Gold price this afternoon August 20, 2025: Domestic gold price plummets, world price increases slightly

Update gold price this afternoon August 20, 2025 latest in domestic market

Updated to the afternoon of August 20, 2025, the gold price market today, August 20, 2025, recorded a clear downward trend. The price of gold bars of major brands simultaneously adjusted down.

SJC and DOJI gold prices lose record peaks

The price of SJC gold bars in Hanoi is listed at 123.8 million VND/tael (buy) and 124.8 million VND/tael (sell). Compared to the beginning of the day, the buy price has decreased by 200 thousand VND/tael and the sell price has also decreased by 200 thousand VND/tael.

DOJI Group and PNJ are not out of the general trend. Both brands listed gold prices at 123.8 million VND/tael (buy) and 124.8 million VND/tael (sell). This price decreased by 200 thousand VND/tael in both buying and selling directions, similar to SJC.

Gold prices at other brands decreased slightly

At Mi Hong, the latest gold price this afternoon, August 20, 2025, has a slight difference. The buying price was adjusted down by 300 thousand VND/tael, down to 124.2 million VND/tael. Meanwhile, the selling price decreased by 200 thousand VND/tael, down to 124.8 million VND/tael.

For Vietinbank Gold, the selling price was adjusted down by VND200,000/tael, down to VND124.8 million/tael.

Bao Tin Minh Chau listed the price of gold bars at 123.8 million VND/tael (buy) and 124.8 million VND/tael (sell), down 200,000 VND/tael in both directions.

Meanwhile, Phu Quy recorded a lower buying price, at 122.8 million VND/tael (down 200,000 VND/tael), while the selling price remained at 124.8 million VND/tael (down 200,000 VND/tael).

The price of 9999 plain gold rings today, August 20, 2025, increased slightly by 200,000 VND/tael

At 4:00 p.m. on August 20, 2025, the price of DOJI's 9999 Hung Thinh Vuong round gold ring was listed at VND 117.0 million/tael (buy) and VND 120.0 million/tael (sell), unchanged in the buy direction and increased by VND 200,000/tael in the sell direction compared to the previous day, with a buy-sell difference of VND 3 million/tael.

Plain gold ring price today August 20, 2025 is stable at Phu Quy and Bao Tin Minh Chau

Bao Tin Minh Chau kept the price of gold rings at 117.2 million VND/tael (buy) and 120.2 million VND/tael (sell), unchanged in both directions compared to early this morning, with a difference of 3 million VND/tael.

Phu Quy Group also listed the price of gold rings at 116.7 million VND/tael (buy) and 119.7 million VND/tael (sell), down 200,000 VND/tael in both directions compared to yesterday, with a buy-sell difference of 3 million VND/tael.

Detailed domestic gold price list this afternoon August 20, 2025

Update world gold price this afternoon 8/20/2025 latest

World gold price, at 4:00 p.m. on August 20, 2025 (Vietnam time), the world spot gold price was at 3,322.1 USD/ounce. Today's gold price increased by 8.1 USD compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,520 VND/USD), the world gold price is about 110.41 million VND/tael (excluding taxes and fees). Compared to the domestic SJC gold bar price on the same day (123.8-124.8 million VND/tael), the current SJC gold price is about 14.39 million higher than the international gold price.

On the afternoon of August 20, 2025, the world gold price tended to increase slightly but was still at its lowest level in the past three weeks. This change came in the context of the US dollar strengthening and investors waiting for an important economic event taking place this weekend.

Spot gold rose 0.2% to $3,321.83 an ounce, after falling to its lowest since Aug. 1. U.S. gold futures also rose 0.2% to $3,364.30.

One of the main reasons for the pressure on gold prices this afternoon, August 20, 2025, is the strengthening of the US dollar. When the dollar increases in value, gold becomes more expensive for those using other currencies, reducing demand. In addition, recent positive developments in geopolitics have also reduced fear, causing investors to turn less to gold as a safe asset.

The focus of the market is on Friday's Federal Reserve meeting in Jackson Hole, where Fed Chairman Jerome Powell will speak. Investors are eagerly awaiting clues on the Fed's next monetary policy. Some experts believe the Fed could start cutting interest rates in September. Lower interest rates are generally good for gold, as they reduce the opportunity cost of holding non-yielding gold.

Besides gold, other precious metals also had their own fluctuations. Spot silver prices fell 0.5% to $37.20 an ounce. Meanwhile, platinum rose 0.6% to $1,314.25, while palladium fell 0.6% to $1,108.25.