Gold price this afternoon August 9, 2025: Domestic and world gold prices are high but there are too many investment risks

Gold priceDomestic this afternoon 8/9/2025

As of 3:30 p.m. this afternoon, August 9, 2025, the domestic gold bar price was at a record 124.4 million. Specifically:

The price of SJC gold bars listed by DOJI Group is at 123.2-124.4 million VND/tael (buy - sell), the price remains 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 123.2-124.4 million VND/tael (buy - sell), the price remained unchanged in both buying and selling directions compared to the closing price on August 8 yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 123.6-124.4 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 200 thousand VND/tael for buying - unchanged for selling.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 123.2-124.4 million VND/tael (buy - sell), the price increased by 600 thousand VND/tael in the buying direction - increased by 400 thousand VND/tael in the selling direction compared to the same period yesterday.

SJC gold price at Phu Quy is traded by businesses at 122.2-124.4 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 9, 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.

Phu Quy listed the price of Phu Quy 9999 round gold rings at 117-120 million VND/tael (buy - sell); unchanged in both buying and selling directions compared to yesterday.

The latest gold price list this afternoon, August 9, 2025 is as follows:

World gold price this afternoon August 9, 2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 4:30 p.m. on August 9, Vietnam time, was 3,397.26 USD/ounce. This afternoon's gold price increased by 5.62 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,400 VND/USD), the world gold price is about 111.56 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 12.84 million VND/tael higher than the international gold price.

Last week, the world gold price experienced many big fluctuations, especially in the last two trading days when information about gold import tax made many people worried. Although the White House later denied this news, the gold price remained high at nearly 3,400 USD/ounce.

Specifically, the spot gold price increased slightly by 0.17%, increasing by about 1% for the whole week. Meanwhile, the December gold futures price increased by 1.4% to 3,502.90 USD/ounce, and once reached a record of 3,534.10 USD.

Mr. Shaokai Fan, representative of the World Gold Council (WGC), shared about the trend of gold investment which is becoming more and more popular among individuals. Not only in Vietnam, the phenomenon of queuing to buy gold has also appeared in the US, China, India and the Middle East. This shows that the awareness of the importance of gold has changed positively in the past 5 years.

When asked about the risks of investing in gold, Mr. Fan noted that the price is currently at a high level. Investors should consider carefully before deciding to add more gold to their portfolio, especially when the capital invested is increasing. He advised people to consider the overall investment channels available.

Gold prices started the week at $3,360.52 an ounce. After a slight dip to $3,345 on Sunday evening, gold surged to $3,383 on Monday morning. However, the rally was short-lived. By Monday evening, prices had plunged to a weekly low of $3,350 on Tuesday morning.

Gold then rebounded quickly, hitting $3,390 before noon. But this time, selling pressure pushed prices down to $3,360 by Wednesday morning. By the North American session, gold was pushed up to nearly $3,380.

On Wednesday night, strong participation from Asian and European investors helped gold hit a weekly high of $3,396. Rumors of import taxes on gold from Switzerland to the US emerged on Thursday afternoon, pushing prices above the resistance level of $3,400.

Throughout Thursday night and Friday morning, gold prices fluctuated within a $20 range, repeatedly testing the $3,400 threshold. Notably, even when the White House confirmed that no tariffs would be imposed, gold prices only fell slightly to $3,380 before quickly recovering, closing the week near the $3,400 mark.

Notable economic events next week include the RBA interest rate decision, US CPI/PPI inflation reports, retail sales and consumer confidence figures, and a number of Fed officials speaking. These factors will continue to guide gold prices in a market that remains sensitive.

Gold Price Forecast

According to the latest survey from Kitco News, industry experts are optimistic about the outlook for gold prices, while individual investors also maintain expectations that prices will increase in the near future.

This week, 10 experts participated in the survey. The majority (60%, or 60%) predicted that gold prices would continue to rise. Only one (10%) said that prices would fall, and three (30%) expected prices to remain stable. In addition, 188 retail investors participated in the online poll. The majority (129, 69%) believed that gold prices would rise, 12% (23) predicted a fall, and 19% (36) thought prices would remain stable.

"Gold is going to go up. Things change and then go back to the way they were. The news about the gold tariff from the US government is just part of the familiar trade story," said Darin Newsom, market analyst at Barchart.com.

Meanwhile, Rich Checkan, head of Asset Strategies International, predicted little price movement: "It will take some time for the market to digest the news about the Swiss gold tax. This week will probably be a waiting period before there is more clarity."

James Stanley, strategist at Forex.com, expressed optimism: "I remain bullish. The $3,435 level was tested several times in May, June and July but recovered quickly. This time, the bulls may make a breakthrough." He also said the important support level is $3,350.

Ole Hansen, commodities expert at Saxo Bank, noted that the real breakout signal should come from the spot market: "Futures have hit new highs, but spot prices are still in the range they were in April. A break above $3,450 would be needed to confirm a strong uptrend."

He advised investors not to rely too much on technical signals from the futures market, as prices here can be affected by many short-term factors. Instead, the London spot price (XAUUSD) remains the most reliable indicator of gold's true value.

Adrian Day, chairman of Adrian Day Asset Management, is not too concerned about the news of the US gold tax on Swiss gold. He thinks it may just be a misunderstanding of the gold market. "I'm inclined to think it's just a mistake in the way gold bullion is taxed," Day said.

Regarding the gold price movement next week, Day predicts that the sideways trend will continue. "After the strong increase in the past 2 weeks, gold prices are likely to decrease slightly next week." Investors are advised to closely monitor important economic indicators that will be released soon to make appropriate decisions.