Gold price this afternoon August 14: Gold ring and gold bar prices increased to a record breaking level, world gold prices decreased slightly due to profit taking

Gold pricedomestic this afternoon August 14, 2025

As of 4:00 p.m. this afternoon, August 14, 2025, the domestic gold bar price increased compared to yesterday. Specifically:

DOJI Group listed the price of SJC gold bars at 123.5-124.7 million VND/tael (buy - sell), an increase of 800 thousand VND/tael in both buying and selling directions compared to yesterday.

At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 123.7-124.7 million VND/tael (buy - sell), an increase of 700 thousand VND/tael in buying - an increase of 500 thousand VND/tael in selling compared to the closing price on August 13 yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 124.2-124.7 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 800 thousand VND/tael for buying and 500 thousand VND/tael for selling.

SJC gold price at Bao Tin Minh Chau Company Limited was traded by the enterprise at 123.7-124.7 million VND/tael (buy - sell), the price increased by 700 thousand VND/tael in buying direction - increased by 500 thousand VND/tael in selling direction compared to the same period yesterday.

SJC gold price at Phu Quy is traded by businesses at 122.7-124.7 million VND/tael (buy - sell), gold price increased 500 thousand VND/tael in both buying and selling directions compared to yesterday.

As of 4:00 p.m. on August 14, 2025, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 116.8-119.8 million VND/tael (buy - sell); the price increased by 300,000 VND/tael in both buying and selling directions compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 117.5-120.5 million VND/tael (buy - sell); an increase of 500 thousand VND/tael in both buying and selling directions compared to yesterday.

Phu Quy listed the price of Phu Quy 9999 round gold rings at 116.8-119.8 million VND/tael (buy - sell); an increase of 300 thousand VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list this afternoon, August 14, 2025 is as follows:

World gold price this afternoon August 14, 2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 4:00 p.m. on August 14, Vietnam time, was 3,349.52 USD/ounce. This afternoon's gold price decreased by 4.42 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,460 VND/USD), the world gold price is about 106.87 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 17.83 million VND/tael higher than the international gold price.

World gold prices continued to rise for the third consecutive session thanks to expectations that the US Federal Reserve (Fed) will cut interest rates in September after low inflation data. This also weakened the USD, further supporting gold prices.

Specifically, spot gold price decreased by 0.13%, while US gold futures contract for December delivery decreased by 0.1% to 3,406.80 USD.

"The market is pricing in a 50 basis point rate cut by the Fed in September. This has resulted in a weaker dollar, which has led to higher gold prices and lower bond yields," said Kyle Rodda, financial markets analyst at Capital.com. "Technically, gold is in an uptrend. We just need a sustained break above $3,400 to solidify the rally."

The dollar is now at a multi-week low against other currencies, making gold cheaper for foreign investors. The yield on the 10-year US Treasury note is also at a one-week low.

Data showed US inflation rose only slightly in July, bolstering expectations the Fed will cut interest rates next month. US Treasury Secretary Scott Bessent even said the central bank could cut by as much as 50 basis points.

Traders see a Fed rate cut on September 17 as almost certain, with a 6% chance of a 50 basis point cut, according to LSEG. Gold typically benefits in a low-interest-rate environment because it does not yield the same returns as other assets.

Investors are watching key economic data due out this week, including the producer price index (PPI), weekly unemployment figures and retail sales, to predict the Fed's next move.

On the geopolitical front, Ukrainian President Volodymyr Zelenskiy revealed that he warned US President Donald Trump that Russian leader Vladimir Putin was “deceiving” him about his intention to end the war. Geopolitical tensions often drive investors to gold as a safe haven.

Besides gold prices, spot silver prices remained stable at $38.49 an ounce, while platinum fell slightly by 0.3% to $1,336. In contrast, palladium increased by 1.2% to $1,135.93.

Gold price forecast

Gold prices are currently finding strong support above $3,300 an ounce. According to ING analysis, it is only a matter of time before gold prices break out of their current sideways phase and retest record highs.

In her latest monthly report, Ewa Manthey, commodity strategist at ING, revised up her forecast for gold prices due to signs of weakness in the US labor market and persistent inflationary pressures. She now expects gold prices to average $3,400 an ounce in the third quarter and $3,450 in the fourth quarter, significantly higher than her previous forecast of $3,200 for both quarters.

Ms. Manthey expects gold prices to surpass $3,500 in the first quarter of 2025, 9% higher than the previous estimate. In 2026, the average price is expected to reach $3,512 an ounce, up sharply from $3,175 in the previous forecast. This upward revision comes from expectations that the Fed will cut interest rates aggressively in the second half of 2025.

"With rising expectations of US rate cuts, gold could be poised to set a new record high. Our economics team predicts three cuts this year and two more by early 2026, which is stronger than the general market expectation," said Ms. Manthey.

According to CME's FedWatch tool, the market is now pricing in a 90% chance of a Fed rate cut next month and a 50% chance of three cuts by year-end. Ms. Manthey said concerns about the Fed's independence could continue to support demand for safe-haven assets like gold.

"Governor Adriana Kugler's resignation... could give President Trump an opportunity to appoint someone more suited to his rate-cutting agenda. Of course, he doesn't like Chairman Powell, and Powell's term ends next May. All of this is raising concerns about the Fed's independence, while continuing to push gold prices higher," she analyzed.

Ms. Manthey also pointed to strong buying from central banks and growing investor interest. “We believe that central banks will continue to add to their reserves amid the uncertain economic environment and the trend of diversifying away from the US dollar,” she stressed.

She also noted that investment demand for gold ETFs in the first half of the year grew at the fastest pace since early 2020, although total holdings are still about 300 tonnes below the record level five years ago.

“Central banks are still buying, Trump’s trade war is still going on, geopolitical risks are high, and ETF holdings continue to expand, all supporting gold prices at current levels. A Fed rate cut could be the final catalyst to start a new record-breaking rally,” Manthey concluded.