At the end of September 3, stores pushed the price of SJC gold bars to a shocking increase.

(NLDO) - On the evening of September 3, the domestic gold market saw the price of SJC gold bars reaching up to 136.5 million VND/tael at many stores in Ho Chi Minh City.

At the end of September 3, SJC gold bar prices were listed by large enterprises such as SJC, DOJI , and PNJ at 131.9 million VND/tael for buying and 133.4 million VND/tael for selling - stable compared to the morning and up nearly 3 million VND per tael compared to the previous day.

At the same time, some small gold shops pushed the price of SJC gold up to 135.5 million VND/tael for buying and 136.5 million VND/tael for selling - an increase of 1.5 million VND compared to the morning. In just 1 day, each tael of gold bar was pushed up by 2.6 million VND/tael by the shops.

This is the highest price of SJC gold bars recorded to date - surprising even the most optimistic people. Because previously, the price of SJC gold bars was predicted to reach the 130 million VND/tael mark this year. However, just at the beginning of September, the market recorded the price of SJC gold bars exceeding 136 million VND/tael.

The price of SJC gold bars and gold rings are both at historical peaks.

Since the beginning of the year, holders of SJC gold bars have made a profit of over 50 million VND/tael.

Meanwhile, the price of 99.99% gold rings and jewelry gold is listed at 125.5 million VND/tael for buying and 128 million VND/tael for selling - an increase of 3 million VND/tael compared to yesterday.

SJC gold bar price skyrocketed following world price

The domestic gold market continued to increase in shock following the world gold price jump. By the end of September 3 - Vietnam time, the world gold price continued to jump to 3,549 USD/ounce, an increase of more than 10 USD compared to the morning. In just 1 session, each ounce of gold increased by about 70 USD, equivalent to about 2.3 million VND.

However, the domestic gold price increase is still stronger than the world price, causing the gap to widen. Currently, the world gold price converted according to the listed exchange rate at commercial banks is about 113.4 million VND, lower than SJC gold bars by about 20 million VND/tael.

Some international financial institutions predict that world gold prices may continue to increase in the short term, reaching 3,675 USD/ounce in the fourth quarter of 2025 (according to JP Morgan) or 3,700 USD/ounce (according to Goldman Sachs).

However, Dr. Nguyen Tuan Anh, a finance lecturer at RMIT University Vietnam, said that gold prices could adjust if the US Federal Reserve (FED) cuts interest rates slowly or geopolitical tensions ease. In the long term, gold prices are forecast to reach $4,000/ounce by 2026.

SJC gold bar prices have skyrocketed in the past few days.

World gold prices are at their highest level ever.

Source: https://nld.com.vn/cuoi-ngay-3-9-cac-cua-hang-day-gia-vang-mieng-sjc-tang-soc-196250903190742747.htm