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 high. Specifically:

DOJI Group listed SJC gold price 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 was traded by the enterprise at 124.4-125.4 million VND/tael (buying - selling), an increase of 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 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 buying - an increase of 100,000 VND/tael in selling 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.

In the country, the price of SJC gold has continuously set new records despite the large difference compared to the world price. According to expert Tran Duy Phuong, the domestic market fluctuates strongly due to high demand for gold but limited supply. In the free market, the selling price of SJC gold bars has reached 125.7 million VND/tael, while the buying price is also very high at 124.9 million VND/tael. This situation reflects the fact that small shops are forced to buy at high prices due to the scarcity 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, spot gold prices fell slightly by 0.13%. December gold futures in the US also fell by 0.12% to 3,384 USD/ounce. The USD increased by 0.4%, making USD-denominated gold more expensive for foreign buyers.

Gold prices edged lower after preliminary data showed U.S. manufacturing and services activity increased 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 world gold prices was restrained 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 rate 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 prices higher.

Minutes of the latest FOMC meeting released early Thursday morning showed a majority of Fed officials believe inflation risks are more worrisome than problems in the US labor market. Trade tariffs have increased disagreement within the rate-setting committee. Many FOMC members believe US inflation has exceeded 2% for a long time, raising the risk of destabilizing long-term inflation expectations if the impact of higher tariffs is prolonged.

In other developments, Swiss gold exports to the US last month soared to their highest level since March, with the amount of gold bars shipped to the US in July reaching nearly 51 tonnes. This record gold export turnover accounts 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 the 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 0.6% to 38.11 USD/ounce, platinum decreased slightly 0.1% to 1,338.85 USD while palladium decreased 1.2% to 1,100.79 USD.

Gold price forecast

World gold prices are trending sideways and 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 the outlook for gold. He doesn’t see gold stopping at $3,300 and expects silver to outperform due to increased interest from retail investors.

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 progressing well.

Another important factor is monetary policy expectations. Morgan Stanley warns that the market 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 may be much lower than what 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 public debt rises past $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. Ms. Nicky Shiels of MKS PAMP has just revised the average gold price forecast for 2025 to $3,200/ounce, up 8% from the previous one. She expects prices to reach $3,600/ounce by the end of 2026. The reason is that the global economic landscape is moving into a "new fiscal era" with record public debt, high interest rates and great pressure on central banks. This strengthens gold's position as a risk-hedging tool for investors.