SJC gold bar price
At the end of the trading session of the week, Saigon Jewelry Company SJC listed the price of SJC gold at 123.5-124.5 million VND/tael (buy in - sell out).
Compared to the closing price of last week's trading session (August 10, 2025), the price of SJC gold bars at Saigon Jewelry Company SJC increased by VND300,000/tael for buying and VND100,000/tael for selling. The difference between the buying and selling prices of SJC gold at Saigon Jewelry Company SJC is at 1 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 123.5-124.5 million VND/tael (buy in - sell out).
Compared to a week ago, the price of SJC gold bars was increased by 300,000 VND/tael for buying and increased by 100,000 VND/tael for selling. The difference between the buying and selling prices of SJC gold at Bao Tin Minh Chau is at 1.2 million VND/tael.
If buying SJC gold at Bao Tin Minh Chau and Saigon Jewelry Company SJC in the session of August 10 and selling it in today's session (17.8), buyers will lose 900,000 VND/tael.
9999 gold ring price
This morning, Bao Tin Minh Chau listed the price of gold rings at 116.8 - 119.8 million VND/tael (buy - sell); down 700,000 VND/tael for buying and down 200,000 VND/tael compared to a week ago. The difference between buying and selling is at 3 million VND/tael.
Phu Quy Gold and Stone Group listed the price of gold rings at 116.4-1194 million VND/tael (buy - sell), down 600,000 VND/tael in both directions compared to a week ago. The difference between buying and selling is 3 million VND/tael.
If buying gold rings in the session of August 10 and selling in today's session (August 17), buyers at Bao Tin Minh Chau will lose 3.2 million VND/tael, while the loss when buying in Phu Quy is 3.6 million VND/tael.
World gold price
At the end of the trading session of the week, the world gold price was listed at 3,334.1 USD/ounce, down 63.5 USD/ounce compared to the closing price of the previous trading session.
Gold price forecast
Most Wall Street experts this week unexpectedly made a neutral assessment of the short-term gold price outlook.
Of the 10 experts participating, only 1 (10%) predicted gold prices to increase, 1 person (10%) predicted a decrease, while the majority (80%) expected prices to remain flat next week.
In contrast to Wall Street, individual investors on Main Street still maintain an optimistic mentality. Of the 183 online survey participants, 115 people (63%) expect gold prices to increase, 33 people (18%) predict a decrease and 35 people (19%) believe that prices will continue to accumulate.
Mr. Adrian Day - Chairman of Adrian Day Asset Management said that gold prices will continue to fluctuate within a narrow range with a steady uptrend. The US Federal Reserve (FED) is expected to cut interest rates in September, which has been reported by the market, so gold prices need more monetary easing moves to break out stronger.
Meanwhile, Ole Hansen - Director of Commodity Strategy at Saxo Bank said that although the US PPI increased more strongly than expected, this will not prevent the FED from cutting interest rates. This information has put pressure on gold prices, as the market is concerned that the FED will be more cautious in monetary policy.
Hansen said rising production costs could reduce corporate profits or push inflation higher, but this does not change the long-term outlook for gold. "The Federal Open Market Committee (FOMC) will eventually have to balance inflation control and economic support," he said.
Colin Cieszynski - chief market strategist at SIA Wealth Management will maintain a neutral view on gold next week. He said two major events, today's summit and next week's Jackson Hole summit, are likely to impact the US dollar, which could impact gold. However, between these two events, I think the market will be quite quiet.
US economic data to watch
Tuesday: Housing construction data and construction permits for July.
Wednesday: Minutes of the July FOMC meeting, speeches from Fed officials Waller and Bostic, and opening of the Jackson Hole conference.
Thursday: Philly FED manufacturing index, weekly jobless claims, preliminary PMI for August, and July existing home sales.
Friday: FED Chairman Jerome Powell annual speech at Jackson Hole.
See more news related to gold prices HERE...
