Gold price today August 25: SJC increased to a record high, 127 million VND/tael

Saigon Jewelry Company - SJC increased the price of SJC gold bars by 300,000 VND per tael, buying to 125.9 million VND, selling to 126.9 million VND. Mi Hong Company increased the price of buying gold bars by 400,000 VND, up to 126.4 million VND, selling to 300,000 VND, up to 126.9 million VND. Phu Nhuan Jewelry Company (PNJ) increased each tael of gold by 300,000 VND, buying to 125.9 million VND, selling to 126.9 million VND... The difference between buying and selling prices of gold is from 500,000 to 1 million VND per tael.

Similarly, the price of gold rings also increased by 100,000 - 200,000 VND per tael, SJC Company bought for 118.8 million VND, sold for 121.4 million VND; PNJ Company bought for 118.5 million VND, sold for 121.5 million VND...

SJC gold bar price hits record high. PHOTO: NGOC THACH

World gold prices fell by $6 to $3,366 an ounce. Market expectations that the US Federal Reserve (Fed) will cut interest rates have boosted interest in gold. Fed Chairman Jerome Powell's highly anticipated speech at the Jackson Hole economic conference delivered the dovish tone the market was expecting, causing significant fluctuations in the currency and commodity markets. The market awaits the Fed's interest rate decision at its meeting in early September. In addition, the sharp decline in the USD price supported gold's rise.

This week, some economic information is released that affects the price of gold. Specifically, on Monday, the US announces new home sales; on Tuesday, durable goods orders, consumer confidence. On Thursday, the US announces preliminary Q2 GDP, weekly jobless claims, pending home sales. Finally, on Friday, the US PCE index, personal income and spending./.

According to Thanh Nien Newspaper

Source: https://thanhnien.vn/gia-vang-hom-nay-2582025-sjc-tang-len-muc-cao-ky-luc-127-trieu-dong-luong-185250825084601475.htm

Source: https://baolongan.vn/gia-vang-hom-nay-25-8-sjc-tang-len-muc-cao-ky-luc-127-trieu-dong-luong-a201304.html