Update gold price today August 24, 2025 latest
After strong price increases, the price of SJC gold bars in Hanoi, Ho Chi Minh City and Da Nang of SJC and DOJI has shown signs of slowing down. Up to now, the price of SJC gold bars is listed at 125.6 million VND/tael (buy) and 126.6 million VND/tael (sell), unchanged compared to the previous trading session. Similarly, DOJI also kept this price unchanged.
Mi Hong is one of the brands with a higher buying price than the general level, reaching 126.0 million VND/tael, while the selling price remains at 126.6 million VND/tael. This price remains unchanged from the previous day.
PNJ maintained the same price as SJC and DOJI, listing gold bars at VND125.6 million/tael (buy) and VND126.6 million/tael (sell). Both buying and selling prices of PNJ remained unchanged compared to the previous trading session.
Vietinbank Gold also recorded a flat selling price, at 126.6 million VND/tael.
At Bao Tin Minh Chau, the price of gold bars also remained unchanged, remaining at 125.6 million VND/tael (buy) and 126.6 million VND/tael (sell).
Phu Quy listed the price of SJC gold bars slightly lower in the buying direction, reaching 124.6 million VND/tael, while the selling price remained at 126.6 million VND/tael. This price also remained the same in both directions compared to the previous session.
At 8:30 a.m. on August 24, 2025, the price of DOJI's 9999 Hung Thinh Vuong round gold ring was listed at VND 118.8 million/tael (buy) and VND 121.8 million/tael (sell), unchanged in both buying and selling directions compared to the previous day, with a buying - selling difference of VND 3 million/tael.
Bao Tin Minh Chau kept the price of gold rings at 118.7 million VND/tael (buy) and 121.7 million VND/tael (sell), unchanged in both directions compared to early this morning, with a difference of 3 million VND/tael.
Phu Quy Group also listed the price of gold rings at 118.2 million VND/tael (buy) and 121.2 million VND/tael (sell), unchanged in both directions compared to yesterday, with a buy-sell difference of 3 million VND/tael.
Gold price list today 8/24/2025 in Vietnam in detail
Update world gold price today 8/24/2025 latest
World gold price, at 4:00 p.m. on August 24, 2025 (Vietnam time), the world spot gold price was at 3,370.3 USD/ounce. Today's gold price is unchanged from yesterday. Converted according to the USD exchange rate at Vietcombank (26,520 VND/USD), the world gold price is about 112.06 million VND/tael (excluding taxes and fees). Compared with the domestic SJC gold bar price on the same day (125.6-126.6 million VND/tael), the current SJC gold price is about 14.54 million higher than the international gold price.
Gold prices on August 23, 2025, on the world market increased again, thanks to new expectations that the US Federal Reserve (Fed) could cut interest rates in September. These signals came from the speech of Fed Chairman Jerome Powell at the Jackson Hole conference.
Mr. Powell said that the Fed is considering adjusting policy due to changes in the economic situation, especially risks related to the labor market. However, he also emphasized that inflationary pressures still need to be carefully monitored. Following these statements, the price of spot gold on the world market increased by 1.1% to $ 3,373.89 / ounce, while the price of gold futures in the US also increased similarly, to $ 3,418.50 / ounce.
Another factor that helped gold rise today was the US dollar, which fell about 1%. When the dollar weakens, gold becomes cheaper for holders of other currencies, which stimulates demand for the metal. According to Tai Wong, an independent metals trader, Mr. Powell's speech has made the market more optimistic, opening up the possibility of the Fed cutting interest rates in September.
This will not only boost the price of gold but also increase the value of many other assets. Mr. Wong also said that if the price of gold can surpass and maintain the $ 3,400 / ounce mark in the next few days, this will be a positive sign for the upward trend of gold.
The reason gold is often favored when interest rates are low is because it does not yield the same as other assets, such as bonds or stocks. When interest rates fall, gold becomes a more attractive option for investors. According to the CME FedWatch tool, investors now see an 85% chance that the Fed will cut rates by 0.25% in September, up from 75% before Powell's speech. However, upcoming jobs and inflation data ahead of the Fed's September 16-17 meeting will play a key role in the final decision.
Meanwhile, the physical gold market in Asia is currently quite quiet due to strong fluctuations in gold prices, making buyers cautious. However, in India, gold shops have started buying in preparation for the upcoming important festival season.
Meanwhile, in the US, President Donald Trump has made headlines by announcing that he will replace a member of the Fed if he does not resign, sparking controversy over his influence over the central bank. These factors all contribute to a complex but promising picture for gold prices today on the world market.
News, gold price forecast tomorrow 8/25/2025
Optimism has spread across the market following a dovish speech by Fed Chairman Jerome Powell. Powell opened the door to a possible rate cut as early as September amid concerns over rising inflation and slowing economic growth. The Fed’s loosening of monetary policy typically weakens the value of the US dollar, making gold more attractive to international investors.
This is the most powerful factor affecting gold prices in the short term. However, the market is still asking the big question: will this be a single cut or a series of cuts? The answer to this question will determine the trend of gold prices in the coming time.
When the Fed signals easing, the US dollar tends to weaken and government bond yields fall. Both of these factors create a favorable environment for gold. A weaker US dollar makes gold (priced in US dollars) cheaper for holders of other currencies, while falling bond yields reduce the opportunity cost of holding non-yielding gold. So, the movement of the US dollar and bond yields will be important indicators to watch tomorrow.
The current market sentiment is very positive for gold. Both professional analysts on Wall Street and retail investors believe that gold prices will continue to rise. This is evident from surveys, with the majority predicting prices will increase or stay the same, with no one predicting a decrease.
This expectation could spur buying demand, giving gold prices a boost. However, it should be noted that excessive optimism could also lead to a risk of correction if any unexpected news comes along.
In addition to economic factors, political situations can also affect gold prices. Expert Michael Brown pointed out that former President Donald Trump's attacks on the Fed could undermine the concept of monetary policy independence.
Gold is often seen as a “safe haven” in times of political uncertainty, attracting investors looking for stable assets to protect their capital. This is a potential risk factor that could push gold prices higher.
Source: https://baodanang.vn/du-bao-gia-vang-ngay-mai-25-8-2025-sau-loi-vang-cua-powell-lieu-vang-co-xuyen-thung-127-trieu-3300198.html
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