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Gold price today 8/5/2025: Maintained at high level

(Baohatinh.vn) - Gold price today August 5, 2025: gold bar and gold ring prices, although decreasing in selling price, still remain high.

Báo Hà TĩnhBáo Hà Tĩnh05/08/2025

Gold price today 8/5/2025

At the time of survey at 4:30 a.m. on August 5, 2025, the price of gold bars was listed by some businesses specifically as follows:

The price of SJC gold bars was listed by Saigon Jewelry Company, Bao Tin Minh Chau and PNJ at 121.7-123.3 million VND/tael (buy - sell), an increase of 200,000 VND/tael for buying and a decrease of 200,000 VND/tael for selling compared to yesterday.

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Gold price today August 5, 2025. Illustration photo

Meanwhile, the price of SJC gold at Phu Quy was traded by businesses at 120.5-123.2 million VND/tael (buy - sell), the gold price remained unchanged in the buying direction and decreased by 200,000 VND/tael in the selling direction compared to yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 122.2-123.2 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 700,000 VND/tael for buying and remained unchanged for selling.

Regarding ring gold, the price of 9999 Hung Thinh Vuong round ring gold at DOJI is listed at 117.-119.5 million VND/tael (buy - sell); the price remains unchanged in both buying and selling directions compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 117.2-120.2 million VND/tael (buy - sell); unchanged in both buying and selling directions compared to yesterday.

World gold price today August 5, 2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 4:30 a.m. today, Vietnam time, was at 3,377.37 USD/ounce. Today's gold price increased by 0.44% compared to yesterday. Converted according to the USD exchange rate on the free market (26,429 VND/USD), the world gold price is 107.6 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is about 15.7 million VND/tael higher than the international gold price.

Diễn biến giá vàng thế giới trong 24h qua.

World gold price developments in the past 24 hours.

Gold prices continued to rise for a third consecutive session, after economic data released last week raised expectations that the US Federal Reserve (Fed) will cut interest rates.

"The likelihood of a Fed rate cut in September is now stronger and the probability of another cut in December is even higher. Combined with inflationary pressures, this makes the gold market very attractive," said Daniel Pavilonis, senior market strategist at RJO Futures.

Traders now see an 85% chance of a Fed rate cut in September, up from just over 63% a week ago, according to CME's FedWatch tool. Gold typically benefits from low interest rates and is also seen as an effective hedge against inflation.

U.S. Trade Representative Jamieson Greer said the tariffs President Donald Trump imposed on dozens of countries last week will likely remain in place and not be reduced during further negotiations.

Under the President's decree, the US imposed a 35% tax on many goods from Canada, 50% on Brazil, 25% on India, 20% on Taiwan and 39% on Switzerland.

In other precious metals markets, spot silver rose 0.8% to $37.33 an ounce. Platinum edged up 0.5% to $1,322.03 an ounce, while palladium fell 1.9% to $1,184.75 an ounce, its lowest in more than two weeks. “There is still room for palladium to rise and is likely to rebound, with support below $1,180 an ounce and resistance above $1,230 an ounce,” Pavilonis added.

Source: https://baohatinh.vn/gia-vang-hom-nay-582025-duy-tri-o-muc-cao-post293094.html


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