Market on August 29, 2025: Gold price today sets new peak, gasoline price increases simultaneously

(HTV) - Domestic gold bar and gold ring prices increased simultaneously, while the world gold market also recorded a strong upward trend. World oil prices continued to increase in the session of August 28, leading to a simultaneous increase in domestic gasoline prices.

Domestic gold bar price today (August 29)

The selling price of gold bars of DOJI , SJC, PNJ, Bao Tin Minh Chau, Phu Quy SJC brands all increased by 500,000 VND/tael, trading at 128.5 million VND/tael. On the buying side, the gold bar prices of the brands increased "dizzily", the highest increase was 1.2 million VND/tael.

Gold price today (August 29): Continues to increase rapidly

Bao Tin Minh Chau Gold recorded the highest increase of 1.2 million VND/tael in buying price; Phu Quy SJC Gold had the lowest increase of 600,000 VND/tael in buying price.

Domestic gold bar prices updated at 5:00 a.m. August 29 as follows:

Yellow	Early morning 28/8				Early morning 29/8			Difference
	Buy	Sell			Buy	Sell		Buy	Sell
	Unit of measure: Million VND/tael							Unit of measure: Thousand dong/tael
DOJI	126		128		127		128.5	+ 1000	+ 500
SJC	126		128		127		128.5	+ 1000	+ 500
PNJ	126		128		127		128.5	+ 1000	+ 500
Bao Tin Minh Chau	125.8		128	127			128.5	+ 1200	+ 500
Phu Quy SJC	125.4		128	126			128.5	+ 600	+ 500

Domestic gold ring price today

The price of gold rings today (August 29) increased sharply in both buying and selling directions, listed at the highest price of 123.3 million VND/tael sold.

Specifically, SJC listed the price of gold rings at 120.1 - 122.6 million VND/tael (buy - sell), an increase of 200,000 VND/tael compared to yesterday's price in both directions.

PNJ ring gold is traded at 120.2 million VND/tael for buying (up 300,000 VND/tael) and 123.2 million VND/tael for selling (up 600,000 VND/tael).

DOJI ring gold is traded at 120.3 million VND/tael for buying and 123.3 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 120.3 - 123.3 million VND/tael (buy - sell), an increase of 300,000 VND/tael compared to yesterday's price in both directions.

Phu Quy brand listed the price of gold rings at 120 - 123 million VND/tael (buy - sell), an increase of 500,000 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 18.9 USD/ounce compared to yesterday morning, listed around 3,417.9 USD/ounce (equivalent to about 109.7 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees).

The world gold price has generally increased by 2.70% over the past 30 days. Currently, the world gold price is about 18.8 million VND/tael lower than the domestic gold price.

World gold prices generally increased by 2.70% over the past 30 days.

Gold prices surged to a one-month high, surpassing $3,400 an ounce on Thursday, supported by continued weakness in the U.S. dollar. Analysts at Bank of America expect the rally to continue, maintaining their forecast that the precious metal will reach $4,000 an ounce by the first half of 2026.

In a report published last week, Bank of America said that lower interest rates and a weaker dollar will be the main factors driving gold prices higher. Analysts said that the possibility of interest rate cuts amid rising inflation is favorable for the dollar to weaken. Interest rate cuts in an environment where inflation remains high are likely to push gold prices higher.

The market expects the US Federal Reserve to start cutting interest rates as early as September. The CME FedWatch tool shows traders have almost fully priced in a 25 basis point cut, with the possibility of further easing in October and December.

Bank of America said recent U.S. economic data had prompted it to revise its interest rate forecasts lower, pointing to a weakening labor market. The bank also said political pressure on the Fed, including criticism from former President Donald Trump, could weaken the dollar further.

However, Bank of America also warned that higher inflation could temporarily boost the dollar as markets ease expectations for policy easing. Economists expect the core PCE index — the Fed’s preferred inflation gauge — to show a 2.8% annual increase when it reports on Friday, unchanged from June. However, Bank of America said any dollar rally would be quickly followed by a sell-off.

