Price of 9999 SJC gold decreased by 100,000 VND/tael

Domestic gold price today August 25

Early morning of August 25 , SJC gold price 9999 today decreased by 100 thousand VND/tael in both buying and selling compared to yesterday's closing price.

The price of 9999 gold was updated by Saigon Jewelry Company Limited (SJC) at 8:39 a.m. and the price of 9999 gold was listed by Doji Jewelry Group at 9:25 a.m. as follows:

	Buy	Sell
SJC Hanoi	67,250,000 VND/tael	67,870,000 VND/tael
SJC HCMC	67,250,000 VND/tael	67,850,000 VND/tael
SJC Danang	67,250,000 VND/tael	67,870,000 VND/tael
Doji Hanoi	67,150,000 VND/tael	68,000,000 VND/tael
Doji HCMC	67,300,000 VND/tael	67,800,000 VND/tael

SJC and DOJI gold price list updated early morning August 25

At the end of the trading session on August 24, the price of 9999 gold bars at SJC Ho Chi Minh City was 67.35 million VND/tael (buy) and 67.95 million VND/tael (sell). SJC Hanoi listed at 67.35 million VND/tael (buy) and 67.97 million VND/tael (sell).

Doji Hanoi listed at 67.3 million VND/tael (buy) and 68.1 million VND/tael (sell). Doji Ho Chi Minh City bought SJC gold at 67.35 million VND/tael and sold at 67.95 million VND/tael.

The USD price at commercial banks this morning (August 25) was traded around 23,800 VND/USD (buy) and 24,170 VND/USD (sell).

International gold price today August 25

At 9:40 a.m. today (August 25, Vietnam time), the world spot gold price stood at around 1,915.4 USD/ounce, up 1.4 USD/ounce compared to last night. The price of gold futures for December delivery on the Comex New York floor was at 1,944.7 USD/ounce.

On the morning of August 25 , world gold converted to USD bank price was 55.81 million VND/tael (excluding tax and fees), about 12.06 million VND/tael lower than domestic gold price.

Fluctuations in international gold prices in the past 24 hours (Photo: Kitco)

On the world market, the spot gold price on Kitco floor on August 24 (at 8:00 p.m., Vietnam time) was trading at 1,914 USD/ounce.

World gold fluctuates little. (Photo: RT)

At the current price, the world gold price converted to VND (including tax and processing fee) the difference between the domestic SJC gold price is about 11.51 million VND/tael.

Markets are awaiting the Fed's annual symposium in Jackson Hole, Wyoming later this week, where Fed Chairman Jerome Powell and European Central Bank President Christine Lagarde will speak.

After 11 consecutive interest rate hikes since March 2022, according to the CME Watch tool, the Fed will temporarily pause interest rate hikes at its meeting next September. Currently, the market rate is up to more than 86%.

Since March 2022, the Fed has raised interest rates 11 times to bring inflation down to its target of 2%. The reference interest rate in the US is currently around 5.25-5.5%, the highest since 2001.

US inflation has fallen by two-thirds from 9.1% to 3.2% in July. The labor market remains strong, unemployment is low, and Americans are still increasing their consumer spending.

Gold Price Forecast

Higher interest rates sustained for longer will support the USD, potentially putting further profit-taking pressure on gold prices.

Technical analyst Wang Tao said spot gold prices are likely to continue rising and fluctuate in the range of $1,928-1,934 an ounce.

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