Gold price today August 29: Continues to set a new record of nearly 130 million VND

On the morning of August 29, the world gold price continued to increase to 3,410 USD/ounce, nearly 14 USD higher than yesterday. The precious metal reached its highest level in more than a month. Domestically, the gold price also set a new record in history. Specifically, gold bars at Saigon Jewelry Company - SJC increased by 400,000 VND, bringing the buying price to 127.4 million VND and the selling price to 128.9 million VND.

The price of 4-number 9 gold rings at SJC Company also increased by 500,000 VND, buying to 120.6 million VND, selling to 123.1 million VND; Phu Nhuan Jewelry Company (PNJ) increased the buying price by 800,000 VND, up to 121 million VND, but the selling price only increased by 100,000 VND, up to 123.3 million VND; Bao Tin Minh Chau Company also bought at 120.3 million VND and sold at 123.3 million VND... The difference between buying and selling gold rings is still high at over 3 million VND/tael.

Gold price on the morning of August 29 continued to set a new record. PHOTO: NGOC THANG

World gold prices rose after the US dollar fell. According to a report released by the US Department of Commerce on August 28, GDP in the second quarter of 2025 grew by 3.3% year-on-year, better than the initial estimate of 3% and the Dow Jones forecast of 3.1%. In particular, the index of final sales for the domestic private sector increased by 1.9%, exceeding the previous forecast of 1.2%. This is an important measure that tracks total spending by US people and businesses without taking into account government spending and import-export activities. The US Federal Reserve (Fed) often pays attention to this index because it accurately reflects the real strength of domestic consumption, not affected by external factors such as tariffs or government spending.

According to some analysts, positive growth in the US economy could prompt the Fed to cut interest rates at its meeting in September. If US interest rates fall rapidly and remain low for a longer period of time, gold prices will have a chance to remain high./.

According to Thanh Nien Newspaper

Source: https://thanhnien.vn/gia-vang-hom-nay-2982025-tiep-tuc-xac-lap-ky-luc-moi-gan-sat-130-trieu-dong-185250829065701545.htm

Source: https://baolongan.vn/gia-vang-hom-nay-29-8-tiep-tuc-xac-lap-ky-luc-moi-gan-sat-130-trieu-dong-a201581.html