended with no price fluctuations in the market. The SJC gold bar and gold ring brands maintained their closing prices on August 8.
Domestic gold ring prices fluctuated little this morning.
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC | 117,300,000 | 0 | 119,800,000 | 0 |
| Doji | 117,500,000 | 0 | 120,000,000 | 0 |
SJC and Doji gold ring price list updated on the morning of August 9
At the beginning of the trading session on August 9, the price of SJC 9999 gold remained unchanged compared to the closing session yesterday, trading at 123.2-124.4 million VND/tael (buy - sell).
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC HCMC | 123,200,000 | 0 | 124,400,000 | 0 |
| Doji Hanoi | 123,200,000 | 0 | 124,400,000 | 0 |
| Doji HCMC | 123,200,000 | 0 | 124,400,000 | 0 |
SJC and Doji gold bar price list updated on the morning of August 9
World gold prices increased this morning. At 9:03 am today (August 9, Vietnam time), the world spot gold price was at 3,397.6 USD/ounce, up 2.6 USD/ounce compared to last night.
On the morning of August 9 , the world gold price converted to USD bank price was over 109.1 million VND/tael, including tax and fees, about 15.3 million VND/tael lower than the domestic gold price.
At 8:00 p.m. on August 8 (Vietnam time), the spot gold price was at $3,395/ounce, up 0.48% from the beginning of the session. The gold futures price for September 2025 delivery on the Comex New York floor was trading at $3,438/ounce.
The US's surprise decision to impose import duties on 1kg and 100-ounce gold bars is expected to create a major shock in the global gold market and put direct pressure on Switzerland, the world's largest gold refining center.
According to a July 31 ruling by U.S. Customs and Border Protection (CBP), the two popular gold bars will be subject to customs duty, a move that is in stark contrast to expectations that gold would be exempt from tariffs under President Donald Trump’s tariffs.
This US ruling is expected to change the flow of gold trade and could have a strong impact on global prices and supply chains.
The 1kg gold bar is the main traded product on the Comex, the world's largest gold futures market, and accounts for the majority of Switzerland's gold exports to the US.
Switzerland’s surge in gold exports to the US has become a flashpoint in bilateral trade talks. This year’s surge in gold imports has pushed up the US trade deficit with Switzerland, leading to the recent tariffs.
In a notable development, President Trump’s advisers are impressed with Federal Reserve Governor Christopher Waller. They appreciate his policy flexibility, based on forecasts and deep knowledge of the central banking system. Mr. Waller is one of the leading candidates for the position of Fed Chairman.
The White House has issued a cautious statement. Spokesman Kush Desai said President Trump will continue to nominate the most qualified and experienced individuals.
In addition, Mr. Trump also announced his choice of Chairman of the Council of Economic Advisers Stephen Miran to replace Fed Governor Adriana Kugler, although this nomination will not take effect until January next year.
Nymex crude oil futures rose slightly, currently trading around $64.5 a barrel.
Meanwhile, the yield on 10-year US Treasury bonds is holding steady at around 4.25%.
Domestic gold market on August 8, SJC gold bar price closed at 123.2-124.4 million VND/tael (buy - sell), increased 800 thousand VND/tael for buying and 600 thousand VND/tael for selling compared to the closing price of yesterday's trading session.
The price of 1-5 chi SJC gold rings is listed at 117.3-119.8 million VND/tael (buy - sell), an increase of 500 thousand VND/tael compared to 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).
Gold Price Forecast
According to Mr. Brian Lan, CEO of GoldSilver Central, a precious metals trading company based in Singapore, the US imposition of tariffs on gold bullion is creating significant barriers in the payment operations of major banks.
Mr. Lan explained that this decision caused disruptions in transactions and reduced market liquidity. This was the main reason for the widespread spike in gold prices during the trading session.
The US move not only directly impacts the supply chain, but also indirectly causes instability, making it difficult for traders to price and execute large transactions, thereby pushing up the price of this precious metal.
Louise Street, Senior Market Analyst at the World Gold Council (WGC), said that after a strong first half of 2025, gold prices are likely to trade in a narrower range in the second half of the year.
“Gold has rallied 26% in US dollar terms in the first half of the year,” said Street. Any economic downturn or geopolitical uncertainty could reinforce gold’s status as a safe haven asset, providing the impetus to push prices to new highs.
Source: https://vietnamnet.vn/gia-vang-hom-nay-9-8-2025-my-ap-thue-cao-sjc-pha-dinh-lich-su-2430158.html
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