Gold price today August 29: Gold bar and gold ring prices increase continuously, breaking records, world gold price increases strongly

Gold priceDomestic today 8/29/2025

As of 4:00 a.m. today, August 29, 2025, the price of domestic gold bars has continuously increased, breaking new records. Specifically:

DOJI Group listed the price of SJC gold bars at 127 - 128.5 million VND/tael (buy - sell), an increase of 1 million VND/tael for buying - an increase of 500 thousand VND/tael for selling compared to yesterday.

At the same time, the price of gold bars was listed by Saigon Jewelry Company Limited - SJC at 127 - 128.5 million VND/tael (buy - sell), an increase of 1 million VND/tael for buying - an increase of 500 thousand VND/tael for selling compared to the closing price on August 28 yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 127.2-128.2 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 400 thousand VND/tael for buying and 200 thousand VND/tael for selling.

The price of gold bars at Bao Tin Minh Chau Company Limited is traded by the enterprise at 127 - 128.5 million VND/tael (buy - sell), the price increased by 1.2 million VND/tael in the buying direction - increased by 500 thousand VND/tael in the selling direction compared to the same period yesterday.

The price of SJC gold bars at Phu Quy is traded by businesses at 126-128.5 million VND/tael (buy - sell), the gold price increased by 600 thousand VND/tael in the buying direction - increased by 500 thousand VND/tael in the selling direction compared to yesterday.

As of 4:00 a.m. on August 29, 2025, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 120.2-123.2 million VND/tael (buy - sell); an increase of 400 thousand VND/tael in both buying and selling directions compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 120.3-123.3 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 29, 2025 is as follows:

World gold price today August 29, 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 29, Vietnam time, was 3,411.33 USD/ounce. Today's gold price increased by 31.91 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,531 VND/USD), the world gold price is about 108.97 million VND/tael (excluding taxes and fees). Thus, the price of gold bars is 19.53 million VND/tael higher than the international gold price.

World gold prices rose sharply to their highest level in more than a month. The main reason was the depreciation of the USD, while investors were cautiously waiting for inflation data from the US to be released on Friday to find clues about the policy path of the Federal Reserve (Fed).

Specifically, the spot gold price increased by 0.94%. Earlier in the day, the gold price reached 3,408.62 USD, this is the highest level since July 23. The US gold futures price for December also increased by 0.5% to 3,466.30 USD/ounce.

The US dollar fell 0.3% against other currencies, making gold more attractive to investors holding other currencies.

The National Association of Realtors (NAR) said its pending home purchase contract index fell 0.4% in July, following a 0.8% decline in June. The renewed weakness in the U.S. housing sector has further highlighted the demand for gold as a safe-haven investment.

The focus of the market will be on Friday's Personal Consumption Expenditures Price Index (PCE) report, the Fed's preferred measure of inflation. Economists polled by Reuters expect the index to rise 2.6 percent in July, matching June's gain.

According to Ricardo Evangelista, senior analyst at ActivTrades, if inflation figures come in higher than expected, it could strengthen the US dollar and push up Treasury yields, putting downward pressure on gold prices. Conversely, if the figures come in lower, it could fuel expectations of a more dovish Fed, weakening the US dollar and supporting gold prices.

The market now expects a more than 87% chance that the Fed will cut interest rates by 25 basis points at its policy meeting next month. Gold is a non-interest-bearing asset, so it tends to do well in low-interest-rate environments.

The market is also closely watching President Donald Trump’s moves to exert control over the Fed. Earlier this week, Trump announced the firing of Fed Governor Lisa Cook. Many see the controversy as a threat to the Fed’s independence and credibility, which is a supportive factor for gold prices.

Besides gold prices, silver prices increased by 1.2% to 39.08 USD/ounce, platinum increased by 0.2% to 1,349.22 USD/ounce and palladium increased by 1.1% to 1,103.82 USD/ounce.

Gold Price Forecast

The world gold price is increasing strongly, very close to the threshold of 3,400 USD/Ounce. Schroders Group, a large British asset management company, believes that this price increase is likely to continue. The reason given is that inflationary pressure still exists and many investors are showing a lack of confidence in the USD.

Experts from Schroders share an optimistic view on gold, seeing it as an effective tool to diversify risks in the context of volatile monetary policy, unstable national budgets, and declining confidence in US government bonds and the US dollar.

Schroders also warned that global equity markets are currently under-valuing risks, particularly growth and inflation, leaving the investment environment fragile and vulnerable to unexpected volatility in the coming period.

Jim Luke, a metals fund manager at Schroders, said the gold price had held steady around $3,300 an ounce in the past quarter, an impressive achievement, especially when gold faced pressure from tighter immigration policies and disappointing U.S. employment data.

The big question now is whether gold has fully priced in the negative news, with the metal up nearly 30% since the start of the year. While investment demand for gold in the first half of the year was the strongest since 2020, Schroders believes there is plenty of room for growth in the second half.

Mr. Luke expects investment demand for gold to be much higher than in previous cycles. He also predicts that demand from investors in North America and Europe will soon catch up to the record levels set in Asia.

Gold prices are now reflecting investor caution amid global political and economic uncertainty. President Trump’s recent criticism of the Fed’s interest rate policy, along with the firing of a governor, has raised concerns about the agency’s independence, further pushing investors to seek safe haven assets like gold.

In addition to the Fed-related factors, the market is also paying attention to the second-quarter business results of technology corporation Nvidia. As the world's largest company by market capitalization, Nvidia's results will have a strong impact on the overall sentiment of the financial market, and potentially indirectly affect the price of gold.

Investors will focus on U.S. personal income and spending reports today. The personal consumption expenditures (PCE) price index, the Fed's preferred inflation gauge, is expected to rise 2.6% year-on-year. The core PCE index, which strips out food and energy prices, is forecast to rise 2.9%. These numbers provide important clues about the Fed's interest rate path, and thus directly affect the movement of gold prices.