Gold price today August 10: Market shaken by news of Swiss gold tax

(Baohatinh.vn) - Gold price today, August 10, is at a high of 124.4 million VND/tael; Bao Tin Minh Chau increased sharply. World gold price is around 3,399.6 USD/ounce, a difference of 15.84 million.

Domestic gold bar price today

Domestic gold bar prices today are anchored at a high level. Gold bars of SJC, DOJI , PNJ brands are listed at 123.2 - 124.4 million VND/tael (buy - sell), unchanged compared to yesterday's trading session.

Bao Tin Minh Chau gold bars alone increased, at 123.2 million VND/tael for buying (up 600,000 VND/tael) and selling at 124.4 million VND/tael (up 400,000 VND/tael).

Phu Quy SJC bought 1 million VND/tael lower at 122.2 million VND/tael and sold 124.4 million VND/tael, stable in both directions.

Gold bar price updated at 5am August 10:

Yellow	Area	Early morning of August 9				Early morning of August 10			Difference
		Buy	Sell ​​out			Buy	Sell ​​out		Buy	Sell ​​out
		Unit of measurement: Million VND/tael							Unit of measurement: Thousand dong/tael
DOJI	Hanoi	123.2		124.4		123.2		124.4	-	-
	Ho Chi Minh City	123.2		124.4		123.2		124.4	-	-
SJC	Ho Chi Minh City	123.2		124.4		123.2		124.4	-	-
	Hanoi	123.2		124.4		123.2		124.4	-	-
	Da Nang	123.2		124.4		123.2		124.4	-	-
PNJ	Ho Chi Minh City	123.2		124.4		123.2		124.4	-	-
	Hanoi	123.2		124.4	123.2			124.4	-	-
Bao Tin Minh Chau	Nationwide	122.6		124	123.2			124.4	+600	+400
Phu Quy SJC	Nationwide	122.2		124.4	122.2			124.4	-	-

In the same direction as gold bars, the price of gold rings today also went sideways compared to yesterday.

Specifically, SJC bought gold rings at 117.3 million VND/tael and sold at 119.8 million VND/tael, stable in both directions.

DOJI traded gold rings at 117.5 - 120 million VND/tael, stable in both directions compared to yesterday morning.

Bao Tin Minh Chau gold rings are currently trading at 117.8 - 120.8 million VND/tael (buy - sell), stable in both directions compared to yesterday morning.

PNJ buys gold rings at 117.5 million VND/tael and sells at 120 million VND/tael, unchanged from yesterday morning.

Phu Quy also kept the price of gold rings at 117 - 120 million VND/tael compared to yesterday morning.

World gold price today

World gold prices increased today, with spot gold prices at 3,399.6 USD/ounce. World gold prices generally increased by 0.08% in the past 24 hours, equivalent to an increase of 2.7 USD/ounce.

With the domestic gold bar price anchored at a high level and the world gold price listed at Kitco at 3,399.6 USD/ounce (equivalent to about 108.56 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees), the difference between the domestic and world gold prices is about 15.84 million VND/tael.

Although there were not many important economic data released last week, the precious metals market still witnessed strong fluctuations.

On Thursday afternoon, the Financial Times reported that a letter from US Customs and Border Protection to a Swiss gold refiner dated July 31 stated that 1kg and 100-ounce gold bars would be subject to high import tariffs. According to the report, the new US tariffs on gold bars from Switzerland could be as high as 39% – among the highest under the Trump administration.

The global precious metals market was shaken immediately after. Gold futures on the Comex floor hit a new record high of $3,534.10 an ounce around 6 p.m. (US time), while spot gold prices surpassed $3,400 an ounce. Analysts warned that if the tax decision becomes a reality, the structure of the world gold market will change profoundly.

By Friday afternoon, a Trump administration spokesman told reporters that the gold tariff information was “misleading” and that a policy clarification would soon be issued: Imports of gold bullion would not be taxed.

Despite the denial of the tariff news, gold prices only dipped slightly before quickly recovering, holding almost all of the week's gains.

This development shows that gold buying power remains strong, partly reflecting investors' psychology of seeking safe havens in the context of global economic instability.

Source: https://baohatinh.vn/gia-vang-hom-nay-108-thi-truong-chao-dao-vi-tin-ap-thue-vang-thuy-si-post293420.html