Analysts say that if inflation data continues to remain high, forcing the Fed to aggressively delay its easing plan, the dollar could recover. However, they believe that this recovery will only be temporary.

The second reading of US gross domestic product (GDP) for the second quarter showed the economy grew at a 3.3% rate in the April-June period, up from the initial estimate of 3.0%. The data was better than expected, with economists predicting GDP to grow by 3.1%.

Gold markets barely reacted to better-than-expected economic data. Gold prices rose in early morning trading in the United States on Thursday, hitting a three-week high. A weaker dollar index also supported the precious metal.

At the same time, investors are cautious about geopolitical and economic uncertainties in the US related to President Trump's continued criticism of the Fed's interest rate policy, boosting demand for safe-haven assets such as gold.

In addition to Fed-related factors, the focus of the gold market is on Nvidia's Q2 2025 earnings report. Nvidia plays an important role in guiding market sentiment. Equity investors are preparing for strong volatility, not only in the stock market but also potentially spilling over to financial markets and commodities, including gold.

World oil prices

According to Reuters, at the end of the trading session on August 28, Brent oil price increased by 0.57 USD/barrel, equivalent to 0.8%, to 68.62 USD/barrel; WTI oil price increased by 0.45 USD/barrel, equivalent to 0.7%, to 64.60 USD/barrel.

World oil prices continued to increase in the trading session on August 28

Traders are also closely watching India’s response to US pressure to stop buying Russian oil, after Mr Trump doubled import duties on Indian goods to 50% on August 27.

However, despite the pressure, traders said India's oil imports from Russia were still expected to rise in September.

Oil prices were under pressure earlier as the market worried about a drop in fuel demand after the Labor Day holiday in the US. In addition, oil supplies were forecast to increase further as OPEC+ planned to increase production by 547,000 barrels per day in September.

According to experts at consulting firm Ritterbusch and Associates, the drop in demand and the increase in supply will cause oil inventories to rise, which will put pressure on the energy market as the end of the summer season, gasoline demand declines and refineries switch to producing cheaper winter fuel.

Russia’s restoration of oil supplies via the Druzhba pipeline to Hungary and Slovakia also helped to curb the price increase, after the pipeline was disrupted by a Ukrainian attack on Russia last week.

Domestic gasoline prices

Domestic retail prices of gasoline on August 29 are as follows:

- E5RON92 gasoline: No higher than 19,771 VND/liter

- RON95-III gasoline: No higher than VND 20,363/liter

- Diesel 0.05S: Not higher than 18,357 VND/liter

- Kerosene: Not higher than 18,225 VND/liter

- Mazut oil 180CST 3.5S: Not higher than 15,260 VND/kg

In response to recent developments in world petroleum product prices, the above domestic petroleum retail prices were adjusted by the Ministry of Industry and Trade - Ministry of Finance from the afternoon of August 28. Accordingly, petroleum prices increased simultaneously. E5RON92 gasoline price increased by 307 VND/liter, RON95-III gasoline increased by 271 VND/liter, diesel increased by 452 VND/liter, kerosene increased by 411 VND/liter, and fuel oil increased by 144 VND/kg.

In this operating period, the Ministry of Industry and Trade - Ministry of Finance did not set aside or use the Petroleum Price Stabilization Fund for E5RON92 gasoline, RON95 gasoline, diesel oil, kerosene, and fuel oil.

According to the joint ministries, the world oil market in this management period is affected by the following main factors: the US increases taxes on imported goods from India; US crude oil reserves decrease more sharply than forecast; the conflict between Russia and Ukraine continues, both sides increase attacks on each other's energy facilities... The above factors have caused world oil prices to fluctuate up and down in recent days depending on each product.

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Source: https://htv.com.vn/thi-truong-ngay-29-8-2025-gia-vang-hom-nay-lap-dinh-moi-gia-xang-dau-dong-loat-tang-222250829081506622.htm