Domestic gold price on the afternoon of August 1, 2025
As of 12:30 p.m. on August 1, 2025, the domestic gold bar price remained unchanged. Specifically:
DOJI Group listed the price of SJC gold bars at 119.9-121.4 million VND/tael (buy - sell), an increase of 200 thousand VND/tael in both buying and selling directions compared to yesterday.
At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 119.9-121.4 million VND/tael (buy - sell), the price remained unchanged in both buying and selling directions compared to yesterday.
At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 120.4-121.4 million VND/tael for buying and selling. Compared to yesterday, the gold price decreased by 200 thousand VND/tael for buying - unchanged for selling.
SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 119.9-121.4 million VND/tael (buy - sell), the price remains unchanged in both buying and selling directions compared to yesterday.
SJC gold price at Phu Quy is traded by businesses at 119.4-121.4 million VND/tael (buy - sell), gold price remains unchanged in both buying and selling directions compared to yesterday.
As of 12:30 on August 1, 2025, the price of 9999 Hung Thinh Vuong round gold ring at DOJI was listed at 116-118.5 million VND/tael (buy - sell); the price remained unchanged in both buying and selling directions compared to yesterday.
Bao Tin Minh Chau listed the price of gold rings at 116-119 million VND/tael (buy - sell); down 300 thousand VND/tael in both buying and selling directions compared to yesterday.
The latest gold price list this afternoon, August 1, 2025 is as follows:
| Gold price this afternoon | August 1, 2025 (million dong) | Difference (thousand dong/tael) | ||
| Buy | Sell | Buy | Sell | |
| SJC in Hanoi | 119.9 | 121.4 | - | - |
| DOJI Group | 119.9 | 121.4 | +200 | +200 |
| Red Eyelashes | 120.4 | 121.4 | -200 | - |
| PNJ | 119.9 | 121.4 | - | - |
| Bao Tin Minh Chau | 119.9 | 121.4 | - | - |
| Phu Quy | 119.4 | 121.4 | - | - |
| 1. DOJI - Updated: August 1, 2025 12:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Domestic gold price | Buy | Sell |
| AVPL/SJC HN | 119,900 ▲200K | 121,400 ▲200K |
| AVPL/SJC HCM | 119,900 ▲200K | 121,400 ▲200K |
| AVPL/SJC DN | 119,900 ▲200K | 121,400 ▲200K |
| Raw material 9999 - HN | 108.50 ▲200K | 109.50 ▲200K |
| Raw material 999 - HN | 108.40 ▲200K | 109.40 ▲200K |
| 2. PNJ - Updated: August 1, 2025 12:30 - Source website time - ▼/▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 115,100 | 118,100 |
| Hanoi - PNJ | 115,100 | 118,100 |
| Da Nang - PNJ | 115,100 | 118,100 |
| Western Region - PNJ | 115,100 | 118,100 |
| Central Highlands - PNJ | 115,100 | 118,100 |
| Southeast - PNJ | 115,100 | 118,100 |
| 3. SJC - Updated: 1/8/2025 12:30 - Source website time - ▲/▼ Compared to yesterday. | ||
| SJC Gold 1L, 10L, 1KG | 119,900 | 121,400 |
| SJC gold 5 chi | 119,900 | 121,420 |
| SJC gold 0.5 chi, 1 chi, 2 chi | 119,900 | 121,430 |
| SJC 99.99% gold ring 1 chi, 2 chi, 5 chi | 114,600 | 117,100 |
| SJC 99.99% gold ring 0.5 chi, 0.3 chi | 114,600 | 117,200 |
| Jewelry 99.99% | 114,600 | 116,500 |
| Jewelry 99% | 110,846 | 115,346 |
| Jewelry 68% | 72,478 | 79,378 |
| Jewelry 41.7% | 41,835 | 48,735 |
World gold price this afternoon August 1, 2025 and world gold price fluctuation chart in the past 24 hours
According to Kitco, the world gold price recorded at 12:30 on August 1, Vietnam time, was 3,292.55 USD/ounce. This afternoon's gold price decreased by 1.68 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,380 VND/USD), the world gold price is about 108.09 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 13.31 million VND/tael higher than the international gold price.
World gold prices were almost flat but still on a downward trend this week, as pressure from a strong US dollar outweighed support from trade uncertainty caused by US tariffs.
Specifically, the spot gold price decreased slightly by 0.05%, down 1.5% for the week. Meanwhile, the US gold futures price decreased slightly by 0.3% to 3,337.20 USD. In July, the world gold price decreased sharply by 40.47 USD/ounce compared to the beginning of the month.
