Gold price today August 15: Domestic gold price falls from record peak, world price slightly decreases to take profit

Gold priceDomestic today 8/15/2025

As of 4:00 a.m. today, August 15, 2025, the domestic gold bar price increased compared to yesterday. Specifically:

DOJI Group listed the price of SJC gold bars at 123.5-124.7 million VND/tael (buy - sell), an increase of 800 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 123.7-124.7 million VND/tael (buy - sell), an increase of 700 thousand VND/tael for buying - an increase of 500 thousand VND/tael for selling compared to the closing price on August 13 yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 124-124.7 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 600 thousand VND/tael for buying and 500 thousand VND/tael for selling.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 123.7-124.7 million VND/tael (buy - sell), the price increased by 700 thousand VND/tael in buying direction - increased by 500 thousand VND/tael in selling direction compared to the same period yesterday.

SJC gold price at Phu Quy is traded by businesses at 122.7-124.7 million VND/tael (buy - sell), gold price increased by 500 thousand VND/tael in both buying and selling directions compared to yesterday.

As of 4:00 a.m. on August 15, 2025, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 116.8-119.8 million VND/tael (buy - sell); the price increased by 300 thousand VND/tael in both buying and selling directions compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 117.5-120.5 million VND/tael (buy - sell); an increase of 500 thousand VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list today, August 15, 2025 is as follows:

World gold price today August 15, 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 15, Vietnam time, was 3,340.96 USD/ounce. Today's gold price decreased by 23.06 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,440 VND/USD), the world gold price is about 106.66 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 18.04 million VND/tael higher than the international gold price.

World gold prices fell slightly after the US PPI inflation data in July increased more than expected, along with the first-time jobless figures last week, pushing the USD and Treasury bond yields up. This reduced expectations that the Federal Reserve (Fed) will cut interest rates sharply in September.

Specifically, spot gold prices fell 0.69%. US gold futures for December delivery also fell 0.2% to $3,400.60.

The dollar rose 0.2% from its lowest in more than two weeks, making gold more expensive for buyers outside the U.S., while the yield on the benchmark 10-year Treasury note also rose slightly from its lowest level in a week.

The US Department of Labor said the PPI rose 0.9% in July after remaining flat in June. That was much higher than the forecast of a 0.2% increase. Compared to the same period last year, the PPI rose 3.3%, the highest increase since February 2025.

These data have led the market to reduce expectations for a sharp 0.5-point interest rate cut in September. Instead, the Fed is likely to cut only 0.25 points and continue a similar cut in October. This is in line with the opinion of Mary Daly, a Fed official, that such a sharp cut is not necessary.

"Gold prices fell as stronger-than-expected PPI data could dampen hopes of a rate cut. This also led to a rise in the core PCE inflation index in July, forcing the Fed to be more cautious. However, we remain bullish on gold as the Fed will eventually have to choose between containing inflation or supporting the economy," said Ole Hansen, commodity strategist at Saxo Bank.

Mohammed Taha, market analyst at MH Markets, said: "PPI data shows that inflationary pressures remain, which could push gold lower as investors worry that interest rates will remain high for longer. However, if the Fed is forced to ease policy due to economic weakness or persistent inflation, gold prices could recover and head towards $3,450-$3,500."

Gold prices continued to fall in the session after the US released better-than-expected labor market data. The number of people filing for unemployment benefits last week was lower than economists had forecast. The US Department of Labor said new claims for unemployment benefits were a seasonally adjusted 224,000 for the week ended August 9, below the forecast of 228,000. The previous week's figure was revised up slightly from 227,000.

Besides gold, spot silver fell 1% to $38.11 an ounce. Meanwhile, platinum rose 1% to $1,352.60 and palladium rose 1.7% to $1,140.81.

Gold Price Forecast

Currently, the world gold price is under some profit-taking selling pressure as the US gradually reaches trade agreements with many countries. However, the overall picture still has many unstable factors that make investors cautious. The conflict in Ukraine continues to pose many risks, especially after the White House on August 12 expressed little hope for the possibility of reaching a ceasefire agreement between US President Donald Trump and his Russian counterpart Putin.

One of the main drivers of gold’s recent rise is the expectation that the US Federal Reserve will aggressively cut interest rates following Trump’s comments. Despite short-term profit-taking pressure, gold still benefits from geopolitical uncertainties and a possible decline in the US dollar in the medium to long term.

Professor Thorsten Polleit, an economist at the University of Bayreuth and editor of the BOOM & BUST REPORT publication, shared his views in a recent interview. He said that it is understandable that bond yields remain high as investors demand a higher risk premium. However, he does not expect the US 10-year bond yield to exceed 5%.

According to Professor Polleit, the Fed is probably hoping that cutting short-term interest rates will help push down long-term interest rates. 'If that doesn't work, it's likely that central banks will have to step in and buy again, and as yields fall, gold prices will continue to rise. There's a lot of potential and momentum in the gold market, and I expect prices to be higher before the end of the year.'

In the long term, the professor is very optimistic, saying that it is not impossible for gold prices to double in the next 5 to 10 years. This assessment is based on many fundamental factors including the need to diversify global reserves, the context of prolonged low interest rates and persistent economic and political instability.

Gold prices are currently finding strong support above $3,300 an ounce. According to ING analysis, it is only a matter of time before gold prices break out of their current sideways phase and retest record highs.

In her latest monthly report, Ewa Manthey, commodity strategist at ING, revised her forecast for gold prices higher due to signs of weakness in the US labor market and persistent inflationary pressures. She now expects gold prices to average $3,400 an ounce in the third quarter and $3,450 in the fourth quarter, up from her previous forecast of $3,200 for both quarters.

Ms. Manthey expects gold prices to surpass $3,500 in the first quarter of 2025, 9% higher than her previous estimate. In 2026, the average price is expected to reach $3,512 per ounce, up sharply from $3,175 in the previous forecast. This upward revision comes from expectations that the Fed will cut interest rates aggressively in the second half of 2025.

"With expectations of US interest rate cuts rising, gold could be poised to set a new record high. Our economics team predicts three cuts this year and two more by early 2026, which is stronger than the general market expectation," said Ms. Manthey.