Gold price today August 10: Domestic and world gold prices increased sharply but will decrease slightly next week

Gold pricedomestic today 10/8/2025

As of 4:00 a.m. today, August 10, 2025, the domestic gold bar price is at a record high of 124.4 million. Specifically:

DOJI Group listed the price of SJC gold bars at 123.2-124.4 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 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 was traded by the enterprise at 123.2-124.4 million VND/tael (buy - sell), the price increased by 600 thousand VND/tael in buying direction - increased by 400 thousand VND/tael in 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 4:00 a.m. on August 10, 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 today, August 10, 2025 is as follows:

World gold price today August 10, 2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 4:00 a.m. on August 10, Vietnam time, was 3,397.26 USD/ounce. Today'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.

Despite the lack of important economic data this week, the world gold price still witnessed many unexpected fluctuations. The gold price was on an upward trend when suddenly there was news that some gold bars imported from Switzerland would be subject to trade tax, with a tax rate of up to 39%.

The news immediately pushed Comex gold futures to a new record high of $3,534.10, pushing spot prices above $3,400 an ounce. By Friday afternoon, the White House confirmed the report was inaccurate and said there were no plans to impose tariffs on gold. However, after a brief sell-off, gold held on to its weekly gains.

Specifically, the spot gold price is currently at 3397.26 USD/ounce, up 1.03% compared to the beginning of the week. Next week there will be many important economic events that can affect the gold price.

The Reserve Bank of Australia will announce its interest rate decision on Tuesday morning, with expectations for a 0.25% cut from 3.85% to 3.60%. This will be followed by the US CPI report for July, with core inflation forecast to edge up slightly from 0.2% to 0.3%.

Wednesday will be a quiet day with few data points, with the most notable being speeches from Fed officials Goolsbee and Bostic. Thursday will see the US PPI report for July, with core inflation forecast to rise 0.2%, and weekly jobless claims data.

The market will focus on US consumer spending later in the week, with July retail sales forecast to fall slightly from 0.6% to 0.5%, while core retail sales are expected to fall from 0.6% to 0.3%. The University of Michigan's preliminary consumer sentiment index will provide a look at consumer sentiment in August.

Joni Teves, a strategist at Swiss bank UBS, expressed concern about the impact of the new tax on gold futures trading in the US. She said gold prices will remain volatile until there is more clarity.

Ole Hansen of Saxo Bank said the surprise tariff decision undermined confidence in the US market. He compared it to recent events in the New York copper market, which showed that US futures markets were becoming unstable due to the Trump administration's erratic tariff policies.

Ross Norman, CEO of Metals Daily, likened the 39% tax on Swiss gold bullion to “pouring sand into a well-oiled engine.” He calculated that the price of gold in New York rose by at least $100 an ounce, representing a $3.2 billion gain overnight. Norman predicted that the price difference between London and New York could be in the hundreds of dollars.

Gold price forecast

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

This week, 10 experts participated in the survey. The majority (60%) predicted that gold prices would continue to rise. Only one (10%) expected prices to 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 prices will rise. Things change and then go back to the way they were. The news about the gold tax 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, forecast little price volatility: "It will take time for the market to digest the news about the Swiss gold tax. This week will probably be a waiting period before there is clearer information."

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 buyers may break out." He also said the important support level is $3,350.

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 classification of gold bullion subject to tax."

When it comes to gold prices next week, Day is more focused on consumer data than inflation. He doesn’t expect big moves in the consumer price index (CPI) or producer price index (PPI). However, two other key indicators, consumer confidence and retail sales, are expected to continue to show signs of weakness.

Day believes the possibility of a Fed rate cut in September is fully priced in. "Even if the Fed cuts by 0.25%, without any special announcement from Powell, the impact will be negligible. Small changes in CPI or consumer confidence are unlikely to change the situation," he said.

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