Gold price today August 7, 2025: Domestic and world gold prices increased slightly despite the gloomy market

Gold priceDomestic today 8/7/2025

As of 9:30 a.m. today, August 7, 2025, the domestic gold bar price increased slightly in the buying direction. Specifically:

The price of SJC gold bars listed by DOJI Group is at 122.2-123.8 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 122.4-123.8 million VND/tael (buy - sell), the price increased by 200 thousand VND/tael in the buying direction - unchanged in the selling direction compared to the closing price on August 6 yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 123-123.8 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 400 thousand VND/tael for buying - unchanged for selling.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 122.4-123.8 million VND/tael (buy - sell), the price increased by 200 thousand VND/tael in the buying direction - unchanged in the selling direction compared to the same period yesterday.

SJC gold price at Phu Quy is traded by businesses at 121.2-123.8 million VND/tael (buy - sell), gold price remains unchanged in both buying and selling directions compared to yesterday.

As of 9:30 a.m. on August 7, 2025, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 117.5-120 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 117.8-120.8 million VND/tael (buy - sell); unchanged in both buying and selling directions compared to yesterday.

The latest gold price list today, August 7, 2025 is as follows:

World gold price today August 7, 2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 9:30 a.m. on August 7, Vietnam time, was 3,381.6 USD/ounce. Today's gold price increased by 6.71 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,400 VND/USD), the world gold price is about 111.06 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 12.74 million VND/tael higher than the international gold price.

World gold prices traded around $3,380/ounce as investors booked profits after prices hit a nearly two-week high in the previous session, while the market turned its attention to US President Donald Trump's upcoming Federal Reserve (Fed) personnel nominations.

Specifically, spot gold prices increased by 0.2%, while December gold futures prices increased slightly by 0.60 USD to 3,435.50 USD/ounce.

Gold prices rose for a third straight session on Friday, helped by weaker-than-expected U.S. jobs data. Now, the market is pricing in a more than 93% chance of the Fed cutting interest rates in September, up from 63% previously, according to CME FedWatch.

President Trump said he will announce new members of the Fed Board before the end of the week and is considering candidates to replace Chairman Jerome Powell, a move that could influence future monetary policy and, in turn, gold prices.

Gold still has solid price support despite some trade tariff reductions temporarily easing pressure on equities and other risk assets, and the ETF and precious metals futures markets being quiet, according to Rhona O'Connell, Head of Market Analysis for EMEA & Asia at StoneX.

In the latest report, gold prices had a slight increase last week but have remained in the $3,200-$3,450/ounce range since April 23 and have been hovering around $3,300-$3,400 since late June. "Previously, the failure of gold prices to break above $3,440 on July 22 and 23, along with easing trade tensions, caused prices to gradually decline until the Nonfarm Payroll employment data was released last Friday," she explained.

The monsoon season in India has started well, promising a bumper harvest. With 60% of India’s population dependent on agriculture and farmers tending to hold gold as a major investment, this suggests that demand for gold could pick up after the harvest (September) and ahead of the year-end festival season.

According to data from the World Gold Council (WGC) as of July 28, inflows into gold ETFs were almost flat, mainly due to reduced buying rather than strong selling. As of the end of June, net inflows into ETFs were 994 tons, but in the four weeks following that only increased by 24 tons, bringing the total to 3,639 tons. Bloomberg data later showed a net increase of just 1 ton.

Besides gold, spot silver rose 0.1% to $37.88 an ounce. Platinum also rose 0.9% to $1,332.26, while palladium fell sharply by 2.7% to $1,143.52.

Gold Price Forecast

American multinational financial group Citigroup has just adjusted its gold price forecast for the next 3 months to $3,500/ounce, compared to $3,300/ounce given in June 2025. The expected price range has also been raised, from $3,100 - $3,500/ounce to $3,300 - $3,600/ounce.

The US asset management company WisdomTree believes that there are five major economic factors that could push gold prices to new record levels. Notably, if the Trump administration really pursues a policy of devaluing the USD, the price of $5,355/ounce by the end of June 2026 (up 58.6% compared to the present) is considered a fairly conservative forecast.

According to the World Gold Council (WGC), central banks bought a net 22 tonnes of gold in June, bringing the total purchases in the first half of the year to 123 tonnes.

Gold demand has increased slightly for three consecutive months, but is still lower than the same period in 2024, said Krishan Gopaul, senior analyst for EMEA at the WGC.

Recently, the price of gold has fluctuated strongly with sudden increases and decreases. However, it can be seen that gold has established a new higher price range. If the price previously fluctuated around 3,300 - 3,350 USD/ounce, it has now moved up to the range of 3,350 - 3,400 USD/ounce.

Every time the gold price drops to $3,350/ounce, buying demand increases sharply, showing that this has become a new support level for more than a week.

Amid rising trade and geopolitical tensions, gold has more supportive factors and could reach $3,400/ounce as many recent forecasts have suggested.

In the long term, gold prices could be supported by the bearish trend of the US dollar. The greenback has fallen sharply since the beginning of the year due to expectations of US interest rate cuts and loose monetary policy under Mr. Trump.

Many experts predict that gold prices will exceed $3,400/ounce in September when the Fed begins to cut interest rates, and could increase further if the US central bank continues to loosen monetary policy.