Gold price this afternoon August 5, 2025: Domestic and world gold prices increased sharply, close to record levels, stores were crowded with customers

Gold pricedomestic today 8/5/2025

As of 3:30 p.m. today, August 5, 2025, the domestic gold bar price increased sharply, close to a record high. Specifically:

DOJI Group listed the price of SJC gold bars at 122.2-123.8 million VND/tael (buy - sell), an increase of 500 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 122.2-123.8 million VND/tael (buy - sell), an increase of 500 thousand VND/tael in both buying and selling directions compared to the closing price on August 4 yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 122.6-123.8 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 400 thousand VND/tael for buying and 600 thousand VND/tael for selling.

SJC gold price at Bao Tin Minh Chau Company Limited was traded by the enterprise at 122.2-123.8 million VND/tael (buying - selling), the price increased by 500 thousand VND/tael in both buying and selling directions compared to the same period yesterday.

SJC gold price at Phu Quy is traded by businesses at 121.2-123.8 million VND/tael (buy - sell), gold price increased by 700 thousand VND/tael in buying - increased by 500 thousand VND/tael in selling compared to yesterday.

As of 3:30 p.m. on August 5, 2025, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 117.5-120 million VND/tael (buy - sell); the price increased by 500,000 VND/tael in both buying and selling directions compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 117.8-120.8 million VND/tael (buy - sell); an increase of 600 thousand VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list this afternoon, August 5, 2025 is as follows:

World gold price this afternoon August 5, 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 5, Vietnam time, was 3,365.1 USD/ounce. This afternoon's gold price increased by 5.82 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,390 VND/USD), the world gold price is about 110.5 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 13.3 million VND/tael higher than the international gold price.

Gold prices rose to near a two-week high hit in the previous session, helped by weaker-than-expected US employment data that raised hopes the Federal Reserve would cut interest rates in September. This also put downward pressure on the US dollar and US Treasury yields.

Specifically, spot gold prices increased slightly by 0.17%, while US gold futures remained unchanged at $3,423.20. Previously, gold hit its highest level since July 24.

The dollar index fell to a one-week low, making gold cheaper for investors using other currencies, while the yield on 10-year Treasury notes also fell to a one-month low.

"Short-term momentum favors gold bulls. The fundamental reason is that the market expects the Fed to cut interest rates in September," said Kelvin Wong, senior market analyst at OANDA. Currently, traders are pricing in a 90% chance of a rate cut in September, according to the CME FedWatch tool.

The latest report showed that the pace of job growth in the US in July was slower than expected. Notably, the non-farm payroll figures for May and June were also revised down by 258,000 jobs, showing that the labor market is showing signs of weakness.

Another factor affecting the market is that US President Donald Trump once again threatened to increase import duties on goods from India, in protest at the country's purchase of oil from Russia. India denied the accusation and vowed to protect its economic interests, deepening the trade dispute between the two countries.

Despite the supportive factors, gold prices still face some technical resistance. "I don't see any signs that traders are ready to push prices above $3,450 unless there is a clearer momentum," said Mr. Wong.

Besides gold, spot silver price was stable at 37.38 USD/ounce, platinum decreased slightly by 0.2% to 1,326.20 USD, and palladium decreased by 0.3% to 1,203.15 USD.

Gold price forecast

This afternoon, August 5, at the headquarters of Saigon Jewelry Company (SJC) (HCMC), the number of customers coming to trade plain gold rings and gold bars is still very large. Many people are worried about the fluctuations of the market and choose to buy gold as a way to preserve their assets.

Mr. Dang Van Huy, a customer living in Khanh Hoi ward, shared: "I decided to buy gold now because I am afraid that the price will continue to increase in the near future. For me, gold is always the safest place to put money."

According to the World Gold Council, gold prices are likely to increase sharply in the context of the complicated geopolitical and economic situation in the world. If inflation accompanied by economic recession (stagflation) becomes more evident, many investors will flock to gold as a safe haven.

However, if global trade stabilizes and recovers, yields could rise, making investors more risk-averse and reducing the appeal of gold. In addition, if central banks reduce their purchases of gold, this would also put downward pressure on the market.

Citi Financial Group recently revised its gold price forecast to $3,500 an ounce in the next three months, much higher than its prediction in June. The reason is due to concerns about the US economic slowdown, inflation due to tariffs, a weakening US dollar and geopolitical tensions.

Citi also expanded its gold price forecast range to $3,300 to $3,600 an ounce. The bank said gold demand has increased more than 33% since mid-2022, driven by investment inflows, central bank purchases and solid jewelry demand. This is a significant change from its pessimistic forecast six weeks ago.

Although gold has been on an upward trend, the strong recovery of the US stock market has somewhat reduced the increase of this precious metal. Closing the session on August 4, the Dow Jones index increased 585.06 points (1.34%) to 44,173.64 points, completely offsetting the sharp decline from the previous session.

The S&P 500 index also rose 1.47% to 6,329.94 points, ending a four-session losing streak and recording its strongest gain since May 2025. Meanwhile, the Nasdaq Composite rose 1.95% to 21,053.58 points, showing that optimism is returning to the financial market.