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 123.2-124.4 million VND/tael (buy in - sell out).
Compared to the closing price of last week's trading session (August 3, 2025), the price of SJC gold bars at Saigon Jewelry Company SJC increased by 1.7 million VND/tael for buying and increased by 900,000 VND/tael for selling. The difference between the buying and selling prices of SJC gold at Saigon Jewelry Company SJC is at 1.2 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 123.2-124.4 million VND/tael (buy in - sell out).
Compared to a week ago, the price of SJC gold bars was increased by 1.7 million VND/tael for buying and increased by 900,000 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 3.8 session and selling it in today's session (10.8), buyers will lose 300,000 VND/tael.
9999 gold ring price
This morning, Bao Tin Minh Chau listed the price of gold rings at 117.5-120 million VND/tael (buy - sell); increased by 300,000 VND/tael for buying and decreased by 200,000 VND/tael compared to a week ago. The difference between buying and selling is at 2.5 million VND/tael.
Phu Quy Gold and Stone Group listed the price of gold rings at 117-120 million VND/tael (buy - sell), an increase of 800,000 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 3.8 session and selling in today's session (10.8), buyers at Bao Tin Minh Chau will lose 2.7 million VND/tael, while the loss when buying in Phu Quy is 2.2 million VND/tael.
World gold price
At the end of the trading session of the week, the world gold price was listed at 3,397.6 USD/ounce, up 36.1 USD/ounce compared to the closing price of the previous trading session.
Gold price forecast
The weekly gold survey of an international financial information platform shows that industry experts have returned to a strong state of optimism, while individual investors still maintain a positive view on the short-term prospects of gold.
This week, 10 analysts participating in a gold survey with Wall Street buyers regained their advantage after fluctuations and solid increases in gold prices during the week.
Six experts (equivalent to 60%) predict gold prices will continue to increase next week; only one (10%) predicts prices to decrease. The remaining three analysts (accounting for 30%) predict that gold prices will move sideways.
Meanwhile, Kitco's online survey received 188 votes, with the majority of Main Street investors remaining optimistic.
129 individual investors (69%) predict gold prices will increase next week; only 23 people (12%) see prices falling. The remaining 36 (19%), forecast prices will continue to accumulate next week.
Eugenia Mykuliak - founder and CEO of B2PRIME Group - said that the new tax rates on gold are only the latest factor supporting gold prices to enter the fall.
Tax rates increase uncertainty and push investors to seek safe-haven assets such as gold. As US inflation rises and job growth slows, the risk of recession increases, which also supports gold. The market is now strongly pricing in the possibility of the Fed cutting interest rates in September, a context that often reduces the opportunity cost of holding non-yielding assets such as gold, she said.
Precious metals analyst Jim Wyckoff said that gold prices are expected to continue to increase next week: " Maintain the uptrend as the charts for positive signals and buyers have regained momentum this week".
Economic data to watch next week
Tuesday: RBA interest rate decision, US CPI in July, speeches by Barkin and Schmid (FED).
Wednesday: Speeches by Barkin, Bostic and Goolsbee (FED).
Thursday: US PPI July, US jobless claims.
Friday: US retail sales in July, New York Empire State Production Index, Michigan Consumer Confidence Index (preliminary estimate).
See more news related to gold prices HERE...
