SJC gold bar price reached nearly 127 million VND/tael, nearly 20 million VND higher than international gold price.

In fact, international gold prices increased in the last sessions of the week after the long-awaited speech of the Chairman of the US Federal Reserve (Fed) Mr. Powell at the annual conference of central banks organized by the Fed.

The reason for gold prices to stay high is the decline in the health of the US dollar. Fed Chairman Jerome Powell has left open the possibility of cutting interest rates in September 2025. In his speech, Mr. Powell emphasized the dual risks to the economy when inflation increases while economic activity slows, but he also pointed out that there is still room to loosen monetary policy.

SJC gold bar price reached 127 million VND/tael, nearly 20 million VND higher than international gold.

However, financial and monetary experts warn that rising inflationary pressures could complicate the Fed's monetary policy. Therefore, gold prices remain high, but analysts say that any change in the Fed's policy direction could limit the further rise of the precious metal, but the market still expects gold to increase.

This week, 13 analysts participated in the Kitco News Gold Survey, with none predicting a decline. Of those, 8 (62%) see gold rising this week, while 5 (38%) are neutral. In addition, Kitco recorded 194 votes from retail investors in the online survey. Despite the slight decline in optimism, the overall sentiment remains positive: 115 investors (59%) expect gold prices to rise, 35 (18%) see a decline, and 44 (23%) see gold moving sideways.

Financial analysts believe that the unpredictable fluctuations in the global financial market are increasing the possibility that gold prices will continue to rise. In an optimistic scenario, this expert predicts that the world gold price could reach the 4,000 USD/ounce mark in the first quarter of 2026.

According to the CME FedWatch tool, the market is expecting two more rate cuts before the end of the year. Gold always benefits in a low-interest-rate environment and is considered a safe haven for investors in the context of inflation.

The increase in international gold prices has led to an increase in domestic SJC gold bar prices. On August 25, Saigon Jewelry Company - SJC increased the price of SJC gold bars by 300,000 VND per tael, buying at 125.9 million VND, selling at 126.9 million VND. The price of SJC gold rings also increased by 100,000 - 200,000 VND per tael, listed at 118.8 - 121.4 million VND/tael (buying-selling).

Converted according to the exchange rate at Vietcombank , world gold is equivalent to about 107.3 million VND/tael, nearly 14 million lower than gold rings and nearly 19.6 million VND/tael lower than SJC gold bars, approaching the previous record of about 20 million VND/tael.

The central exchange rate today (August 25) was adjusted down by 7 VND, to 25,291 VND/USD. With a margin of 5%, the current USD exchange rate that commercial banks are allowed to trade is from 24,026 - 26,556 VND/USD. Vietcombank buys by transfer at 26,160 VND/USD, sells at 26,520 VND/USD.

Source: https://baodautu.vn/gia-vang-mieng-sjc-dat-gan-127-trieu-dongluong-cao-hon-vang-quoc-te-gan-20-trieu-dong-d346207.html