Gold price this afternoon, August 6: Domestic gold price increased slightly, world gold price soon has a new peak

Gold pricedomestic today 8/6/2025

As of 3:30 p.m. today, August 6, 2025, the domestic gold bar price increased slightly in the buying direction. Specifically:

DOJI Group listed the price of SJC gold bars at 122.2-123.8 million VND/tael (buy - sell), the price remained unchanged 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 122.4-123.8 million VND/tael (buy - sell), the price increased by 200 thousand VND/tael in the buying direction - unchanged in the selling direction compared to the closing price on August 5 yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 123-123.8 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 400 thousand VND/tael for buying - unchanged for selling.

SJC gold price at Bao Tin Minh Chau Company Limited was traded by businesses at 122.4-123.8 million VND/tael (buy - sell), the price increased by 200 thousand VND/tael in the buying direction - unchanged in the selling direction 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 remains unchanged in both buying and selling directions compared to yesterday.

As of 3:30 p.m. on August 6, 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 remained unchanged 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); unchanged in both buying and selling directions compared to yesterday.

The latest gold price list this afternoon, August 6, 2025 is as follows:

World gold price this afternoon August 6, 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 6, Vietnam time, was 3,366.44 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 (26,420 VND/USD), the world gold price is about 110.66 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 13.14 million VND/tael higher than the international gold price.

World gold prices fell slightly due to the increase in the USD, while investors cautiously awaited US President Donald Trump's decision on appointing personnel to the Federal Reserve (Fed).

Specifically, spot gold prices fell 0.07%, after hitting a nearly two-week high yesterday. Meanwhile, US gold futures also fell 0.1% to $3,432.40/ounce.

The dollar recovered from a one-week low after weak U.S. jobs data raised expectations the Fed will cut interest rates in September, making gold less attractive to investors holding other currencies.

Gold prices are currently being affected by a number of conflicting factors, according to Ilya Spivak, an analyst at Tastylive. Falling bond yields support gold prices, but the US dollar has maintained its strength despite the sell-off at the end of last week. This has caused gold prices to trade in a narrow range, waiting for clearer signals from the market.

President Trump said he will soon announce an interim replacement for Fed Board member Adriana Kugler, who announced her resignation last Friday. He will also announce a nominee for the next Fed chair.

Following weaker-than-expected US jobs data, markets are now pricing in an 88% chance of a Fed rate cut in September. Notably, Trump fired the commissioner of the US Bureau of Labor Statistics (BLS) shortly after the report was released.

Mr Trump has once again threatened to raise tariffs on goods from India because of its oil purchases from Russia. India has rejected the accusation, calling Trump's move "baseless" and vowing to defend its economic interests, deepening the trade dispute between the two countries.

Perth Mint (Australia) said gold sales in July fell 33% compared to the previous month, while silver sales also fell to their lowest level in the past half year.

Besides gold prices, spot silver prices were steady at $37.85 an ounce, platinum fell 0.1% to $1,319.35, and palladium fell 0.6% to $1,168.17.

Gold price forecast

The US multinational financial group Citigroup has just raised its forecast for gold prices in the next 3 months to 3,500 USD/ounce, compared to 3,300 USD/ounce given in June 2025. The expected price range has also been raised, from 3,100 - 3,500 USD/ounce to 3,300 - 3,600 USD/ounce.

The US asset management company WisdomTree believes that there are five major economic factors that could push gold prices to new record levels. Notably, if the Trump administration really pursues a policy of devaluing the USD, the price of 5,355 USD/ounce by the end of June 2026 (up 58.6% compared to the present) is considered a fairly conservative forecast.

According to the World Gold Council (WGC), central banks bought a net 22 tonnes of gold in June, bringing the total purchases in the first half of the year to 123 tonnes.

Gold demand has increased slightly for three consecutive months, but is still lower than the same period in 2024, said Krishan Gopaul, senior analyst for EMEA at the WGC.

Recently, the price of gold has fluctuated strongly with sudden increases and decreases. However, it can be seen that gold has established a new higher price range. If the price previously fluctuated around 3,300 - 3,350 USD/ounce, it has now moved up to the range of 3,350 - 3,400 USD/ounce.

Every time the gold price drops to $3,350/ounce, buying demand increases sharply, showing that this has become a new support level for more than a week.

Amid rising trade and geopolitical tensions, gold has more supportive factors and could reach $3,400/ounce as many recent forecasts.

In the long term, gold prices could be supported by the falling trend of the US dollar. The greenback has fallen sharply since the beginning of the year due to expectations of US interest rate cuts and loose monetary policy under Mr. Trump.

Many experts predict that gold prices will exceed $3,400/ounce in September when the Fed begins to cut interest rates, and could increase further if the US central bank continues to loosen monetary policy.