Gold price this afternoon August 3, 2025: Domestic and world gold prices increased sharply, buyers made a huge profit of nearly 40 million since the beginning of the year

Gold pricedomestic today 8/3/2025

As of 3:30 p.m. today, August 3, 2025, the domestic gold bar price was at 123.5 million VND/tael for sale. Specifically:

DOJI Group listed the price of SJC gold bars at 121.5-123.5 million VND/tael (buy - sell), an increase of 1.9 million VND/tael for buying - an increase of 2.4 million VND/tael for selling compared to the end of last week.

At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 121.5-123.5 million VND/tael (buy - sell), an increase of 1.9 million VND/tael for buying - an increase of 2.4 million VND/tael for selling compared to the closing price on July 27 of last week.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 121.5-123.2 million VND/tael for buying and selling. Compared to last week, the gold price increased by 1.3 million VND/tael for buying and 2.2 million VND/tael for selling.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 121.5-123.5 million VND/tael (buy - sell), the price increased by 1.9 million VND/tael in buying direction - increased by 2.4 million VND/tael in selling direction compared to the same period last week.

SJC gold price at Phu Quy is traded by businesses at 120.5-123.5 million VND/tael (buy - sell), gold price increased 1.7 million VND/tael in buying - increased 2.4 million VND/tael in selling compared to last week.

As of 3:30 p.m. on August 3, 2025, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 117.0-119.5 million VND/tael (buy - sell); the price increased by 1 million VND/tael in both buying and selling directions compared to the end of last week.

Bao Tin Minh Chau listed the price of gold rings at 117.2-120.2 million VND/tael (buy - sell); an increase of 1 million VND/tael in both buying and selling directions compared to the end of last week.

The latest gold price list this afternoon, August 3, 2025 is as follows:

World gold price this afternoon August 3, 2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 3:30 p.m. on August 3, Vietnam time, was 3,362.53 USD/ounce. This afternoon's gold price increased by 24.17 USD/ounce compared to last week. Converted according to the USD exchange rate at Vietcombank (26,390 VND/USD), the world gold price is about 110.43 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 13.07 million VND/tael higher than the international gold price.

World gold prices had an impressive recovery at the end of the week, erasing losses from earlier in the week and approaching the important resistance level of 3,400 USD/ounce. The main reason came from the weaker-than-expected US employment report, raising hopes that the Fed will cut interest rates next September.

Spot gold is currently trading at around $3,360.25 an ounce, up 0.72% from the start of the week and up nearly 3% from Wednesday’s low. Lukman Otunuga, senior market strategist at FXTM, said the rally in gold prices this weekend has been remarkable, driven largely by a strong US dollar.

Aaron Hill, an analyst at FP Markets, said the weak report undermined confidence in the US economy, putting pressure on the dollar. Meanwhile, gold shined as a hedge against economic uncertainty.

According to CME's FedWatch tool, the market now predicts a 92% chance of the Fed cutting interest rates in September, up sharply from the previous 38%. This is the main driving force for gold prices to increase sharply over the weekend.

Since the beginning of the year, domestic gold prices have recorded impressive growth. Gold bar prices at major companies such as DOJI and Bao Tin Minh Chau have increased by about VND39.3 million/tael in both buying and selling directions.

For gold rings, the increase was also significant. At DOJI, the buying price increased by 33.7 million VND/tael and the selling price increased by 35.3 million VND/tael. At Bao Tin Minh Chau, the figures were 34.6 million VND and 36 million VND/tael respectively.

Investors who bought gold at the beginning of this year have earned a significant profit. If investing in SJC gold bars, each tael bought at the beginning of the year at VND84.2 million can now be sold at VND121.5 million, earning a profit of VND37.3 million.

With gold rings, the profit is also very attractive. At DOJI, each tael of gold rings brings in a profit of 32.8 million VND. At Bao Tin Minh Chau, this figure is even higher at 33 million VND/tael when the purchase price is currently 117.2 million VND compared to 84.2 million VND at the beginning of the year.

However, experts warn investors to be aware of important risks. The current large gap between buying and selling prices, from 2 to more than 3 million VND/tael, could put investors at risk if the market fluctuates.

Gold price forecast

According to the latest report from the World Gold Council (WGC), cash flows into gold ETFs and demand for physical gold reached their highest level in the first half of the year since 2013.

The tense geopolitical situation, unpredictable US trade policy and high gold prices have caused many investors to seek gold as a safe haven. Central banks also continue to increase gold purchases to add to their reserves.

Expert Tai Wong commented that although the stronger USD is putting pressure, gold prices still maintain their floor and are ready to increase if there is a deep adjustment thanks to long-term supporting factors such as geopolitical instability, US public debt and the trend of decreasing dependence on the USD.

Kelvin Wong of OANDA said that with gold prices surpassing $3,350 an ounce at the end of the week, the metal could receive further upside momentum in the short term. This scenario is noteworthy as the market awaits important data on inflation and the US labor market, which are key factors in the direction of gold prices in the coming time.

Technically, the bulls are in control with the target of $3,400 just under 2%. Staying above $3,330 could open the way for a move to $3,400, while a drop below this level could drag the price to $3,300 - a key support zone.

Naeem Aslam of Zaye Capital Markets predicts that gold prices could steadily move towards $3,400 on expectations of a change in monetary policy. If the Fed signals easing, speculative money could push prices above this psychological level, especially as investors continue to seek safe-haven assets. Technical indicators such as ETF inflows and rising buying interest reinforce this outlook.

Michael Brown of Pepperstone is bullish on gold’s role as a global currency amid trade uncertainty. He expects the trend of diversifying reserves from the US dollar into gold, especially from emerging markets, to continue, along with safe-haven demand amid concerns about the US economy. The $3,400, $3,445 and $3,500 levels are key points to watch, with gold likely to make new highs before year-end.

According to CME's FedWatch tool, the market now predicts a 92% chance of the Fed cutting interest rates in September, up sharply from the previous 38%. This is the main driving force for gold prices to increase sharply over the weekend.

With little major economic data coming in the week ahead, markets will continue to digest Friday’s weak jobs report. Meanwhile, experts expect uncertainty from President Trump’s trade war to continue to boost demand for gold as a haven asset.