On the evening of September 4, the price of gold jumped to 139 million VND, experts said something surprising.

At the end of September 4, SJC gold bar prices were listed by large companies such as SJC, DOJI , PNJ at 132.4 million VND/tael for buying and 133.9 million VND/tael for selling, remaining at a high level compared to the morning. This is the highest price officially listed by the companies.

However, in the free market, the price of SJC gold bars continues to surprise. At the end of today, some small shops in Ho Chi Minh City announced the buying price of gold bars at 137.5 million VND/tael, selling at 139 million VND/tael, an increase of 2.5 million VND/tael compared to the end of the previous day.

The price of SJC gold bars on the free market is 5 million VND higher than that at large companies.

Meanwhile, the price of 99.99% gold rings and jewelry gold also remained high, at VND126.2 million/tael for buying and VND128.7 million/tael for selling, stable compared to the morning and the highest level ever.

Tối 4-9, giá vàng nhảy vọt lên 139 triệu đồng, chuyên gia nói điều bất ngờ- Ảnh 2.

Domestic gold prices recorded a contrasting trend compared to the world . While international gold prices fell sharply, the domestic market continued to increase. At the end of the day, the precious metal on the international market was trading at 3,547 USD/ounce, down about 35 USD/ounce compared to the highest price in the previous session.

Gold prices continue to increase shockingly

The shocking increase in the price of SJC gold bars on the free market surprised even experts. In a quick conversation with a reporter from Nguoi Lao Dong Newspaper on the evening of September 4, gold expert Tran Duy Phuong said that the price of SJC gold bars was pushed up by some gold shops to nearly 140 million VND/tael - a shocking and unbelievable increase.

"People and investors should stay calm, because there are risks when holding SJC gold bars at this time. Because currently, the price of SJC gold bars is 20 million to 25 million VND higher than the world price (on the free market). There is a high possibility that the market will have abundant supply in the coming time after the new decree on gold management towards eliminating the monopoly of gold bars takes effect from the beginning of October. The world gold price is in a peak cycle and will have a downward adjustment in the coming time" - Mr. Phuong analyzed.

In his latest forecast for world gold prices, Mr. Heng Koon How, Head of Market Strategy, UOB Singapore, said that strong buying power from China and market expectations that the US will cut interest rates by 0.5% in September; the weakening of the USD has fueled the latest rally in gold prices. At around 3,500 USD/ounce, gold has now reached UOB's year-end target.

“Our forecast for gold prices is that they could reach $3,600 per ounce for Q1 2026 and $3,700 per ounce for Q2 2026,” said Heng Koon How.

Currently, the world gold price converted according to the listed exchange rate is about 113.3 million VND/tael, lower than SJC gold bars by over 20 million VND/tael and lower than the gold price on the free market by 25 million VND/tael.