Gold price today August 23, 2025: Gold bar and gold ring prices increased by more than a million VND. set a new record

Update on today's gold price increased sharply, setting a record of more than 126 million VND/tael

The domestic gold market recorded an exciting trading session when the price of SJC gold and many other brands continued to increase strongly. This is remarkable news for investors and people, reflecting the positive fluctuations of the precious metal. The simultaneous increase in both buying and selling prices shows that the optimistic sentiment is dominating the market.

SJC and DOJI gold prices hit new records

Updated gold price today August 23, 2025, Saigon Jewelry Company (SJC) listed a sharp increase in gold bar prices. Specifically, in Hanoi , the buying and selling prices both increased by VND 1,200,000/tael, to VND 125.6 million/tael (buy) and VND 126.6 million/tael (sell).

Similarly, DOJI Gold and Gemstone Group also recorded an impressive increase. DOJI gold prices in all regions increased by VND1,200,000/tael. Currently, DOJI gold bar prices are listed at VND125.6 million/tael (buy) and VND126.6 million/tael (sell).

Gold prices at other brands surge to new records

At Mi Hong, gold prices also adjusted according to the general market trend. The buying price increased by VND 1,100,000/tael, reaching VND 126.0 million/tael. Meanwhile, the selling price increased by VND 1,200,000/tael, listed at VND 125.6 million/tael.

Phu Nhuan Jewelry Company (PNJ) is also not out of the general trend, when the price of gold bars increased by 1,200,000 VND/tael in both buying and selling directions. PNJ gold price is currently at 125.6 million VND/tael (buy) and 126.6 million VND/tael (sell).

Vietinbank Gold also recorded a strong increase in selling price, up to 126.6 million VND/tael, with an increase of 1,200,000 VND/tael.

Bao Tin Minh Chau also adjusted the price up by VND 1,200,000/tael for both buying and selling, bringing the gold price to VND 125.6 million/tael (buying) and VND 126.6 million/tael (selling).

Finally, at Phu Quy, the buying price of gold increased by VND1,200,000/tael to VND124.6 million/tael. The selling price also increased by VND1,200,000/tael to VND126.6 million/tael.

The price of 9999 plain gold rings today, August 23, 2025, increased sharply

At 9:30 a.m. on August 23, 2025, the price of DOJI's 9999 Hung Thinh Vuong round gold ring was listed at VND 118.8 million/tael (buy) and VND 121.8 million/tael (sell), an increase of VND 1.4 million/tael in both buying and selling directions compared to the previous day, with a buying - selling difference of VND 3 million/tael.

Plain gold ring price today 8/23/2025 increased sharply

Bao Tin Minh Chau kept the price of gold rings at 118.7 million VND/tael (buy) and 121.7 million VND/tael (sell), an increase of 1.1 million VND/tael 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 118.2 million VND/tael (buy) and 121.2 million VND/tael (sell), an increase of 1 million VND/tael in both directions compared to yesterday, with a difference of 3 million VND/tael between buying and selling.

Gold price list today 8/23/2025 in Vietnam in detail

Update world gold price today 8/23/2025 latest

World gold price, at 3:30 p.m. on August 23, 2025 (Vietnam time), the world spot gold price was at 3,370.3 USD/ounce. Today's gold price increased by 33 USD compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,520 VND/USD), the world gold price is about 112.06 million VND/tael (excluding taxes and fees). Compared to the domestic SJC gold bar price on the same day (125.6-126.6 million VND/tael), the SJC gold price is currently about 14.54 million higher than the international gold price.

Gold prices today, August 23, 2025, on the world market have increased again, thanks to new expectations that the US Federal Reserve (Fed) may cut interest rates in September. These signals come from the speech of Fed Chairman Jerome Powell at the Jackson Hole conference.

Mr. Powell said that the Fed is considering adjusting policy due to changes in the economic situation, especially risks related to the labor market. However, he also emphasized that inflationary pressures still need to be carefully monitored. Following these statements, the price of spot gold on the world market increased by 1.1% to $ 3,373.89 / ounce, while the price of gold futures in the US also increased similarly, to $ 3,418.50 / ounce.

Another factor that helped gold rise today was the US dollar, which fell about 1%. When the dollar weakens, gold becomes cheaper for holders of other currencies, which stimulates demand for the metal. According to Tai Wong, an independent metals trader, Mr. Powell's speech has made the market more optimistic, opening up the possibility of the Fed cutting interest rates in September.

This will not only boost the price of gold but also increase the value of many other assets. Mr. Wong also said that if the price of gold can surpass and maintain the $ 3,400 / ounce mark in the next few days, this will be a positive sign for the upward trend of gold.

The reason gold is often favored when interest rates are low is because it does not yield the same as other assets, such as bonds or stocks. When interest rates fall, gold becomes a more attractive option for investors. According to the CME FedWatch tool, investors now see an 85% chance that the Fed will cut rates by 0.25% in September, up from 75% before Powell's speech. However, upcoming jobs and inflation data ahead of the Fed's September 16-17 meeting will play a key role in the final decision.

Meanwhile, the physical gold market in Asia is currently quite quiet due to strong fluctuations in gold prices, making buyers cautious. However, in India, gold shops have started buying in preparation for the upcoming important festival season.

Meanwhile, in the US, President Donald Trump has made headlines by announcing that he will replace a member of the Fed if he does not resign, sparking controversy over his influence over the central bank. These factors all contribute to a complex but promising picture for gold prices today on the world market.

News, gold price trends today August 23, 2025

The speech of the Chairman of the US Federal Reserve (FED) Jerome Powell at the Jackson Hole Conference in Wyoming has become the center of attention, strongly affecting the global financial market. After the speech, the price of gold skyrocketed when Mr. Powell opened up the possibility of cutting interest rates next month.

Mr. Powell said that although economic risks are balanced, US monetary policy may need to be adjusted. He said that inflation risks are tilted to the upside, while employment risks are tilted to the downside. This was interpreted by the market as a dovish signal, supporting future monetary policy easing. As a result, gold prices rose sharply, while global stock markets also tended to improve.

In Europe, the European Central Bank (ECB) is likely to keep interest rates on hold in September. ECB officials believe growth and inflation are still moving in line with forecasts, and price pressures will ease in the coming years.

China's stock market had a strong week, with the Shanghai Composite hitting a decade high, fueled by strong capital inflows and active trading by retail investors.

According to experts, gold prices are being affected by many factors. On the one hand, the possibility of peace between Russia and Ukraine could reduce the demand for safe havens, which has been an important factor pushing gold prices up in recent times. On the other hand, the increase in the value of the US dollar puts downward pressure on this precious metal.

However, if Mr. Powell delivers a more dovish message, the USD could weaken, creating conditions for gold prices to recover. Technically, the buyers are still in control and the next target is to break through the important resistance level of $ 3,500 / ounce.

In addition, some other important markets also fluctuated. The USD index increased slightly, crude oil prices traded around 63.75 USD/barrel and the yield on 10-year US Treasury bonds was at 4.337%. These developments show that the global economic picture is in a complex phase with many intertwined factors.