Domestic gold price today
Brands SJC, PNJ, DOJI , Bao Tin Minh Chau simultaneously increased the price of gold bars by 500,000 VND/tael in both directions, listed at 122.2 - 123.8 million VND/tael (buy - sell).
Phu Quy SJC buys 1 million VND/tael lower than other gold brands, trading at 121.2 million VND/tael for buying and 123.8 million VND/tael for selling.
Thus, SJC gold bars are now approaching the historical peak (124 million VND/tael) set last April.
Similar to gold bars, today's gold ring price was adjusted by brands to increase by 500,000 - 700,000 VND/tael compared to yesterday morning, listed at the highest price of 120.8 million VND/tael for sale.
Specifically, SJC listed the price of gold rings at 116.8 - 119.3 million VND/tael (buy - sell), an increase of 500,000 VND/tael in both directions.
Phu Quy traded gold rings at 116.7 - 119.7 million VND/tael, an increase of 700,000 VND/tael in both directions.
PNJ and DOJI both traded gold rings at 117.5 - 120 million VND/tael, an increase of 500,000 VND/tael in both directions.
Bao Tin Minh Chau gold rings also increased the price of gold rings in both directions by 600,000 VND/tael, currently trading at 117.8 - 120.8 million VND/tael (buy - sell).
Domestic gold bar prices updated on the morning of August 6 as follows:
Yellow | Area | Early morning 5/8 | Early morning 6/8 | Difference | ||||||
Buy | Sell | Buy | Sell | Buy | Sell | |||||
Unit of measure: Million VND/tael | Unit of measure: Thousand dong/tael | |||||||||
DOJI | 121.7 | 123.3 | 122.2 | 123.8 | + 500 | + 500 | ||||
HCMC | 121.7 | 123.3 | 122.2 | 123.8 | + 500 | +500 | ||||
SJC | HCMC | 121.7 | 123.3 | 122.2 | 123.8 | +500 | +500 | |||
Hanoi | 121.7 | 123.3 | 122.2 | 123.8 | +500 | +500 | ||||
121.7 | 123.3 | 122.2 | 123.8 | +500 | +500 | |||||
PNJ | HCMC | 121.7 | 123.3 | 122.2 | 123.8 | +500 | +500 | |||
Hanoi | 121.7 | 123.3 | 122.2 | 123.8 | +500 | +500 | ||||
Bao Tin Minh Chau | Nationwide | 121.7 | 123.3 | 122.2 | 123.8 | +500 | +500 | |||
Phu Quy SJC | Nationwide | 120.5 | 123.3 | 121.2 | 123.8 | +700 | +500 | |||
World gold price today
The acceleration of the domestic gold market took place in the context of the world gold price also breaking out strongly. According to records this morning, the world spot gold price increased by 0.03% compared to yesterday morning and remained at a high of 3,382 USD/ounce (equivalent to 108 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees).
The gap between domestic and world gold prices remains very high. Converted according to Vietcombank exchange rate, each tael of world gold is currently 15.8 million VND/tael lower than the price of SJC gold bars.
World gold price continues to increase today, approaching the threshold of 3,400 USD/ounce
Thus, the world gold price today continued to increase, approaching the threshold of 3,400 USD/ounce. The main reason is believed to be due to the US labor market being weaker than expected, increasing the possibility of the US Federal Reserve (FED) cutting interest rates, thereby promoting the increase of this precious metal as investors seek gold as a safe haven.
Some analysts note that since hitting a historic peak of $3,500 on April 22, 2025, gold prices have been trading in a narrow range of $3,180 to $3,400 per ounce. Based on macro assumptions, analysts predict that gold prices could reach $3,850 per ounce in the second quarter of 2026, and the current period is like a "spring compression" - preparing for a strong gold price increase in the near future.
Meanwhile, Citigroup (a US multinational financial group) has just raised its forecast for world gold prices to $3,500/ounce in the next 3 months, from $3,300/ounce given in June 2025, with the trading threshold adjusted up from $3,100 - $3,500/ounce to $3,300 - $3,600/ounce. The main reasons include concerns about US economic growth, high inflation due to US President Donald Trump's tariff policy and a weakening USD.
World oil prices
World oil prices continued to fall in Tuesday's trading session as OPEC+'s increased production and concerns about weakening global oil demand put pressure on oil prices.
According to Reuters, at the end of the trading session on August 5, Brent oil price decreased by 1.12 USD/barrel, equivalent to 1.63%, to 67.64 USD/barrel; WTI oil price decreased by 1.13 USD/barrel, equivalent to 1.7%, to 65.16 USD/barrel. Both types of oil fell to the lowest price in the past 5 weeks.
Gasoline prices continue to decrease in trading session on August 5
In addition, US service sector activity unexpectedly slowed in July, with orders flat and the labor market no longer as vibrant as before, while input costs increased the most in nearly three years. This situation shows that businesses are being affected by the tax policies of President Donald Trump's administration.
The market is watching for news that India and China will cut back on crude purchases from Russia to find alternative sources, said Andrew Lipow.
According to Reuters, US President Donald Trump continued to threaten higher tariffs on Indian goods because the country continues to buy oil from Russia. Mr. Trump also said that falling energy prices could pressure Russian President Vladimir Putin to end the conflict in Ukraine. In response, New Delhi said the threat was "absurd" and pledged to protect India's economic interests.
However, PVM brokerage analyst John Evans said the oil market's reaction showed investors did not believe there would be a disruption in supply and questioned whether President Donald Trump would accept the risk of higher oil prices.
Domestic gasoline prices
Domestic retail prices of gasoline on August 6, 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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Source: https://htv.com.vn/thi-truong-6-8-2025-vang-mieng-sap-cham-moc-dinh-lich-su-gia-xang-dau-giam-manh-222250806081225862.htm
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