As of September 1st, in Vietnam time, the international gold price continues its upward trend. The precious metal is currently trading at $3,470 per ounce in the global market, marking an increase of approximately $25 compared to the previous week’s close. During the session, there were moments when the gold price surged to $3,486 per ounce, the highest level in over four months.
The gold price is inching closer to the historical peak of $3,500 per ounce reached back in April this year. The continuous depreciation of the US dollar, currently hovering around 97.6 points, is a contributing factor to the upward momentum of gold prices.
The relentless rise in global gold prices has a ripple effect on domestic gold rates. By the end of the day, major businesses quoted SJC gold bars at around VND 129.6 million per tael for buyers and VND 130.6 million per tael for sellers, maintaining stability from the morning session and marking the highest level in the official market. However, due to the ongoing holiday, business activities remain subdued, resulting in minimal fluctuations in gold prices.
Gold prices continue their upward trajectory towards the end of the day.
Contrarily, in the free market, small gold shops pushed the price of gold to a new peak, hovering around VND 132.5 million per tael for buyers and VND 133.5 million per tael for sellers, reflecting a VND 1 million increase per tael compared to the morning session. These levels represent the highest recorded rates for SJC gold bars in the market thus far.
Shocking Forecast for Global Gold Prices
According to the latest prediction by Bank of America, as reported by Kitco, global gold prices are projected to ascend further, potentially reaching $4,000 per ounce (approximately VND 127.8 million based on the current exchange rate) by the first half of 2026. This forecast highlights the anticipated impact of declining interest rates following the Federal Reserve’s rate cut, coupled with a weaker US dollar, on the upward trajectory of this precious metal.
In a report released last week, the American bank asserted that lower interest rates in an environment of persistent inflation could propel the price of this precious metal to even higher levels.
Several predictions from prominent international financial institutions also foresee gold prices touching the $3,500, $3,600, and even $4,000 per ounce marks.
At present, the global gold price, when converted using the current exchange rate, stands at approximately VND 111 million, lagging behind the SJC gold bar rate by nearly VND 20 million per tael.
Global gold prices surge.
Today, September 3rd: Global Gold Prices Hit Record Highs, Will Domestic Prices Follow Suit?
The global gold price has officially surpassed its previous peak in April, soaring above the $3,500 per ounce mark and setting a new record as investors flock to this precious metal amid growing expectations of a Fed rate cut.
“Decree 232: Safeguarding Public Interests, Marching Towards a Transparent Gold Market”
As of late August 2025, the domestic gold price witnessed a complex upward trajectory. By August 29, 2025, SJC gold bars had surged past VND 129 million per tael, while gold rings had also climbed above VND 123 million per tael.
Today: Domestic Gold Prices Continue to Surge Amid Global Decline
This morning, gold ring and SJC gold prices continued their upward trajectory, reaching new heights while global gold prices took a downturn.
The Golden Rush: Crowds Scramble to ‘Scoop Up’ Gold Amid Price Surge
This morning (August 27th), the domestic gold market witnessed a new record as the SJC gold bar price surpassed the 128 million VND per tael mark for the first time. Despite the high price, crowds of people lined up outside prominent gold shops in Ho Chi Minh City, eager to make their purchases.
The Golden Opportunity: Unveiling the Latest Proposition on Gold Bullion
“We propose the integration of QR code technology into the packaging and sealing of gold bars. This innovative approach will revolutionize the management and tracking of these valuable assets, offering unparalleled convenience and security. With a simple scan, authorized personnel will have instant access to crucial information, enhancing efficiency and transparency in the industry.”
