Gold price today October 4, 2025 dropped, SJC gold bars lost the 138 million VND/tael mark

Gold prices today, October 4, 2025, in the world fell after the US service sector report was released. SJC gold bar prices cooled down, falling below 138 million VND/tael.

World gold price today October 4, 2025

At 8:00 p.m. on October 3 (Vietnam time), the world spot gold price was at 3,876 USD/ounce. The December gold futures price reached 3,901 USD/ounce.

The US services sector continued to weaken last month as business activity slowed, costs rose and employment remained low, according to the latest data from the Institute for Supply Management (ISM).

The Services PMI fell to 50 in September, down from 52 in August. The figure was worse than forecast, with economists expecting a reading of 51.7.

"The ISM Services Business Survey Index fell into contraction territory in September, reaching 49.9%, down 5.1 percentage points from August's reading of 55%," said Steve Miller, chairman of the ISM Services Business Survey Committee. "This is the first time the index has been in contraction since May 2020."

The employment index remained in contraction territory for the fourth consecutive month and the fifth time in the past six months: 47.2%, up 0.7 percentage points from August's 46.5%.

Domestic gold prices decrease. Photo: Hoang Ha

October 3 marked the third day of the US government shutdown, with no end in sight. Democrats continued to stand firm against President Trump’s threats to lay off thousands of federal employees, as the two sides reached an impasse, raising the possibility of extended furloughs and a long-term disruption to US government services.

The Senate is unlikely to hold votes this weekend, almost certainly extending the government shutdown into next week, as both parties continue to blame each other for failing to reach a deal.

In other news, a large fire broke out after an explosion at a Chevron Corp. refinery in Los Angeles County. Firefighters responded to multiple reports of an explosion at the El Segundo facility, south of the Los Angeles airport.

The El Segundo refinery, built in 1911, supplies 20% of the motor fuel and 40% of the jet fuel consumed in Southern California.

Crude oil prices edged up in early US trading following the news, after falling to a four-month low of $60.40 a barrel on the Nymex on Thursday.

In other major markets, the dollar index edged down slightly. The yield on the 10-year US government bond is currently at 4.092%.

Domestic gold price today October 4, 2025

At the end of the trading session on October 3, the listed price of SJC gold bars was 135.8-137.8 million VND/tael (buy - sell), down 200,000 VND/tael in both buying and selling compared to yesterday's closing price.

The price of SJC 1-5 chi gold rings closed at 131.5-134.2 million VND/tael (buy - sell), down 300,000 VND/tael in both directions compared to yesterday's closing price.

Meanwhile, the price of 9999 gold rings at Doji remained unchanged compared to yesterday's closing price, trading at 132-135 million VND/tael (buy - sell).

Gold price forecast

Political instability in the US, typically the government shutdown, along with the risk of inflation remaining at a high level, is creating support for demand for gold as a safe haven.

Technically, gold's important short-term support level lies around the $3,850-$3,870/ounce range, while strong resistance is identified at $3,900-$3,920/ounce.

If the price breaks through this resistance level, the short-term uptrend could be reinforced, opening up the possibility of a move towards the $3,950/ounce mark. Conversely, if the support zone is broken, gold is at risk of a deep correction to the $3,820/ounce area.

Fawad Razaqzada, market analyst at City Index, said that gold prices still have the potential to hit $4,000 an ounce by the end of this year, but the outlook is not without risks.

Gold prices have risen more than 40% for the year and posted their strongest annual gain since 1979. Overbought signals are clearly emerging, but price action remains firmly bullish.

Technically, Razaqzada pointed out that gold's major support level is at $3,500/ounce, while minor support levels are at $3,700 and $3,600/ounce, respectively.

Source: https://vietnamnet.vn/gia-vang-hom-nay-4-10-2025-tut-giam-vang-mieng-sjc-mat-moc-138-trieu-dong-luong-2449021.html