Domestic gold bar price today (August 5)
The brands DOJI , SJC, PNJ, Bao Tin Minh Chau all traded gold bars 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.
Phu Quy SJC kept the same buying price, trading at 120.5 million VND/tael, 1 million VND/tael lower than other brands; selling price decreased by 200,000 VND/tael compared to early this morning, trading at 123.3 million VND/tael.
Domestic gold bar prices updated at 5:00 a.m. August 5 as follows:
Yellow | Area | Early morning 4-8 | Early morning 5-8 | Difference | ||||||
Buy | Sell | Buy | Sell | Buy | Sell | |||||
Unit of measure: Million VND/tael | Unit of measure: Thousand dong/tael | |||||||||
DOJI | 121.5 | 123.5 | 121.7 | 123.3 | +200 | -200 | ||||
Ho Chi Minh City | 121.5 | 123.5 | 121.7 | 123.3 | +200 | -200 | ||||
SJC | Ho Chi Minh City | 121.5 | 123.5 | 121.7 | 123.3 | +200 | -200 | |||
Hanoi | 121.5 | 123.5 | 121.7 | 123.3 | +200 | -200 | ||||
Danang | 121.5 | 123.5 | 121.7 | 123.3 | +200 | -200 | ||||
PNJ | Ho Chi Minh City | 121.5 | 123.5 | 121.7 | 123.3 | +200 | -200 | |||
Hanoi | 121.5 | 123.5 | 121.7 | 123.3 | +200 | -200 | ||||
Bao Tin Minh Chau | Nationwide | 121.5 | 123.5 | 121.7 | 123.3 | +200 | -200 | |||
Phu Quy SJC | Nationwide | 120.5 | 123.5 | 120.5 | 123.3 | - | -200 | |||
Domestic gold ring price today
Today's gold ring price decreased in some brands, listed at the highest price of 120.2 million VND/tael for sale. Bao Tin Minh Chau, PNJ and DOJI gold rings all had stable prices compared to yesterday's trading session.
Specifically, SJC listed the price of gold rings at 116.3 - 118.8 million VND/tael (buy - sell), down 200,000 VND/tael in both directions.
PNJ and DOJI both traded gold rings at 117 - 119.5 million VND/tael (buy - sell), equal to yesterday's price in both directions.
Bao Tin Minh Chau brand gold rings are listed at 117.2 - 120.2 million VND/tael (buy - sell), equal to yesterday's price in both directions.
Phu Quy brand listed the price of gold rings at 116 - 119 million VND/tael (buy - sell), down 200,000 VND/tael in both directions.
World gold price today
In the world gold market, Spot gold prices today increased sharply compared to yesterday morning, listed around the threshold. 3,376.1 USD/ounce (equivalent to 107.7 million VND/tael, converted at Vietcombank exchange rate, excluding taxes and fees).
World gold prices generally increased by 0.01% in the past 24 hours and increased by 1.13% in the past 30 days.
Currently, world gold is about 15.6 million VND/tael lower than domestic gold price.
Investors are concerned about the economic outlook and the US stock market, in the context of US President Donald Trump and US Federal Reserve Chairman Jerome Powell disagreeing on interest rate policy.
World gold price go up amid a less-than-expected US jobs report, leading to expectations that the Fed will cut interest rates more than expected. Recent economic data shows that the US economy is showing signs of weakness. Experts say that lower-than-expected US jobs data increases the possibility that the Fed will cut interest rates later this year.
US President Donald Trump's latest wave of tariffs on exports from many important trading partners such as Canada, Brazil, India... also caused the global market to plummet, thereby supporting gold prices.
The People's Bank of China, the Central Bank of India and some developing countries are said to continue to increase their gold reserves, in order to diversify assets and reduce dependence on the USD. In addition, the international market has seen a speculative gold sentiment, in the context of the US stock market starting to show signs of adjustment. Investors have returned to gold as an effective risk allocation channel. In addition, geopolitical tensions are still simmering in many regions and may increase in some new regions, also contributing to the impact on gold prices.
Gold has surged above $3,370 an ounce despite a stronger dollar. Analysts at Citigroup said that concerns about U.S. growth and tariff-related inflation are expected to remain high in the second half of 2025. This, combined with a weaker dollar, will push gold prices to new record highs.
Citi said its higher gold price forecast is also supported by weaker US labor data in Q2-2025, growing concerns about the Fed's credibility and the reliability of US statistics, as well as escalating geopolitical risks.
Citi estimates that total gold demand has increased by more than 33% since mid-2022, which has caused gold prices to nearly double in the second quarter of this year. Citi analysts cited strong investment demand, steady central bank buying and resilient jewelry demand despite higher gold prices.
Source: https://baolangson.vn/gia-vang-hom-nay-5-8-vang-mieng-dong-loat-giam-5055140.html
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