Gold price today August 19: Gold bar and gold ring prices hit new records, world gold is far behind

Domestic gold price today August 19, 2025

As of 4:00 a.m. today, August 19, 2025, the domestic gold bar price increased to a record high compared to yesterday. Specifically:

The price of SJC gold bars listed by DOJI Group is at 124-125 million VND/tael (buy - sell), an increase of 500 thousand VND/tael 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 124-125 million VND/tael (buy - sell), an increase of 500 thousand VND/tael in both buying and selling directions compared to the closing price on August 17 yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 124.5-125 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 500 thousand VND/tael for both buying and selling.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 124-125 million VND/tael (buy - sell), the price increased by 500 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 123-125 million VND/tael (buy - sell), gold price increased by 300 thousand VND/tael in buying direction - increased by 500 thousand VND/tael in selling direction compared to yesterday.

As of 4:00 a.m. on August 19, 2025, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 117-120 million VND/tael (buy - sell); the price increased by 500 thousand VND/tael in both buying and selling directions compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 117.2-120.2 million VND/tael (buy - sell); an increase of 400 thousand VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list today, August 19, 2025 is as follows:

World gold price today August 19, 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 19, Vietnam time, was 3,335.51 USD/ounce. Today's gold price decreased by 0.67 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,470 VND/USD), the world gold price is about 106.47 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 18.53 million VND/tael higher than the international gold price.

World gold prices fluctuated slightly, thanks to the decline in US Treasury bond yields. Investors are paying attention to the meeting between US President Donald Trump with the leaders of Ukraine and Europe, as well as the annual conference of the US Federal Reserve in Jackson Hole.

Specifically, spot gold prices fell 0.02%, after hitting their lowest level since August 1. December gold futures rose 0.2% to $3,388.80.

The highlight of the day was a meeting between Mr Trump and Ukrainian President Volodymyr Zelenskiy at the White House, which was attended by European leaders. The US is pushing for a quick peace deal to end Europe’s bloodiest conflict in 80 years. Mr Trump met Russian President Vladimir Putin on Friday, with the two sides agreeing to pursue peace without a ceasefire.

Gold prices have barely reacted to the Trump-Putin meeting, said Marex analyst Edward Meir. He expects prices to continue to fluctuate in the current range, with the next move depending on the Fed's move.

The Kansas City Federal Reserve's annual economic policy conference begins Thursday in Jackson Hole, Wyoming, where Fed Chairman Jerome Powell is expected to unveil a new policy framework. Powell's speech could signal the possibility of another rate cut in September. Fed officials have yet to agree on the timing of the rate cut.

The market is waiting for Powell's comments on interest rates. The market has already priced in a 25% cut, but there is still a small chance of a 50% cut. If that happens, gold prices could rise sharply. Gold tends to rise in a climate of low interest rates and increased uncertainty.

Despite China’s economy recording its weakest July this year, the People’s Bank of China (PBoC) has refrained from taking drastic measures such as cutting interest rates. The PBoC has affirmed that it will maintain a moderately accommodative monetary policy and focus on supporting key sectors.

According to Reuters, trade talks between the US and India scheduled for August 25-29 have been canceled. This has dampened hopes that the US will lift tariffs on Indian goods from August 27. Previously, President Trump increased tariffs by 25% on some Indian goods because the country continued to import crude oil from Russia.

Silver rose 0.2% to $38.07 an ounce, while platinum fell 0.5% to $1,328.40. Spot palladium rose 0.3% to $1,115.68 after falling to its lowest since July 10.

Gold Price Forecast

According to the latest survey from Kitco News, the majority of experts on Wall Street predict that gold prices will continue to move sideways in the near future. Meanwhile, the majority of individual investors remain optimistic that gold prices can increase.

Adrian Day of Adrian Day Asset Management said: 'The meeting between President Trump and President Putin could be volatile for gold in the short term. Gold is likely to maintain a slight upward momentum within its current range. The market has already priced in the Fed rate cut in September, so further monetary easing is needed for gold to break out.'

Colin Cieszynski of SIA Wealth Management expressed a neutral view: 'The two big events, the summit and Jackson Hole, could impact the US dollar, which in turn could impact gold prices. However, the market tends to be less volatile during this period.'

James Stanley from Forex.com is more optimistic: 'Gold is at solid support. Central banks are unlikely to signal tightening ahead of Jackson Hole. When faced with uncertainty, they tend to be dovish.'

Ole Hansen of Saxo Bank said the recent inflation data is not enough to stop the Fed from cutting interest rates. 'Gold prices fell slightly after the PPI report beat expectations, but the long-term outlook remains positive. The Fed will have to balance controlling inflation and supporting the economy.' He forecasts gold prices to fluctuate around $3,350 with a $200 range.

This week will focus on housing, manufacturing and especially Fed reports. Minutes from the July FOMC meeting will be released on Wednesday, along with speeches from Fed officials. The Jackson Hole conference begins on Thursday, with a keynote speech from Chairman Powell on Friday.

Marc Chandler from Bannockburn Global Forex commented: "Gold has bottomed out around $3,330. Trading in the $3,250-$3,400 range has many investors cautious. Geopolitical factors such as the Trump-Putin meeting could create volatility, but the impact may be slow."

According to the WGC, global gold demand in the second quarter of 2025 increased by 3% year-on-year to 1,248.8 tonnes. Investment in gold ETFs reached its highest level since early 2020, while jewelry consumption fell by 14% due to weak demand from China and India. Central banks bought a net 166.5 tonnes, down 21% year-on-year.

Gold prices have risen 26% since the beginning of the year, hitting a record of $3,500 in April. Persistent inflation and geopolitical uncertainty continue to support gold’s safe-haven status. Gold prices are forecast to rise another 10-15% in the second half of the year if risk factors persist.