Domestic gold price today August 29, 2025

Domestic gold prices continued to increase this afternoon, reaching a new historical peak.

At 1:29 p.m., the price of SJC 9999 gold was raised to 127.8-129.3 million VND/tael (buy - sell), an increase of 400,000 VND/tael in both buying and selling compared to this morning.

At the beginning of the trading session on August 29, the price of SJC gold bars increased by 400,000 VND/tael in both buying and selling directions, listed at a record high of 127.4-128.9 million VND (buy - sell).

Buy (VND/tael) Increase/decrease Sell ​​(VND/tael) Increase/decrease
SJC HCMC 127,800,000 + 800,000 129,300,000 + 800,000
Doji Hanoi 127,400,000 + 400,000 128,900,000 + 400,000
Doji HCMC 127,400,000 + 400,000 128,900,000 + 400,000

SJC and Doji gold bar price list updated on the afternoon of August 29

Domestic gold ring prices continued to rise this afternoon, setting a new record.

Domestic gold ring prices this morning were also adjusted to increase quite strongly by brands.

Buy (VND/tael) Increase/decrease Sell ​​(VND/tael) Increase/decrease
SJC 121,000,000 + 900,000 123,500,000 + 900,000
Doji 120,600,000 + 400,000 123,600,000 + 400,000

SJC and Doji gold ring price list updated on the afternoon of August 29

On August 28, the domestic gold market, the price of 9999 gold bars at SJC and Doji was listed at 127-128.5 million VND/tael (buy - sell), an increase of 1 million VND/tael for buying and 500,000 VND for selling compared to the previous session.

SJC announced the price of gold rings of type 1-5 at only 120.1-122.6 million VND/tael (buy - sell), an increase of 200,000 VND/tael. Doji listed the price of 9999 gold rings at 120.2-123.2 million VND/tael (buy - sell), an increase of 400,000 VND/tael and setting a new record high.

World gold price today August 29, 2025

World gold prices continued to rise this morning. At 8:41 a.m. today (August 29, Vietnam time), the world spot gold price was at 3,409 USD/ounce, up 6 USD/ounce compared to last night.

On the morning of August 29 , the world gold price converted to USD bank price was over 109.9 million VND/tael, including tax and fees, about 19 million VND/tael lower than the domestic gold price.

At 8:00 p.m. (August 28, Vietnam time), the spot gold price was at $3,403/ounce. The gold futures price for October 2025 delivery on the Comex New York floor reached $3,429/ounce.

According to the recently released report, the US GDP grew by 3.3% in the second quarter, higher than the initial estimate of 3.0% and exceeding economists ' expectations. Real GDP was revised up mainly due to improvements in investment activities and consumer spending.

The U.S. Department of Labor just released labor market data. Initial jobless claims came in at a seasonally adjusted 229,000 for the week ending August 23. That was just below the forecast of 230,000. The previous week’s figure was revised down from 235,000 to 234,000.

Additionally, continuing jobless claims hit 1.954 million in the week ended August 16, below the expected 1.975 million.

The labor market remains strong, giving the Federal Reserve the ability to tighten monetary policy further, thereby putting pressure on gold prices.

Market sentiment was further strained after US President Donald Trump on Monday decided to fire Federal Reserve Governor Lisa Cook over allegations of improper mortgage lending, raising concerns about the independence of the US central bank.

Gold - Chi Hieu (46).jpg
Domestic gold price hits new peak. Photo: Chi Hieu

The geopolitical situation continues to be complicated. Russia has launched drone and missile attacks on the capital Kyiv, killing 14 people. In response, Ukraine has launched attacks on two oil refineries in Russia. Attacks on Russia’s energy system have increased over the past month, putting pressure on domestic fuel supplies and prices.

The moves come nearly two weeks after President Trump abandoned his demand for a ceasefire with Russia at a summit with Russian President Vladimir Putin in Alaska.

Elsewhere, trade tensions between the US and India are escalating. White House trade adviser Peter Navarro has pressured India to stop buying Russian oil, accusing New Delhi of funding the Kremlin’s military campaign. The US has doubled tariffs on India to 50%.

Gold Price Forecast

Analysts have reaffirmed their bullish stance on gold, according to Schroders Investment Management’s latest market report. The positive outlook comes as the firm shifts its strategy to neutral on equities.

Investors are systematically underestimating risk across financial markets, particularly with regard to inflation and economic growth prospects. Gold is seen as an effective hedge against potential macroeconomic uncertainty.

Investors are increasingly interested in gold amid growing concerns about large trust funds and the independence of the Fed, according to Kyle Rodda, financial markets analyst at Capital.

The market is waiting for a strong enough factor to push gold prices above the important resistance level of $3,400/ounce.

According to CME's FedWatch tool, the market is predicting a probability of more than 88% that the Fed will cut interest rates by 0.25 percentage points at its next policy meeting. This is an important factor supporting gold prices.

Source: https://vietnamnet.vn/gia-vang-hom-nay-29-8-2025-tang-phi-ma-sjc-vuot-129-trieu-dong-luong-2437297.html