Compared to early July, DOJI gold bar prices increased sharply by VND2.2 million/tael for buying and VND1.7 million/tael for selling. Meanwhile, SJC and BTMC gold bars increased more sharply by VND2.4 million/tael for buying and VND1.9 million/tael for selling, respectively.
Even higher, the price of SJC gold bars at Phu Quy in July increased by 2.6 million VND/tael for buying - increased by 1.9 million VND/tael for selling. The price of Mi Hong gold bars in July had the lowest increase of 1.6 million VND/tael for buying - increased by 1.9 million VND/tael for selling.
In July, Bao Tin Minh Chau gold ring price increased sharply by 1.8 million in both buying and selling directions compared to the beginning of the month. DOJI gold ring price increased by 1.5 million VND/tael in buying direction, 2 million VND/tael in selling direction.
The US dollar rose sharply, reaching its highest level since May 29, making gold more expensive for investors using other currencies. The strength of the US dollar comes from the US Federal Reserve's hawkish stance, which also weighed on gold prices.
The Fed kept interest rates unchanged in the range of 4.25%–4.50% and dampened expectations for a rate cut in September. Meanwhile, President Trump signed an executive order imposing “retaliatory” tariffs of 10% to 41% on imports from several countries early this morning.
He also increased tariffs on Canadian goods from 25% to 35% for items not covered by the United States-Mexico-Canada Agreement (USMCA), but gave Mexico an additional 90 days to negotiate. If the countries fail to negotiate a tariff reduction, escalating trade tensions could push gold prices back up, Meir said.
US inflation rose in June as import tariffs pushed up prices for some goods. Now the market is waiting for US jobs data for further clues on the likelihood of a Fed rate cut. Gold typically has an advantage in a low-interest-rate environment because it does not pay interest like other assets.
Besides gold, spot silver fell 0.6% to $36.53 an ounce, platinum edged down 0.2% to $1,291.55, while palladium held steady at $1,191.95. All three precious metals posted weekly losses.
Gold Price Forecast
Analyst Edward Meir from Marex commented that gold has fluctuated between $3,250 and $3,450 for the past two months and is now trending down to a low level, possibly even breaking this level.
Gold prices showed signs of recovery thanks to buying at low prices after recent sharp declines. However, silver prices fell sharply and hit a four-week low as investors closed long positions in the futures market.
In a significant development, Fed Chairman Jerome Powell rejected pressure from the White House and rejected proposals from two FOMC members to lower interest rates. He stressed that the Fed needs to be cautious about the risk of inflation.
This is the fifth consecutive time the Fed has kept interest rates unchanged, and the first time in more than 30 years that there have been two dissenting votes at the meeting. Mr. Powell said the Fed is well-positioned amid the risks from tariffs and the economic impact. The message was considered balanced, not confirming a rate cut in September but not ruling it out either.
According to the World Gold Council, gold demand from central banks and the jewelry industry will decline in the second quarter of 2025 due to high gold prices. Central banks bought only 166.5 tons, down one-third from the previous quarter, bringing total purchases in the first half of the year to the lowest level since 2022. Central bank gold demand for the whole year of 2025 is expected to reach about 815 tons.
Experts say that in times of geopolitical tensions or economic crises, gold is always considered a safe haven. This demand can overwhelm the impact of interest rates. When interest rates are low and inflation increases, gold becomes an effective asset protection tool, helping to maintain its value against currency depreciation.
Tim Waterer, an analyst at KCM Trade, said gold prices below $3,300 an ounce are attracting investors to buy, especially when the economy is still uncertain and the risk of increasing tariffs is increasing. He said the important support level at $3,250 an ounce could prevent a deep decline, but if broken, prices could fall to $3,200.
Meanwhile, Kitco Metals analyst Jim Wyckoff said the market is witnessing a short-term profit-taking. However, many other analysts believe that if gold prices correct further, it will be a buying opportunity, as supporting factors such as high US debt and the downward trend in dependence on the USD remain strong.
Chinese investors are shifting money from gold ETFs to domestic stocks as the stock market surges, Bloomberg reported. In July, China’s four largest gold ETFs recorded net outflows of about 3.2 billion yuan ($450 million), while the CSI 300 Index rose 5.5%, its biggest gain since September last year.
Many investors are taking profits in gold to seek higher returns from stocks, said Steve Zhou of Huaan Fund Management. However, Kenny Ng, a strategist at China Everbright Securities, said the stock market may maintain its upward momentum in the short term, but gold prices are unlikely to fall much. He expects gold ETFs in China to stabilize in the near term.
Source: https://baonghean.vn/gia-vang-ngay-1-8-2025-gia-vang-trong-nuoc-va-the-gioi-giu-muc-cao-trong-ngay-my-cong-bo-day-du-thue-doi-ung-10303642.html
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