Gold price today August 20: Gold bar and gold ring prices at the top, world gold falls to the bottom

Gold pricedomestic today 8/20/2025

As of 4:00 a.m. today, August 20, 2025, the domestic gold bar price remained at the peak compared to yesterday. Specifically:

The price of SJC gold bars listed by DOJI Group is at 124-125 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 124-125 million VND/tael (buy - sell), the price remained unchanged in both buying and selling directions compared to the closing price on August 18 yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 124.5-125 million VND/tael for buying and selling. Compared to yesterday, the gold price remained unchanged in both buying and selling directions.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 124-125 million VND/tael (buy - sell), the price remains unchanged in both buying and selling directions compared to the same period yesterday.

SJC gold price in Phu Quy is traded by businesses at 123-125 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 20, 2025, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 117-120 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 117.2-120.2 million VND/tael (buy - sell); unchanged in both buying and selling directions compared to yesterday.

The latest gold price list today, August 20, 2025 is as follows:

World gold price today August 20, 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 20, Vietnam time, was 3,326.23 USD/ounce. Today's gold price decreased by 9.69 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,490 VND/USD), the world gold price is about 106.44 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 18.56 million VND/tael higher than the international gold price.

On the bustling Tran Nhan Tong street, long lines of people form from early morning under the unpredictable sun and rain of Hanoi, all with the same purpose: buying gold. This image has become familiar in recent days when the price of gold has continuously reached new peaks, reflecting the psychology of people looking for safe investment channels in the face of unpredictable economic fluctuations.

SJC gold continues to affirm its position as the most popular product with a not-so-large price difference between dealers, creating favorable conditions for buyers to compare and choose. It is worth noting that although the gold price is at a record high, many people are still willing to wait in line to own each tael of gold, demonstrating the belief that this item will continue to increase in price in the future.

World gold prices fell sharply after the announcement of data on housing construction activities in the US in July 2025 increased by 2.5%. This figure is higher than the predictions of economic experts. Compared to the same period last year, construction activities increased by nearly 13%.

While construction has exceeded expectations in the past two months, there are signs that it may slow later in the year. New building permits fell 2.8%. That was a much larger decline than economists had expected. Permits were also down nearly 6% from a year ago.

The housing sector is closely watched because it reflects the overall health of the economy. It has struggled recently. Homebuyers face high costs on two fronts: rising mortgage rates due to the US Federal Reserve raising interest rates, and rising home prices due to limited supply.

Spot gold fell 0.29 percent. December gold futures also fell 0.32 percent to $3,366.87 an ounce. The dollar index fell 0.1 percent against major currencies, while 10-year bond yields also fell, which helped gold, as they made it more attractive to investors holding other currencies.

The gold market is in the build-up to the Jackson Hole conference, so trading is expected to be quiet until the event begins, according to Kitco Metals expert Jim Wyckoff. At this annual conference, Fed Chairman Powell will speak on the economic outlook and the direction of monetary policy on Friday.

US President Donald Trump continues to call for the Fed to cut interest rates more aggressively. According to Wyckoff, Powell may be leaning towards easing, which would be good for gold prices. The CME FedWatch tool shows that the market is pricing in an 83% chance that the Fed will cut interest rates by 25 basis points in September.

Gold Price Forecast

Investors are looking ahead to the minutes of the Fed’s latest meeting, due out Wednesday, for clues on the economic outlook and the path of interest rates. In addition, UBS raised its gold price forecast to $3,600 by the end of March 2026, citing macro risks from the U.S. economy and strong investment demand.

According to Ms. Roukaya Ibrahim, Chief Strategist at BCA Research, the gold price has been rising not only due to short-term factors but also due to long-term structural factors such as increasing investment demand and strong central bank buying. Despite pressure from peaking stock markets and high bond yields, the price of gold has maintained a key support level around the $3,300/ounce mark.

Ms Ibrahim said: 'The fact that gold prices have risen despite the headwinds suggests that this rally is a long-term trend, not a temporary one. Gold's resilience since mid-April reinforces this view. Despite being oversold, gold has held firm, demonstrating that there are buyers on every dip.'

Ms. Ibrahim predicts that gold will rise sharply when the US Federal Reserve (Fed) starts cutting interest rates. The market expects the Fed to cut interest rates in September, followed by two more cuts later in the year.

'Gold has risen over the past three years despite high real interest rates and a strong US dollar. But in the near future, these two factors will become leverage to push gold prices higher, with real interest rates falling as the US labor market slows or the Trump administration pressures the Fed to pursue an easing policy.'

In addition, BCA Research also forecasts that the USD will weaken in the coming months, creating more favorable conditions for gold. 'The USD may depreciate due to the fact that foreign investment in the US is not enough to offset the current account deficit,' Ms. Ibrahim explained.

Rhona O'Connell, Head of Market Analysis for EMEA & Asia at StoneX, has just raised her 2024 average gold price forecast to $3,115 per ounce, up slightly by 1% from $3,078 previously. She noted that gold prices have been trading in a narrow range recently, with a 2% increase in the past week and an 8% increase in the past three months.

O'Connell predicts that gold prices will average around $3,320 an ounce in the third quarter, but could fall to around $3,000 in the fourth quarter. She says that barring a major unexpected event or humanitarian crisis, gold's recent peak of $3,500 in April is unlikely to be breached.