The price of 9999 SJC gold bars is 68.05 million VND/ounce.

Domestic gold prices

At the close of trading on August 26th, the price of 9999 gold bars at SJC Ho Chi Minh City was 67.35 million VND/ounce (buying price) and 68.05 million VND/ounce (selling price). SJC Hanoi listed the price at 67.35 million VND/ounce (buying price) and 67.97 million VND/ounce (selling price).

Doji Hanoi listed gold at 67.2 million VND/ounce (buying price) and 68.1 million VND/ounce (selling price). Doji Ho Chi Minh City bought SJC gold at 67.3 million VND/ounce and sold it at 68 million VND/ounce.

International gold prices

On the global market, the spot gold price on the Kitco exchange on August 26th (at 6 PM, Vietnam time) was trading at $1,914 per ounce.

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Gold prices continued their decline today, May 28, 2026, amid optimism about a US-Iran trade deal, and a Southeast Asian nation unexpectedly following India's lead in imposing a gold tax.Gold prices fell sharply today, May 28, 2026, as oil prices cooled and safe-haven sentiment weakened. The prospect of an agreement between the US and Iran, helping to ease tensions in the Middle East, continues to put pressure on the gold market.

World gold prices are relatively stable. (Image: Kitco)

In a speech from Jackson Hole, Jerome Powell, Chairman of the US Federal Reserve (Fed), said that further interest rate increases may be necessary to bring inflation down from its current excessively high levels.

The Fed will act cautiously when deciding whether to further tighten or keep interest rates unchanged, and will wait for further economic data. The Fed's goal is to bring inflation back to its 2% target.

The US dollar index (DXY), a measure of the USD against six other major currencies, rose 0.2% to 104.14. The yield on 2-year US Treasury bonds closed at 5.08%, the highest since June 2007.

US economic data continues to play a crucial role in gold market sentiment. The gold market as a whole is currently stuck in a "wait-and-see" mode.

Gold price forecast

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Craig Erlam, senior market analyst at Oanda, believes that gold's upward momentum may be limited in the near future. Information from the Fed conference and its stance suggests that interest rates will continue to remain high, and the US dollar is appreciating. This is unfavorable for gold.

Christopher Vecchio, head of futures and foreign exchange at Tastylive, said economic uncertainty in China and the threat of stagflation in Europe will support safe-haven demand for gold. However, the market is not yet ready for higher prices. Gold prices could trade around $1,900 per ounce.

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