Closing the trading session on August 21, the price of gold bars at SJC was listed at 124.4-125.4 million VND/tael (buy - sell), an increase of 600 thousand VND/tael in both buying and selling compared to the closing price of yesterday's trading session.
The price of 1-5 chi SJC gold rings closed at 117.3-119.8 million VND/tael (buy - sell), up 500 thousand VND/tael in both directions compared to yesterday's closing price.
Meanwhile, the price of 9999 gold rings at Doji increased by 300,000 VND/tael for buying and 100,000 VND/tael more expensive for selling compared to the closing price yesterday, trading at 117.3-120.3 million VND/tael (buy - sell).
Opening the trading session on August 21 , the price of SJC 9999 gold was adjusted up 600 thousand VND per tael in both buying and selling compared to the closing price of yesterday's trading session, reaching an unprecedented high, trading at 124.4-125.4 million VND/tael (buying - selling).
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC HCMC | 124,400,000 | + 600,000 | 125,400,000 | + 600,000 |
| Doji Hanoi | 124,400,000 | + 600,000 | 125,400,000 | + 600,000 |
| Doji HCMC | 124,400,000 | + 600,000 | 125,400,000 | + 600,000 |
SJC and Doji gold bar price list updated on the morning of August 21
Domestic gold ring prices this morning were adjusted up by brands following the trend of world gold prices.
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC | 117,300,000 | + 500,000 | 119,800,000 | + 500,000 |
| Doji | 117,300,000 | + 300,000 | 120,300,000 | + 100,000 |
SJC and Doji gold ring price list updated on the morning of August 21
The world gold price was adjusted up this morning. At 8:37 am today (August 21, Vietnam time), the world spot gold price was at 3,343.3 USD/ounce, up 1.3 USD/ounce compared to last night.
On the morning of August 21 , the world gold price converted to USD bank price was over 107.9 million VND/tael, including tax and fees, about 17.5 million VND/tael lower than the domestic gold price.
As of 8:00 p.m. on August 20 (Vietnam time), the spot gold price today on the international market was at $3,342/ounce. Gold for December 2025 delivery on the Comex New York floor was at $3,395/ounce.
The world gold price on the night of August 20 was about 27.3% higher (equivalent to 717 USD/ounce) than at the end of 2024. The world gold price converted to the bank USD price was 107.9 million VND/tael, including taxes and fees, about 16.9 million VND/tael lower than the domestic gold price as of the end of the afternoon session on August 20.
Gold prices on the New York Stock Exchange on the evening of August 20 (Vietnam time) turned to increase quite strongly in the context of investors waiting for clues on monetary policy signals from the US Federal Reserve (Fed).
Investors are betting on the possibility that the Fed will ease monetary policy under pressure from current US President Donald Trump.
Fed Chair candidate David Zervos told CNBC that Fed policy is too tight. Mr. Zervos is chief market strategist at Jefferies LLC.
Investors are now focused on the Jackson Hole Transition Conference this weekend, where Fed Chairman Jerome Powell will deliver a speech that typically has a strong impact on the gold market.
Investors will pay particular attention to comments on the U.S. economic outlook and details on the monetary policy framework review, Goldman Sachs said, adding that investors should keep a close eye on sideline interviews that could provide a surprise policy signal from officials.
Notably, European Central Bank (ECB) President Christine Lagarde and Bank of England (BOE) Governor Andrew Bailey will join a panel discussion on Saturday, adding to the heat of this year's event.
Gold prices also increased due to the weakening of the US dollar, the gradual withdrawal of capital from US bonds and the sudden plunge in the cryptocurrency market in the last two sessions.
Additionally, as U.S. mortgage applications fell 1.4% in the year to August 15 after a strong 10.9% increase the market index fell from 281.1 to 277.1. Any weakening economic signal supports the possibility of the Fed cutting interest rates.
Domestically, gold prices are hovering at historic highs. Specifically, by the end of the trading session on August 20, the price of 9999 gold bars at SJC and Doji was listed at VND123.8-124.8 million/tael (buy-sell), down VND200,000/tael in both directions compared to the previous session.
Meanwhile, SJC announced the price of gold rings of type 1-5 at only 116.8-119.3 million VND/tael (buy - sell), down 200,000 VND/tael compared to the previous session. The price of 9999 gold rings at Doji was at 117-120.2 million VND/tael (buy - sell), up 200,000 VND for selling and setting a new record high.
Gold Price Forecast
In fact, gold prices are under pressure to take profits as US President Donald Trump makes great strides in his efforts to end the conflict in Ukraine and gradually reach trade agreements with other countries.
Treasury Secretary Scott Bessent said in an interview Tuesday that the United States is happy with the tariffs it has imposed on China and that “things are going pretty well.” The Trump administration has toned down its confrontation with China so it can hold a summit with Chinese President Xi Jinping and reach a trade deal.
Morgan Stanley recently warned that the market may be overestimating the likelihood of the Fed easing soon. While recent comments from Fed officials have been somewhat dovish, Morgan Stanley said the level of easing is much lower than the market currently expects.
However, according to experts, in the medium and long term, gold is still forecast to increase. Conflict in the Middle East or tension in Eastern Europe are persistent and difficult problems to handle.
Moreover, the Fed is in a trend of monetary easing and the USD is unlikely to resist the possibility of going down.
In the long term, some countries are gradually withdrawing from US bonds as the country's public debt increases sharply, exceeding 37,000 billion USD.
Beijing has cut its holdings of U.S. government bonds for three straight months, with its portfolio falling to $756 billion in June, its lowest level since 2009, according to U.S. Treasury data. Meanwhile, total foreign holdings of U.S. Treasuries actually rose to a record $9.13 trillion in June, up from $9.05 trillion in May.
Source: https://vietnamnet.vn/gia-vang-hom-nay-21-8-2025-vang-nhan-lap-dinh-moi-gia-the-gioi-lai-but-pha-2434234.html
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