At the end of September 1, gold prices skyrocketed, reaching a new peak.

At the end of September 1, Vietnam time, the price of gold on the international market has not stopped increasing. The precious metal on the international market is being traded at 3,470 USD/ounce, an increase of about 25 USD compared to the price at the end of last week. During the session, there was a time when the price of gold skyrocketed to 3,486 USD/ounce - the highest level in more than 4 months.

Gold prices are heading towards the historic peak of 3,500 USD/ounce set last April. The USD on the international market continues to weaken, falling deep to 97.6 points, which is a factor contributing to the increase in gold prices.

The continuous increase in world gold prices has also caused domestic gold prices to increase. At the end of the day, SJC gold bar prices were listed by large businesses at around VND129.6 million/tael for buying and VND130.6 million/tael for selling - stable compared to the morning and currently the highest mark on the official market. However, today businesses are on holiday so gold prices have not fluctuated much.

Cuối ngày 1-9, giá vàng tăng vọt, xuất hiện mốc đỉnh mới- Ảnh 2. — Gold prices continued to rise at the end of the day

Meanwhile, in the free market, some small gold shops pushed the gold price to a new peak, around 132.5 million VND/tael for buying, 133.5 million VND/tael for selling, an increase of 1 million VND/tael compared to the morning. This is also the highest price of SJC gold bars recorded on the market up to this point.

Shocking forecast about world gold price appears

Regarding the world gold price, the latest forecast from Bank of America - according to Kitco - shows that the gold price will continue to increase in the coming period and may reach 4,000 USD/ounce (equivalent to about 127.8 million VND converted according to the listed exchange rate at this time). The 4,000 USD/ounce mark is forecast for the gold price in the first half of 2026.

In a report published last week, the US bank said that lower interest rates following the US Federal Reserve (FED) rate cut and a weaker US dollar will support the precious metal's rise. The rate cut, amid continued high inflation, could push the price of the precious metal higher.

Some forecasts from other international financial organizations also suggest that gold prices could reach 3,500 USD/ounce, 3,600 USD/ounce...

Currently, the world gold price converted according to the listed exchange rate is about 111 million VND, nearly 20 million VND per tael lower than SJC gold bars.