Updated gold price at the end of session 28.9: Losses when surfing

Khương Duy |

Updated gold price at the end of the session on September 28: Although domestic gold prices increased sharply last week, the difference was too high, causing investors to suffer losses.

SJC gold bar price

At the end of the trading session of the week, Saigon Jewelry Company SJC listed the price of SJC gold at 133-135 million VND/tael (buy - sell).

Compared to the closing price of the previous trading session (September 21, 2025), the price of SJC gold bars at Saigon Jewelry Company SJC increased by 2 million VND/tael in both directions. The difference between the buying and selling prices of SJC gold at Saigon Jewelry Company SJC is at 2 million VND/tael.

Dien bien gia vang mieng SJC nhung phien gan day. Bieu do: Phan Anh
SJC gold bar price movements in recent sessions. Chart: Phan Anh

Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 133-135 million VND/tael (buy in - sell out).

Compared to a week ago, the price of SJC gold bars was increased by 2 million VND/tael by Bao Tin Minh Chau in both directions. The difference between the buying and selling prices of SJC gold at Bao Tin Minh Chau is at 2 million VND/tael.

If buying SJC gold at Saigon Jewelry Company SJC and Bao Tin Minh Chau on September 21 and selling it today (September 28), buyers will break even.

9999 gold ring price

Bao Tin Minh Chau listed the price of gold rings at 129.1-132.1 million VND/tael (buy - sell); increased by 1.9 million VND/tael in both directions. The difference between buying and selling is at 3 million VND/tael.

Dien bien gia vang nhan nhung phien gan day. Bieu do: Phan Anh
Gold ring price developments in recent sessions. Chart: Phan Anh

Phu Quy Gold and Stone Group listed the price of gold rings at 128.8-131.8 million VND/tael (buy - sell), an increase of 2 million VND/tael in both directions compared to a week ago. The difference between buying and selling is 3 million VND/tael.

If buying gold rings in the session of September 21 and selling in today's session (September 28), buyers at Bao Tin Minh Chau and Phu Quy will both lose 1 million VND/tael.

World gold price

At the end of the trading session of the week, the world gold price was listed at 3,758.7 USD/ounce, up 74.7 USD compared to a week ago.

Dien bien gia vang the gioi nhung phien gan day. Bieu do: Phan Anh
World gold price developments in recent sessions. Chart: Phan Anh

Gold price forecast

The gold survey with Wall Street experts shows unprecedented optimism, after gold prices continued to increase despite many obstacles. While retail investors are also slightly optimistic about the short-term outlook for the precious metal.

This week, 19 experts participated in the survey. Wall Street is particularly confident: 16 experts, equivalent to 84%, predict gold prices will continue to increase next week, no one predicts prices to decrease. The remaining three, or 16%, see prices moving sideways.

Chuyen gia va nha dau tu du bao tich cuc ve gia vang tuan toi. Bieu do: Khuong Duy
Experts and investors have a positive outlook for gold prices next week. Chart: Khuong Duy

Meanwhile, the online poll received 265 votes from individual investors. Although optimism has also increased, the level is still far from the professional level: 166 people, equivalent to 63%, predict that gold prices will continue to increase next week; 56 people (21%) predict prices will decrease; and 43 people (16%) believe that prices will stabilize around the current level.

Barbara Lambrecht - commodity analyst at Commerzbank - commented that the market may need a new "fire" to push prices above $3,800, for example, a US jobs report disappointed for the third consecutive time. However, she predicted that the US labor market may improve slightly.

Although optimism is dominant, some experts advise investors to be cautious at the current price.

David Morrison - senior analyst at Trade Nation - warned: "The yesterday MacD index is still too much to buy. Gold may need to adjust deeper or move sideways for a while to accumulate more momentum before reaching a new peak. However, I believe gold will soon hit a new record before creating a long-term peak.

"I am optimistic about gold next week because the metal is still in a long-term uptrend against all currencies," said Mr. Colin Cieszynski, chief strategist at SIA Wealth Management.

Mr. Darin Newsom - senior market analyst at Barchart.com commented: "Gold prices will increase next week. Why? The increase is currently very strong, I do not recommend selling fake or fighting the trend".

Sharing the same view, Mr. Rich Checkan - Chairman and COO of Asset Strategies International said: "Although there are opinions that gold is being overbought, the trend is still in favor of the increase next week. Central banks have not stopped hoarding gold. In addition, the falling gold/ silwer ratio (GSR) shows that individual investors are starting to get involved: they often buy both gold and silver. Silver has accelerated - a sign that small-scale cash flow is returning to the market.

Economic data to watch next week

Monday: Waiting for signing a house contract (USA).

Tuesday: JOLTS job positions (USA), Consumer confidence index (USA).

Wednesday: ADP Private sector Employment Report (US), ISM Manufacturing PMI.

Thursday: Application for weekly unemployment benefits (US).

Friday: US Non-farm Payrolls, ISM Services PMI.

See more news related to gold prices HERE...

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