Update gold price today 8/7/2025 latest in domestic market
At the end of today's trading session on August 7, 2025, the domestic gold market recorded mixed developments. While some major brands adjusted their prices up, SJC and PNJ kept their prices unchanged.
| Gold price today | ||||
|---|---|---|---|---|
| Buy | Sell | |||
| SJC in Hanoi | 122.4 | - | 123.8 | - |
| DOJI Group | 122.7 | ▲500K | 124.1 | ▲500K |
| Red Eyelashes | 123.0 | ▲400K | 123.8 | - |
| PNJ | 122.4 | - | 124.1 | - |
| Vietinbank Gold | 123.8 | - | ||
| Bao Tin Minh Chau | 122.4 | - | 123.8 | - |
| Phu Quy | 121.2 | - | 123.8 | - |
| SJC in Ca Mau | 122.4 | - | 123.8 | - |
SJC gold price is stable, Phu Quy slightly decreased in buying direction
SJC in Hanoi continued to list the price at 122.4 million VND/tael (buy) and 123.8 million VND/tael (sell), completely unchanged from the previous trading session.
Similarly, PNJ also kept this price unchanged, at 122.4 million VND/tael (buy) and 123.8 million VND/tael (sell).
Meanwhile, Phu Quy listed a lower buying price, at 121.2 million VND/tael, and the selling price remained at 123.8 million VND/tael.
DOJI and Mi Hong adjusted prices to increase sharply
DOJI Group recorded a significant increase in the latest closing price of gold today, August 7, 2025. Specifically, the buying price increased by 500 thousand VND/tael to 122.7 million VND/tael, while the selling price also increased by 300 thousand VND/tael, reaching 124.1 million VND/tael.
The Mi Hong brand also adjusted its buying price to VND123.0 million/tael, an increase of VND400,000/tael. However, the selling price of this brand remained at VND123.8 million/tael, unchanged from the previous session.
Vietinbank Gold and Bao Tin Minh Chau also have their own trends.
Vietinbank Gold listed selling price at 123.8 million VND/tael, unchanged from the previous trading session.
For Bao Tin Minh Chau, the price of gold bars also remained unchanged, at 122.4 million VND/tael (buy) and 123.8 million VND/tael (sell).
The price of plain gold rings today, August 7, 2025, is unchanged compared to yesterday.
At 6:00 p.m. on August 7, 2025, the price of DOJI's 9999 Hung Thinh Vuong round gold ring was listed at VND 117.5 million/tael (buy) and VND 120.0 million/tael (sell), unchanged in both directions compared to the previous day, with a buy-sell difference of VND 2.5 million/tael.
The price of plain gold rings today, August 7, 2025, has not changed.
Bao Tin Minh Chau kept the price of gold rings at 117.8 million VND/tael (buy) and 120.8 million VND/tael (sell), no new changes compared to early this morning, with a difference of 3 million VND/tael.
Phu Quy Group also listed the price of gold rings at 116.8 million VND/tael (buy) and 119.8 million VND/tael (sell), an increase of 100,000 VND/tael in both directions compared to yesterday, with a difference of 3 million VND/tael between buying and selling.
Gold price list today 8/7/2025 in Vietnam in detail
Update gold price this afternoon August 7, 2025 latest on the world market
World gold price, at 5:16 p.m. on August 7, 2025 (Vietnam time), the world spot gold price was at 3,374.9 USD/ounce. Today's gold price increased by 6.7 USD. Converted according to the USD exchange rate at Vietcombank (26,420 VND/USD), the world gold price is about 111.81 million VND/tael (excluding taxes and fees). Compared with the domestic SJC gold bar price on the same day (122.7-124.1 million VND/tael), the current SJC gold price is about 12.29 million higher than the international gold price.
World gold prices are rising due to new trade tensions and other economic factors. Spot gold prices are currently at $3,380.81/ounce, up 0.4%. US gold futures also rose 0.6% to $3,454.80. These developments are important for updating today's gold prices on August 7, 2025 in the world market.
Gold prices typically rise during times of economic and political uncertainty, as it is seen as a safe haven for money. Today, US President Donald Trump imposed new tariffs ranging from 10% to 50% on imports from several countries. This raised concerns about a trade war, causing investors to seek gold as a safe haven.
The dollar also weakened, falling 0.2% to a 1-1/2-week low. When the dollar falls, gold becomes cheaper for users of other currencies, which also stimulates demand for gold.
Another important factor driving gold prices is the possibility of a rate cut by the US Federal Reserve. Minneapolis Fed President Neel Kashkari said the Fed may need to cut rates to counter the slowing US economy. The market is currently pricing in a 93% chance of a rate cut in September.
When interest rates are low, holding cash or savings becomes less attractive, causing investors to turn to other assets, including gold. This is why gold typically performs well in low-interest-rate environments. NAB experts predict that gold prices will continue to rise until the end of 2026, with an average price of $3,220 per ounce in 2025 and $3,475 per ounce in 2026.
News, gold price forecast tomorrow 8/8/2025
Gold prices on August 8, 2025 are forecast to have a slight downward trend after world gold prices also cooled down. After a series of strong increases, world gold prices have shown signs of decreasing as many investors have begun to sell to take profits. Although gold is still of interest to many people because of expectations that the US Federal Reserve (FED) will cut interest rates, the recovery of the US dollar has created an opposite pressure, making gold more expensive and less attractive.
On August 7, the world spot gold price reached 3,374.9 USD/ounce. When converted to Vietnamese currency, this figure is equivalent to about 111.81 million VND/tael (excluding other costs). However, compared to the domestic SJC gold price, this price is still much lower, with a difference of up to about 12.29 million VND/tael.
This difference shows that the domestic gold price is much higher than its actual value on the international market. The downward trend in world gold prices and the increase in the US dollar may affect the domestic market. Therefore, it is very likely that the gold price on August 8, 2025 at brands such as SJC will also be adjusted down, although the decrease may not be too large.
Another factor that the market is closely watching is the changes from the administration of US President Donald Trump. Mr. Trump is expected to announce new nominations for the Fed Board of Governors, which could affect monetary policy and thus have a strong impact on gold prices in the coming time.
Source: https://baodanang.vn/gia-vang-ngay-mai-8-8-2025-lieu-do-deo-sau-khi-tao-ky-luc-moi-3298870.html
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