The global gold market is showing a steady tone as of 7 August 2026. The world price stands at 4118.6 USD per ounce, unchanged from the previous day; over the past week it sits at 4122.7 USD/oz and over the last 30 days it is 4085.9 USD/oz, indicating mild upside momentum in the near term with a softer path over the longer horizon. In Vietnam, multiple outlets report a brisk rally in gold quotes in the last 24 hours, signaling renewed demand and a cautious risk tone among investors.
Domestic price levels for common gold alloys and jewelry are higher across the board. Gold 416 (10K) is quoted Buy 47.92 million VND/tael and Sell 57.82 million VND/tael, with the previous day Sell at 57.82 million, 7 days ago 59.49 million and 30 days ago 60.74 million. Gold 585 (14K) Buy 71.42 million, Sell 81.32 million, previous day sell 81.32 million, 7 days ago 83.66 million, 30 days ago 85.41 million. Gold 610 (14.6K) Buy 74.89 million, Sell 84.79 million, previous day 84.79 million, 7 days ago 87.23 million, 30 days ago 89.06 million. Gold 680 (16.3K) Buy 84.62 million, Sell 94.52 million, previous day 94.52 million, 7 days ago 97.24 million, 30 days ago 99.28 million. Gold 750 (18K) Buy 94.35 million, Sell 104.25 million, previous day 104.25 million, 7 days ago 107.25 million, 30 days ago 109.50 million. Gold jewelry 99% Buy 131.41 million, Sell 137.61 million, previous day 137.61 million, 7 days ago 141.57 million, 30 days ago 144.54 million. Gold jewelry 99.99% Buy 134.00 million, Sell 139.00 million, previous day 139.00 million, 7 days ago 143.00 million, 30 days ago 146.00 million. PNJ 999.9 plain ring Buy 136.20 million, Sell 140.20 million, previous day 140.20 million, 7 days ago 145.50 million, 30 days ago 148.20 million. SJC gold bars Buy 137.50 million, Sell 140.50 million, previous day 140.50 million, 7 days ago 146.00 million, 30 days ago 148.50 million.
Across the standard gold categories, the buy to sell spread is consistently around 9.90 million VND/tael, illustrating a uniform premium in the domestic market for standard karat gold. The premium for high purity jewelry is tighter: 99% jewelry shows a 6.20 million gap, 99.99% jewelry a 5.00 million gap, PNJ 999.9 plain ring a 4.00 million gap, and SJC bars a 3.00 million gap. This hierarchy reflects different demand and processing costs across product forms and purity levels.
News over the last 24 hours highlights a broad uptrend in both domestic and international gold prices on 7 August 2026. Local outlets report a strong rally with prices in the domestic market climbing across all major categories, while world prices also hit fresh levels. Analysts and outlets query how far the rally can extend given ongoing inflation concerns, geopolitical tensions, and shifting risk sentiment. The convergence of domestic gains with a firmer world price underscores the current scarcity premium and the allure of gold as a hedging instrument in the near term.
