Domestic gold price jumped sharply to a new record of 126.6 million VND

This morning (August 23), domestic gold prices jumped sharply to 126.6 million VND per tael following the increase in world gold prices after the US Federal Reserve (Fed) left open the possibility of cutting interest rates as early as September 2025.

At 10:30 a.m., SJC gold price at Saigon Jewelry Company and Doji Company was listed at 125.6-126.6 million VND/tael (buy/sell), while at Phu Quy Company it was announced at 124.6-126.6 million VND/tael, both increased by 1.2 million VND/tael.

At the same time, the price of gold rings at Phu Quy Company was from 118.3-121.3 million VND/tael (buy/sell), an increase of 1.1 million VND/tael; and at Bao Tin Minh Chau Company, it was from 118.7-121.7 million VND/tael, also an increase of 1.1 million VND/tael.

This morning, the difference between buying and selling prices was still maintained at a high level by businesses, in which SJC gold fluctuated from 1-2 million VND/tael, and ring gold was 3 million VND/tael.

In the world, the precious metal fluctuated around 3,375 USD/ounce, up 38 USD/ounce compared to the same time last session. This price is equivalent to 107.9 million VND/tael when converted according to the USD exchange rate at Vietcombank .

The world gold market increased sharply after US Federal Reserve Chairman Jerome Powell gave a speech that investors assessed as paving the way for the possibility of cutting interest rates as early as September 2025.

Specifically, at the end of the session on August 22, the spot gold price increased by 1.1% to 3,373.89 USD/ounce, while the US gold futures price also increased by 1.1% and closed at 3,418.50 USD/ounce. The USD decreased by 1% on the same day, making gold cheaper for investors holding other currencies.

vietnamplus.vn

Source: https://baolaocai.vn/gia-vang-trong-nuoc-bat-tang-manh-len-muc-ky-luc-moi-1266-trieu-dong-post880299.html