Market 8/3/2025: SJC gold bars and gold rings increase sharply; week of strong fluctuations in gasoline prices

Domestic gold price today

Domestic gold bar prices increased sharply compared to yesterday morning. On the morning of August 3, gold bars of the brands SJC, DOJI , PNJ, Bao Tin Minh Chau were bought at 121.5 million VND/tael, an increase of 1.6 million VND/tael; sold at 123.5 million VND/tael, an increase of 2.1 million VND/tael compared to yesterday morning.

Particularly, Phu Quy SJC brand gold bars are being bought at a price 1 million VND lower than other brands. Phu Quy gold bars are bought at 120.5 million VND/tael, an increase of 1.1 million VND/tael; sold at 123.5 million VND/tael, an increase of 2.1 million VND/tael compared to this morning.

Today's gold ring price (August 3) of brands increased from 1 million to 2.1 million VND/tael compared to yesterday morning.

Specifically, SJC bought gold rings at 116.5 million VND/tael and sold at 119 million VND/tael, an increase of 1.9 million VND/tael in both directions.

DOJI traded gold rings at 117 - 119.5 million VND/tael, up 1 million VND/tael in both directions.

Bao Tin Minh Chau gold rings increased by 1 million VND/tael in both directions compared to yesterday morning, currently trading at 117.2 - 120.2 million VND/tael (buy - sell).

PNJ buys gold rings at 117 million VND/tael, an increase of 2.1 million VND/tael; sells at 119.5 million VND/tael, an increase of 1.4 million VND/tael.

Phu Quy traded gold rings at 116.2 - 119.2 million VND/tael, up 1.3 million VND/tael in both directions.

Domestic gold bar prices updated on the morning of August 3 as follows:

Yellow	Area	Early morning 2/8				Early morning 3/8			Difference
		Buy	Sell			Buy	Sell		Buy	Sell
		Unit of measure: Million VND/tael							Unit of measure: Thousand dong/tael
DOJI	Hanoi	119.9		121.4		121.5		123.5	+1,600	+2,100
	Ho Chi Minh City	119.9		121.4		121.5		123.5	+1,600	+2,100
SJC	Ho Chi Minh City	119.9		121.4		121.5		123.5	+1,600	+2,100
	Hanoi	119.9		121.4		121.5		123.5	+1,600	+2,100
	Danang	119.9		121.4		121.5		123.5	+1,600	+2,100
PNJ	Ho Chi Minh City	119.9		121.4		121.5		123.5	+1,600	+2,100
	Hanoi	119.9		121.4	121.5			123.5	+1,600	+2,100
Bao Tin Minh Chau	Nationwide	119.9		121.4	121.5			123.5	+1,600	+2,100
Phu Quy SJC	Nationwide	119.4		121.4	120.5			123.5	+1,100	+2,100

World gold price today

World gold prices increased today, with spot gold prices at 3,364 USD/ounce. World gold prices generally increased by 2.22% in the past 24 hours, equivalent to an increase of 73 USD/ounce.

Thị trường 29/6/2025: Giá vàng đồng loạt giảm sâu, giá xăng dầu giảm sâu - Ảnh 1. — *World gold prices increased sharply over the weekend*

Gold prices rose 2% on Friday, hitting a one-week high, after weaker-than-expected U.S. jobs data reinforced expectations of a Federal Reserve interest rate cut. New tariff announcements also boosted demand for safe-haven assets.

Spot gold hit its highest since July 25, rising 1.8% to $3,347.66 an ounce at around 5:48 a.m. GMT (12:48 p.m. ET) on Aug. 1. For the week, the precious metal rose 0.4%. U.S. gold futures rose 1.5% to $3,399.80 an ounce.

World oil prices

In the first trading session of the week, world oil prices increased by more than 2%, after the US and EU reached a framework trade agreement. At the end of the trading session, Brent oil prices increased by 1.60 USD/barrel (equivalent to 2.3%), to 70.04 USD/barrel, WTI oil prices increased by 1.55 USD/barrel (equivalent to 2.4%), to 66.71 USD/barrel.

Entering the second trading session of the week, oil prices increased by more than 3% in the context of US President Donald Trump increasing pressure on Russia regarding the conflict in Ukraine.

Thị trường 29/6/2025: Giá vàng đồng loạt giảm sâu, giá xăng dầu giảm sâu - Ảnh 2. — *Although oil prices fell sharply in the last two trading sessions of the week, overall for the week, Brent oil prices still increased by nearly 6%, WTI oil prices increased by 6.29%.*

Oil prices continued to rise more than 1% in trading on July 31, as investors closely watched President Donald Trump's tough stance on Russia, along with warnings about new tariffs that could be applied to countries that buy Russian oil.

Market attention was focused on President Trump’s latest statement on Tuesday, which said the US would impose tough measures, including 100% secondary tariffs on Russia’s trading partners, if Moscow fails to make progress in ending the conflict with Ukraine within 10-12 days.

Meanwhile, the US Federal Reserve decided to keep interest rates unchanged in a divided meeting, while also giving no clear signal about when it might start easing policy, which also contributed to the unpredictable volatility of oil prices.

At the end of the fourth trading session of the week, world oil prices turned down in the context of investors increasingly concerned about the deadline for imposing new trade tariffs (from August 1) by the US on partners that have not reached a trade agreement with Washington. Accordingly, Brent oil prices fell 71 cents (equivalent to 0.97%) to 72.53 USD/barrel. WTI oil prices fell 74 cents (equivalent to 1.06%) to 69.26 USD/barrel.

Additionally, one of the factors impacting the oil market was that US inflation rose in June due to tariffs, increasing the price of imported goods such as home furnishings and entertainment products, thereby reinforcing the view that price pressures will increase in the second half of the year.

Domestic gasoline prices

Domestic retail prices of gasoline on August 3, specifically as follows:

- E5RON92 gasoline: No higher than 19,401 VND/liter

- RON95-III gasoline: No higher than 19,840 VND/liter

- Diesel 0.05S: Not higher than 19,068 VND/liter

- Kerosene: Not higher than 18,714 VND/liter

- Mazut oil 180CST 3.5S: Not higher than 15,533 VND/kg

The above domestic retail prices of gasoline and oil were adjusted by the Ministry of Industry and Trade - Ministry of Finance from July 31. Accordingly, the price of E5RON92 gasoline increased by 122 VND/liter; RON95-III gasoline increased by 131 VND/liter; diesel oil decreased by 61 VND/liter, kerosene increased by 86 VND/liter, and fuel oil increased by 154 VND/kg.

In this operating period, the Ministry of Industry and Trade - Ministry of Finance did not set aside or use the Petroleum Price Stabilization Fund for E5RON92 gasoline, RON95 gasoline, diesel oil, kerosene, and fuel oil.

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