Gold price this afternoon August 10: Domestic and world gold prices closed the week at a high level, should you buy gold now?

Gold priceDomestic this afternoon 10/8/2025

As of 4:00 p.m. this afternoon, August 10, 2025, the domestic gold bar price was at a record 124.4 million. Specifically:

DOJI Group listed the price of SJC gold bars at 123.2-124.4 million VND/tael (buy - sell), the price remained unchanged in both buying and selling directions compared to yesterday. The price increased by 1.7 million VND/tael in buying direction - increased by 900 thousand VND/tael in selling direction compared to the end of last week.

At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 123.2-124.4 million VND/tael (buy - sell), the price remained unchanged in both buying and selling directions compared to the closing price on August 9 yesterday. The price increased by 1.7 million VND/tael in buying direction - increased by 900 thousand VND/tael in selling direction compared to the end of last week.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 123.6-124.4 million VND/tael for buying and selling. Compared to yesterday, the gold price remained unchanged in both buying and selling directions. Compared to last week, the gold price increased by 1.6 million VND/tael for buying and 1.2 million VND/tael for selling.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 123.2-124.4 million VND/tael (buy - sell), the price increased by 600 thousand VND/tael in buying direction - increased by 400 thousand VND/tael in selling direction compared to the same period yesterday, the price increased by 1.7 million VND/tael in buying direction - increased by 900 thousand VND/tael in selling direction compared to the same period last week.

SJC gold price in Phu Quy is traded by businesses at 122.2-124.4 million VND/tael (buy - sell), gold price is unchanged in both buying and selling directions compared to yesterday. Gold price increased by 1.7 million VND/tael in buying direction - increased by 900 thousand VND/tael in selling direction compared to last week.

As of 4:00 p.m. on August 10, 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; the price increased by 500 thousand VND/tael in both buying and selling directions compared to the end of last week.

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 compared to yesterday. Increased 600 thousand VND/tael in both buying and selling compared to the same period last week.

Phu Quy listed the price of Phu Quy 9999 round gold rings at 117-120 million VND/tael (buy - sell); unchanged in both buying and selling directions compared to yesterday. Increased 800 thousand VND/tael in both buying and selling directions compared to the same period last week.

The latest gold price list this afternoon, August 10, 2025 is as follows:

World gold price this afternoon August 10, 2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 4:00 p.m. on August 10, Vietnam time, was 3,397.26 USD/ounce. The gold price this afternoon remained unchanged compared to yesterday but increased by 36.93 USD/ounce compared to the end of last week. Converted according to the USD exchange rate at Vietcombank (26,400 VND/USD), the world gold price is about 111.56 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 12.84 million VND/tael higher than the international gold price.

Sean Lusk, an expert at Walsh Trading, said that the rumor of the gold tax only heated up the market, while the possibility of a rate cut in September was already priced into the gold price. If the market was really worried about the 39% tax on Swiss gold, the price of gold on the COMEX floor would have increased much more. Therefore, he predicted that this information would be corrected.

Even without the new tax, however, the market is still volatile, with gold prices likely to spike or crash. "The volatility is too high right now. New highs tend to occur at night when trading volumes are very low," he explained.

Lusk said several factors could push gold prices in both directions. On the one hand, the US Bureau of Labor Statistics’ job cuts and the Fed’s policy easing trend would support gold prices. On the other hand, a stronger US dollar and easing geopolitical tensions could push gold prices lower.

Mr. Shaokai Fan, representative of the World Gold Council (WGC), shared about the trend of gold investment which is becoming more and more popular among individuals. Not only in Vietnam, the phenomenon of queuing to buy gold has also appeared in the US, China, India and the Middle East. This shows that the awareness of the importance of gold has changed positively in the past 5 years.

When asked about the risks of investing in gold, Mr. Fan noted that gold prices are currently at a high level. Investors should consider carefully before deciding to add more gold to their portfolio, especially when the capital invested is increasing. He advised people to consider all the investment channels available.

According to WGC experts, gold is increasingly asserting its position in the context of a volatile world. The past 5 years have witnessed a series of major events from the pandemic, the Russia-Ukraine conflict to global trade tensions. In all crises, gold has always maintained its role as a safe haven.

Regarding the gold price outlook, Mr. Fan said it is difficult to predict accurately, especially with the unpredictable policies of the US President Donald Trump administration. The US-China trade agreement and the interest rate decisions from the central bank will be key factors affecting the gold price in the coming time.

Notable economic events next week include the RBA interest rate decision, US CPI/PPI inflation reports, retail sales and consumer confidence figures, and a number of Fed officials speaking. These factors will continue to guide gold prices in a market that remains sensitive.

Gold price forecast, why shouldn't you buy gold at this time?

According to the latest survey from Kitco News, industry experts are optimistic about the gold price outlook, while individual investors also maintain their expectations for prices to rise in the coming period. The majority of 10 experts surveyed (60%) predict that gold prices will continue to rise. Only one (10%) believes that prices will decrease, and three (30%) expect prices to remain stable.

Jim Wyckoff, senior analyst at Kitco, expects gold prices to continue rising next week. "The uptrend is solidified with the chart still looking very positive." Michael Moor of Moor Analytics provides a more detailed technical analysis. He points out key levels across multiple time frames, suggesting that the gold price trend is still bullish, although there may be short-term corrections.

Forecasting gold prices next week, Adrian Day, Chairman of Adrian Day Asset Management, predicts that the sideways trend will continue. "After the strong increase in the past two weeks, gold prices are likely to decline slightly next week." Investors are advised to closely monitor important economic indicators to make appropriate decisions.

In just one week, the price of SJC gold bars has skyrocketed, far surpassing the record of VND124 million/tael set in April 2025. Many people predict that gold prices will continue to increase because world gold prices have not reached the old peak and domestic supply is still limited.

It is worth noting that while the SJC gold price broke the record, the world gold price is still hovering below the threshold of 3,400 USD/ounce. This shows that the domestic gold price is increasing hotter than the international market.

The main reason for the sharp increase in domestic gold prices is the scarcity of supply. People's preference for gold bars has further increased the price. Currently, the price difference between SJC gold bars and plain gold rings of the same purity is about 4 million VND.

In this situation, the State Bank has not yet announced any specific policies to increase the supply of gold to the market. However, if regulatory measures are issued in the near future, gold prices may cool down. Especially when the difference between SJC gold price and world price is currently nearly 13 million VND/tael.

With the world gold price at a high level, there is a high possibility of a downward adjustment in the near future. In the current context, investors can consider switching to buying gold rings to minimize the risk of price differences compared to the international market.

Quoc Duong