Gold price today August 11: Domestic and world gold prices are at their peak but cannot last long

Gold pricedomestic today 11/8/2025

As of 4:00 a.m. today, August 11, 2025, the domestic gold bar price is at a record high of 124.4 million. Specifically:

The price of SJC gold bars listed by DOJI Group is 123.2-124.4 million VND/tael (buy - sell), the price remains unchanged in both buying and selling directions compared to yesterday. The price increased by 1.7 million VND/tael in buying direction - increased by 900 thousand VND/tael in selling direction compared to the beginning of last week.

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 9. The price increased by 1.7 million VND/tael in buying direction - increased by 900 thousand VND/tael in selling direction compared to Monday of last week.

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 remained unchanged in both buying and selling directions. Compared to the beginning of last week, the gold price increased by 1.6 million VND/tael for buying and increased by 1.2 million VND/tael for selling.

SJC gold price at Bao Tin Minh Chau Company Limited was traded by businesses at 123.2-124.4 million VND/tael (buy - sell), the price increased by 600 thousand VND/tael in buying - increased by 400 thousand VND/tael in selling compared to the same period yesterday, the price increased by 1.7 million VND/tael in buying - increased by 900 thousand VND/tael in selling compared to the same period last week.

SJC gold price in Phu Quy is traded by businesses at 122.2-124.4 million VND/tael (buying - selling), gold price is unchanged in both buying and selling directions compared to yesterday. Gold price increased by 1.7 million VND/tael in buying direction - increased by 900 thousand VND/tael in selling direction compared to last week.

As of 4:00 a.m. on August 11, 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; the price increased by 500 thousand VND/tael in both buying and selling directions compared to the beginning of last week.

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 compared to yesterday. Increased 600 thousand VND/tael in both buying and selling compared to the same period last week.

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. Increased 800 thousand VND/tael in both buying and selling directions compared to the same period last week.

The latest gold price list today, August 11, 2025 is as follows:

World gold price today August 11, 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 11, Vietnam time, was 3,397.26 USD/ounce. Today's gold price is unchanged from yesterday but increased by 36.93 USD/ounce compared to the beginning of last week. 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.

Due to the high difference between buying and selling, although the domestic gold price has reached a record, buyers are still likely to lose money when selling in waves. Specifically, the difference between buying and selling in domestic gold bars is about 1.2 million VND/tael. So if someone buys SJC gold on August 4 and sells it today (August 11), they will lose about 300,000 VND/tael.

For gold rings, the loss is even greater. Buyers at Bao Tin Minh Chau can lose up to 2.7 million VND/tael, while this figure is 2.2 million VND/tael at Phu Quy if transacting at the same time.

The world gold price has been in a narrow range since April. According to Mr. Hansen, it needs to surpass the threshold of 3,450 USD to confirm a strong and sustainable uptrend. This will be an important signal showing that the gold market has really broken out.

Stephen Innes of SPI Asset Management said the US's imposition of a tax on Swiss gold is part of an "America First" strategy. The tax on 1kg gold bars is not only aimed at raising revenue but also changing the way the world views gold as a safe haven asset. This will add to market volatility, increase arbitrage opportunities and force traders to adjust their strategies.

Ole Hansen of Saxo Bank said the surprise tariff decision undermined confidence in the US market. The December Comex futures contract hit a new record $3,534 an ounce, with the premium to the London spot market soaring from $40 to more than $100 in just one week.

Sean Lusk, an expert at Walsh Trading, said that if the market was really worried about the 39% tax on Swiss gold, the COMEX price would have rallied much more. Therefore, he expected the news to be corrected, which happened late on Friday.

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," Day said.

Looking ahead to the week ahead, Day is more focused on consumer data than inflation. He doesn’t expect any 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.

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.

Gold price forecast, why shouldn't you buy gold at this time?

A latest survey on the gold market shows that experts are becoming more optimistic, while individual investors still maintain confidence in gold's short-term upward momentum.

Of the 10 analysts surveyed, the majority (60%) predict gold prices will continue to rise next week. Only 10% expect prices to fall, while 30% expect the market to move sideways. As for individual investors, the results of the online survey with 188 votes showed that 69% predict prices will rise, 12% think prices will fall and 19% predict a consolidation trend.

Eugenia Mykuliak, head of B2PRIME Group, said the new tariffs on gold were just the latest factor supporting prices. She explained that tariffs increase uncertainty, driving money into safe-haven assets like gold. Rising US inflation and a slowing labor market have also strengthened gold's position. In particular, expectations of a Fed rate cut in September have made gold more attractive by reducing the opportunity cost of holding it.

Jim Wyckoff, a precious metals analyst, predicts that prices will continue to rise next week. He pointed to positive technical signals and the strong recovery of the buyers last week. The market is waiting for monetary policy moves from the Fed and the world gold price movement to determine the next direction. The optimism of experts and individual investors shows a positive outlook although there are still some risks from macro factors.

In just one week, the price of SJC gold bars has skyrocketed, far surpassing the record of 124 million VND/tael set in April 2025. Many people predict that the price of gold will continue to increase because the world gold price has not reached the old peak and domestic supply is still limited.

It is worth noting that while the SJC gold price broke the record, the world gold price is still hovering below the threshold of 3,400 USD/ounce. This shows that the domestic gold price is increasing hotter than the international market.

The main reason for the sharp increase in domestic gold prices is the scarcity of supply. People's preference for gold bars has further increased the price. Currently, the price difference between SJC gold bars and plain gold rings of the same purity is up to about 4 million VND.

In this situation, the State Bank has not yet announced any specific policies to increase the gold supply to the market. However, if regulatory measures are issued in the near future, the gold price may cool down. Especially when the difference between SJC gold price and world price is currently nearly 13 million VND/tael.

With the world gold price at a high level, there is a high possibility of a downward adjustment in the near future. In the current context, investors can consider switching to buying gold rings to minimize the risk of price difference compared to the international market.