Gold price today (August 28): Soaring

Domestic gold bar price today (August 28)

DOJI , SJC, PNJ, Bao Tin Minh Chau brands are all available. The selling price of gold bars increased by 300,000 VND/tael, trading at 128 million VND/tael. On the buying side, the gold bar prices of the brands increased and decreased in the same direction, the highest increase and decrease was 300,000 VND/tael.

Gold price today (August 28): Soaring in the selling direction. Illustration photo: diendandoanhnghiep.vn

In particular, Phu Quy SJC gold and Bao Tin Minh Chau gold have lower buying prices than other brands, in which Phu Quy SJC gold is 600,000 VND/tael lower and Bao Tin Minh Chau gold is 200,000 VND/tael lower.

Domestic gold bar prices updated at 5:00 a.m. August 28 as follows:

Yellow	Early morning 27-8				Early morning 28-8			Difference
	Buy	Sell			Buy	Sell		Buy	Sell
	Unit of measure: Million VND/tael							Unit of measure: Thousand dong/tael
DOJI	126.1		127.7		126		128	- 100	+ 300
SJC	125.7		127.7		126		128	+ 300	+ 300
PNJ	126.1		127.7		126		128	- 100	+ 300
Bao Tin Minh Chau	126.1		127.7	125.8			128	- 300	+ 300
Phu Quy SJC	125.1		127.7	125.4			128	+ 300	+ 300

Domestic gold ring price today (August 28)

Gold ring price Today, all prices increased sharply, listed at the highest price of 123 million VND/tael for sale.

Specifically, SJC listed the price of gold rings at 119.9 - 122.4 million VND/tael (buy - sell), an increase of 300,000 VND/tael compared to yesterday's price in both directions.

PNJ gold rings are traded at 119.9 million VND/tael for buying (up 200,000 VND/tael) and 122.6 million VND/tael for selling (same price as yesterday).

DOJI ring gold is traded at 119.8 million VND/tael for buying and 122.8 million VND/tael for selling, an increase of 500,000 VND/tael compared to yesterday in both directions.

Bao Tin Minh Chau brand gold rings are listed at 120 - 123 million VND/tael (buy - sell), an increase of 400,000 VND/tael compared to yesterday's price in both directions.

Phu Quy brand listed the price of gold rings at 119.5 - 122.5 million VND/tael (buy - sell), an increase of 300,000 VND/tael compared to yesterday's price in both directions.

World gold price today

In the world gold market, the spot gold price today increased by about 9 USD/ounce compared to yesterday morning, listed around 3,399 USD/ounce (equivalent to 109.1 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees).

World gold prices generally increased by 0.04% in the past 24 hours and increased by 2.56% in the past 30 days.

Currently, world gold is about 18.9 million VND/tael lower than domestic gold price.

The gold market is witnessing moderate safe-haven demand amid growing concerns about the independence of the US Federal Reserve (Fed), after Fed Chairman Jerome Powell was recently strongly criticized by President Trump.

Traders and investors will also be watching U.S. personal income and personal spending data due out Friday morning, including inflation readings. The Fed is widely expected to closely watch inflation data from personal income. The PCE price index is forecast to have risen 2.6% year-over-year in July, while the core PCE index (excluding food and energy) is forecast to have risen 2.9%. In the June report, the PCE index rose 2.6% year-over-year, while the core PCE index rose 2.8%.

Gold is once again testing key resistance just below $3,400 an ounce and could continue to rise as inflation pressures mount and investors lose confidence in the U.S. dollar, according to an investment firm.

Analysts at Schroders have reiterated their bullish stance on gold in their monthly market report. The positive outlook comes as the firm shifts to a neutral stance on equities, noting that investors are underestimating market risks, particularly in terms of inflation and growth.

Analysts remain bullish on gold, seeing it as a valuable diversifier amid policy uncertainty, fiscal uncertainty and growing investor uncertainty about the long-term role of U.S. government bonds and the U.S. dollar. Gold’s role as a portfolio hedge remains intact.

Speaking specifically about gold, Jim Luke, Head of Metals Investment Fund at Schroders, noted in his latest report that it is impressive that gold has maintained a price around $3,300 an ounce.

Gold faced some major headwinds in the second quarter, he explained. Initially, it appeared that the economy was adjusting to higher taxes and labor market changes due to the government’s tighter immigration policies. However, sentiment changed dramatically after disappointing July jobs data, followed by sharp downward revisions to May and June data.

Although investment demand in the first half of the year was the fastest since 2020, Luke said there is still room for demand to continue to increase in the second half of the year. Specifically, Luke expected demand from Western countries such as North America and Europe to catch up with record investment in Asia.

A rare convergence in gold demand from both Eastern and Western economies is fueling a significant rally in the precious metal, according to Tavi Costa, Partner and Macro Strategist at Crescat Capital.

Speaking at the PDAC 2025 conference in Toronto, Costa said historical comparisons suggest a strong re-pricing of gold is possible. Costa highlighted his firm’s latest report, which looked at the possibility that gold prices could rise to unusually high levels if the US revalues its gold reserves relative to its outstanding government bonds.

Costa also pointed out that central banks have been accumulating gold at a 50-year high since the global financial crisis, while US gold reserves are now at a 90-year low. This disparity, Costa said, could put pressure on the US to reconsider its gold policy.

Source: https://baolangson.vn/gia-vang-hom-nay-28-8-tang-vot-5057261.html