SJC gold bar price
As of 6:00 a.m. on September 3, the price of SJC gold bars was listed by DOJI Group at 129.1-130.6 million VND/tael (buy in - sell out). The difference between buying and selling prices is at 1.5 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 128.6-130.6 million VND/tael (buy in - sell out). The difference between buying and selling prices is at 2 million VND/tael.
Phu Quy Jewelry Group listed the price of SJC gold bars at 128.1-130.6 million VND/tael (buy in - sell out). The difference between buying and selling prices is at 2.5 million VND/tael.
9999 gold ring price
As of 6:00 a.m. on September 3, DOJI Group listed the price of gold rings at VND124.5-127.5 million/tael (buy in - sell out), an increase of VND2 million/tael in both directions. The difference between buying and selling is 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 124.7-127.7 million VND/tael (buy - sell), an increase of 1.9 million VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.
Phu Quy Gold and Stone Group listed the price of gold rings at 124.3-127.3 million VND/tael (buy - sell), an increase of 1.8 million VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.
Currently, the difference between buying and selling gold rings is at a very high level, around 3 million VND/tael, posing a potential risk of loss for investors.
World gold price
The world gold price was listed at 11:05 p.m. on September 2 at 3,518 USD/ounce, up shockingly by 42.7 USD.
Gold price forecast
World gold prices broke an all-time high as growing expectations of the US Federal Reserve (FED) cutting interest rates this month boosted demand for precious metals.
The gold rally will be strongly affected by whether the Feds rate cut roadmap is in line with market expectations, Han Tan, chief analyst at Nemo.money, said.
He added: Gold still has enough support from fundamental factors, from central bank purchases to safe-haven demand especially if trade tariffs cause significant damage to global economic growth next year.
According to CME's FedWatch tool, investors are pricing in a 90% chance of a 25 basis point rate cut on September 17. Gold, which does not yield, often has positive developments in a low interest rate environment.
On September 11, the US will release an August inflation report with important data for investors to predict monetary policy orientation. This report will be the mental guideline for the Feds decision at its policy meeting a week later.
If inflation continues to cool down, the possibility of the FED cutting interest rates will increase, thereby supporting gold prices to maintain attraction. Conversely, if inflation shows signs of increasing again, the scenario of lowering interest rates may narrow, dragging gold prices down.
Gold has long been considered a reliable protective channel against economic and geopolitical fluctuations. In 2025, gold has repeatedly set records, thanks to the buying power of central banks in a downward trend dependent on the US dollar, increased demand for shelter due to trade and geopolitical instability, along with the general weakness of the greenback.
Spot gold prices have risen 27% in 2024 and surpassed $3,000/ounce for the first time in March this year, as US President Donald Trump's trade policies raised concerns, dragging investors to safe-haven assets. Meanwhile, Mr. Trump has repeatedly criticized the Fed and Chairman Jerome Powell for not cutting interest rates.
Investors are now waiting for the US non-farm payrolls report due on Friday to assess the scale of the upcoming rate cut.
"All indicators - both fundamental and technical - have shown a sustained increase. Although it is certainly not going up in a straight line, the market is still in a state of "buy when adjusted"... Gold is still an asset that is not correlated with stocks, real estate and credit".
Note: Gold price data is compared to a day earlier.
See more news related to gold prices HERE...
