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 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
The weekly gold survey of an international financial information platform shows mixed views from experts and investors. Of the 10 analysts participating in the survey, only 10% said that gold prices would increase again, 10% said that gold prices would decrease but up to 80% said that gold prices would remain flat. The uncertainty of gold prices shows the unpredictability of the precious metal.
Meanwhile, investors are more optimistic. Of the 183 investors surveyed, 63% see gold prices rising again, 18% see gold prices falling and 19,9% expect gold prices to move sideways.
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.
Notable US economic data next week
Last week, many data had a mixed impact, causing gold prices to continuously reverse. Next week, the focus will be on the Fed.
Tuesday: Announcement of housing data for construction and construction permits in July, Governor bowman said.
Wednesday: Minutes of the July FOMC meeting, Waller and Bostic speech, opening of the Jackson Hole Conference.
Thursday: Philadelphia Fed manufacturing index, weekly jobless claims, S&P Global comprehensive PMI in August, existing home sales in July.
Friday: FED Chairman Jerome Powell speaks at Jackson Hole - an event closely watched by global investors.
See more news related to gold prices HERE...
