Gold price today August 22: SJC gold and ring gold prices at record peak, world gold prices slightly decreased

Gold pricedomestic today 8/22/2025

As of 4:00 a.m. today, August 22, 2025, the domestic SJC gold price is at a new record peak. Specifically:

SJC gold price is listed by DOJI Group at 124.4-125.4 million VND/tael (buy - sell), an increase of 600 thousand VND/tael in both buying and selling directions compared to yesterday.

At the same time, the price of SJC gold was listed by Saigon Jewelry Company Limited - SJC at 124.4-125.4 million VND/tael (buy - sell), an increase of 600 thousand VND/tael in both buying and selling directions compared to the closing price on August 20 yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 124.9-125.4 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 600 thousand VND/tael for both buying and selling.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 124.4-125.4 million VND/tael (buy - sell), the price increased by 600 thousand VND/tael in both buying and selling directions compared to the same period yesterday.

SJC gold price at Phu Quy is traded by businesses at 123.4-125.4 million VND/tael (buy - sell), gold price increased by 600 thousand VND/tael in both buying and selling directions compared to yesterday.

As of 4:00 a.m. on August 22, 2025, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 117.3-120.3 million VND/tael (buy - sell); an increase of 300,000 VND/tael in the buying direction - an increase of 100,000 VND/tael in the selling direction 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 300 thousand VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list today, August 22, 2025 is as follows:

World gold price today August 22, 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 22, Vietnam time, was 3,344 USD/ounce. Today's gold price increased by 27.93 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,5320 VND/USD), the world gold price is about 106.97 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 18.43 million VND/tael higher than the international gold price.

Domestically, SJC gold prices have continuously set new records despite the large difference compared to world prices. According to expert Tran Duy Phuong, the domestic market has fluctuated strongly due to high demand for gold but limited supply. In the free market, the selling price of SJC gold bars has reached VND125.7 million/tael, while the buying price is also very high at VND124.9 million/tael. This situation reflects the fact that small shops are forced to buy at high prices due to a shortage of sellers in the market.

World gold prices fell slightly as investors awaited the speech of US Federal Reserve Chairman Jerome Powell at the Jackson Hole summit on Friday. This event is expected to provide important signals on the US central bank's monetary policy direction.

Specifically, the spot gold price decreased slightly by 0.13%. The price of gold futures for December delivery in the US also decreased by 0.12%, to 3,384 USD/ounce. The USD increased by 0.4%, making the price of gold priced in USD more expensive for foreign buyers.

Gold prices edged lower after preliminary data showed that U.S. manufacturing and services activity grew more than expected in August. S&P Global's preliminary manufacturing PMI rose to 53.3 from 49.8 in July, hitting a 39-month high, data from Thursday showed. The report showed new orders in the manufacturing sector rose the most since February 2024.

The decline in global gold prices was limited after data on US existing home sales in July increased 2.0%. The US National Association of Realtors announced that nationwide home sales reached a seasonally adjusted pace of 4.01 million units, significantly higher than economists' forecast of a decrease to 3.92 million.

Analysts say the market reaction will depend on what Powell says. Marex analyst Edward Meir said that if Powell signals a possible rate cut in September, the market may not move much because it is already calculated. However, if he mentions the possibility of a rate cut in the following months, such as October, November or December, the US dollar could weaken and push gold higher.

Minutes from the latest FOMC meeting released early Thursday showed a majority of Fed officials believe inflation risks are more worrisome than the problems in the U.S. labor market. Trade tariffs have exacerbated disagreements within the rate-setting committee. Many FOMC members believe U.S. inflation has been running above 2 percent for an extended period, raising the risk that long-term inflation expectations will be destabilized if the impact of higher tariffs persists.

In other developments, Swiss gold exports to the US surged last month to their highest level since March, with nearly 51 tonnes of bullion shipped to the US in July. The record gold exports accounted for more than two-thirds of Switzerland’s trade surplus with the US in the first quarter of 2025. The Swiss National Bank said that large gold exports to the US should not be counted when analyzing the trade relationship between the two economies.

Besides gold prices, silver prices increased by 0.6% to 38.11 USD/ounce, platinum decreased slightly by 0.1% to 1,338.85 USD while palladium decreased by 1.2% to 1,100.79 USD.

Gold Price Forecast

World gold prices are trending sideways and are unlikely to increase sharply in the near future, unless global interest rates decrease. Mr. Brian Lan from GoldSilver Central commented that gold prices will continue to fluctuate between 3,300 and 3,400 USD/ounce in the short term.

BMI Research, a unit of Fitch Solutions, has raised its 2025 gold price forecast by $150 to $3,250 an ounce. BMI expects gold prices to remain high in the coming weeks as the market prepares for a Fed rate cut in September. However, any upside from the cut is likely to be limited as much of the price action has already been priced in.

Randy Smallwood, president and CEO of Wheaton Precious Metals, is bullish on gold. He doesn’t see gold stopping at $3,300 and expects silver to outperform on increased retail interest.

Technically, the December gold futures bulls still have the upper hand in the short term. The bulls’ next price objective is to close above solid resistance at $3,500.00. Meanwhile, the bears are aiming to push prices below key technical support at the July low of $3,319.20. The immediate resistance is at $3,400.00 and then at the weekly high of $3,403.60. The first support is at the weekly low of $3,353.40 and then at $3,350.00.

In the short term, gold prices will fall mainly due to investors' cautious sentiment in the face of monetary policy uncertainties. The upcoming speech of the Fed Chairman will be a key factor in orienting the market. In addition, profit-taking pressure also appeared when US President Donald Trump made positive moves to end the conflict in Ukraine and improve trade relations with China. The US Treasury Secretary also expressed satisfaction with the current tax rates and said that everything was going well.

Another important factor is monetary policy expectations. Morgan Stanley warns that markets may be too optimistic about the Fed's ability to ease policy soon. While some recent statements have sounded dovish, the actual level of easing could be much lower than the market expects.

In the medium term, the outlook for gold remains positive. Geopolitical tensions in the Middle East and Europe are long-term and difficult to resolve. Moreover, the Fed is on a downward trend and the US dollar is expected to weaken, which supports gold prices.

Another underlying factor is that many countries are gradually reducing their holdings of US bonds as the US debt rises above $37 trillion. China has reduced its holdings of US government bonds for three consecutive months, down to $756 billion, the lowest since 2009. However, total foreign holdings of US Treasury bonds still rose to a record $9.13 trillion in June 2025.

However, many experts remain optimistic about gold's long-term prospects. Nicky Shiels of MKS PAMP has just revised her 2025 average gold price forecast to $3,200 an ounce, up 8% from the previous forecast. She expects prices to hit $3,600 an ounce by the end of 2026. The reason is that the global economic landscape is moving into a "new fiscal era" with record levels of public debt, high interest rates and increased pressure on central banks. This strengthens gold's position as a hedge for investors.