Gold price today August 18: Gold bar price hits new record, gold ring and world gold price drops sharply

Gold pricedomestic today 18/8/2025

As of 4:00 a.m. today, August 18, 2025, the domestic gold bar price has not changed compared to yesterday. Specifically:

The price of SJC gold bars listed by DOJI Group is 123.5-124.5 million VND/tael (buy - sell), the price remains unchanged in both buying and selling directions compared to yesterday. The price increased 300 thousand VND/tael in buying direction - increased 100 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 123.5-124.5 million VND/tael (buy - sell), the price remained unchanged in both buying and selling directions compared to the closing price on August 16 yesterday. The price increased by 300 thousand VND/tael in buying direction - increased by 100 thousand VND/tael in selling direction compared to the closing price on August 10 last week.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 124-124.5 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 200 thousand VND/tael for buying - unchanged for selling. Compared to the beginning of last week, the gold price increased by 600 thousand VND/tael for buying - increased by 100 thousand VND/tael for selling.

SJC gold price at Bao Tin Minh Chau Company Limited was traded by businesses at 123.5-124.5 million VND/tael (buying - selling), the price remained unchanged in both buying and selling directions compared to yesterday; the price increased by 300 thousand VND/tael in buying direction - increased by 100 thousand VND/tael in selling direction compared to the same period last week.

SJC gold price at Phu Quy is traded by businesses at 122.7-124.5 million VND/tael (buy - sell), gold price is unchanged in both buying and selling directions compared to yesterday, gold price increased 500 thousand VND/tael in buying direction - increased 100 thousand VND/tael in selling direction compared to Monday of last week.

As of 4:00 a.m. on August 18, 2025, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 116.5-119.5 million VND/tael (buy - sell); the price remained unchanged in both buying and selling directions compared to yesterday; the price decreased by 1 million VND/tael in buying direction - decreased by 500 thousand VND/tael in selling direction compared to the beginning of last week.

Bao Tin Minh Chau listed the price of gold rings at 116.8-119.8 million VND/tael (buy - sell); unchanged in both buying and selling directions compared to yesterday; down 1 million VND/tael in both buying and selling directions compared to the same period last week.

The latest gold price list today, August 18, 2025 is as follows:

World gold price today August 18, 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 18, Vietnam time, was 3,336.18 USD/ounce. Today's gold price is unchanged from yesterday and down 58.44 USD/ounce compared to the beginning of last week. Converted according to the USD exchange rate at Vietcombank (26,450 VND/USD), the world gold price is about 106.39 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 18.11 million VND/tael higher than the international gold price.

At Saigon Jewelry Company (SJC), the price of gold bars has increased to an all-time high, reaching 124.5 million VND/tael for selling. The gap between buying and selling prices has narrowed to 1 million VND/tael, lower than last week.

The price of SJC 4-digit 9 gold rings has dropped sharply after a week. Although the domestic gold price has reached its peak, gold bar buyers still lost nearly 1 million VND/tael, while gold ring buyers lost up to 3.2 million VND because the difference between buying and selling prices remained at 2.5 million VND/tael.

Kevin Grady, president of Phoenix Futures and Options, believes interest rates are higher than they need to be. He predicts the Fed will likely cut rates by 50 basis points unless inflation continues to rise. However, Grady's analysis shows that the recent increase in inflation is largely due to tariffs, which, if excluded, would only result in 2% inflation. He sees this as a one-time effect of tariffs taking effect, not a long-term trend.

Regarding the gold market, Grady said the market is in a correction phase after last week's strong volatility. The price difference between futures and physical gold (EFP) jumped from $8 to over $100 on July 21 due to uncertainty over tariff policies. The difference later narrowed to $60 when the government confirmed that gold was not subject to tariffs. Grady stressed that such large fluctuations make it difficult to trade physical gold, especially for banks and traders.

He explained that the market is currently cautious due to the lack of clarity on transaction fees. Investors do not want to trade when they are unsure about fees, as sudden price movements can cause big losses. With many people on vacation, risk management departments also want to reduce trading activity after recent sharp fluctuations.

The US Bureau of Labor Statistics said the consumer price index (CPI) rose 0.2% month-on-month in July, in line with expectations. Year-on-year, the CPI rose 2.7%, slightly below expectations of 2.8%. Core inflation (excluding food and energy) rose 0.3% in July, in line with expectations. However, annual core inflation rose 3.1%, higher than the market's expectation of 3.0%.

According to Joanne Hsu, Director of the Consumer Survey, the main reason for the decline in confidence is inflation concerns. Bill Adams, chief economist at Comerica Bank, said that American consumers are in a pretty good state. Spending is still increasing in many categories, especially electric vehicles, furniture and clothing. However, spending on restaurants and building materials is down, showing that some consumers are still cautious with their wallets.

There will be little major economic data next week, so the market will focus on the Fed's moves. Most notable will be the minutes of the July FOMC meeting and Fed Chairman Jerome Powell's speech at the Jackson Hole conference on Friday.

Gold price forecast

According to the latest survey from Kitco News, most experts on Wall Street predict that gold prices will continue to move sideways in the near future. Meanwhile, most individual investors remain optimistic that gold prices can increase.

Specifically, 10 experts participated in the Kitco News survey. The results showed that only 1 person expected the gold price to increase, 1 person predicted the price to decrease, and the remaining 8 people believed that gold would continue to fluctuate within a narrow range. From the perspective of retail investors, the results of the online survey with 183 votes showed that 63% (115 people) expected the gold price to increase, 18% (33 people) predicted a decrease, and 19% (35 people) thought the price would stabilize.

Daniel Pavilonis, senior commodities broker at RJO Futures, assessed the recent gold price performance against the medium-term trend. He said that gold prices had risen sharply due to the impact of the Swiss gold import tax, but then eased slightly. Then, inflation data caused a slight increase in interest rates, leading to a risk-off sentiment in the market.

Despite the stock market recovery, gold prices are still trading in a narrow range. Pavilonis expects gold to continue moving sideways in the near term. He previously expected gold prices to fall below $3,000, but now he thinks gold could rise slightly or maintain its current price.

According to Pavilonis, if the Fed starts cutting interest rates and inflation increases, gold could rise. He does not think gold will fall sharply unless there is a major change in economic data. On the geopolitical front, the conflict between Russia, Ukraine and the US could put pressure on gold prices if a peace deal is reached, but the most likely scenario is for gold to continue moving sideways.

Pavilonis hopes the recent rally isn’t a false flag and prices won’t reverse. He looks at technical indicators and price charts and sees gold in neutral territory since April – a four-month swing. The 50-day moving average is still trending up but losing momentum.

If gold fails to make a new high in October or November, it is likely to fall to support around the 200-day moving average, around $2,964.

Regarding upcoming events such as the FOMC meeting minutes or Jackson Hole conference, Pavilonis said that they are unlikely to have a significant impact on gold prices unless the Fed unexpectedly cuts interest rates. Meeting minutes usually reflect past data, and the market has already priced in the possibility of interest rate cuts. Therefore, he expects gold to continue moving in its current sideways price channel.