Gold price today (September 4): Domestic and world gold prices increase to record levels

Domestic gold bar price today (September 4)

DOJI , SJC, PNJ, Bao Tin Minh Chau brands are all available. Gold bar price skyrocketed by 2.8 million VND/tael, trading at 131.9 million VND/tael for buying and 133.4 million VND/tael for selling.

Particularly, Phu Quy SJC brand has the highest increase in buying price, 100,000 VND/tael higher than other brands. Specifically, it increased by 2.9 million VND/tael in buying price and increased by 2.8 million VND/tael in selling price.

Domestic gold bar price updated at 5am September 4 as follows:

Yellow	Early morning of September 3				Early morning of September 4			Difference
	Buy	Sell out			Buy	Sell out		Buy	Sell out
	Unit of measurement: Million VND/tael							Unit of measurement: Thousand dong/tael
DOJI	129.1		130.6		131.9		133.4	+2800	+2800
SJC	129.1		130.6		131.9		133.4	+2800	+2800
PNJ	129.1		130.6		131.9		133.4	+2800	+2800
Bao Tin Minh Chau	129.1		130.6	131.9			133.4	+2800	+2800
Phu Quy SJC	128.1		130.6	131			133.4	+2900	+2800

Domestic gold ring price today (September 4)

Gold ring price Today, both buying and selling prices increased rapidly, the highest increase was 3 million VND/tael, the highest listed price was 129 million VND/tael for sale.

Specifically, SJC listed the price of gold rings at 125.5 - 128 million VND/tael (buy - sell), an increase of 3 million VND/tael compared to yesterday in both directions.

Gold ring prices today (September 4) increased rapidly. Illustration photo: mekongasean vn

PNJ gold rings are traded at 125.8 million VND/tael for buying and 128.8 million VND/tael for selling (up 1.3 million VND/tael compared to yesterday in both directions).

DOJI ring gold is traded at 125.8 million VND/tael for buying (up 1 million VND/tael compared to yesterday) and 128.8 million VND/tael for selling (up 1.3 million VND/tael compared to yesterday).

Bao Tin Minh Chau brand gold rings are listed at 126 - 129 million VND/tael (buy - sell), an increase of 1.3 million VND/tael compared to yesterday's price in both directions.

Phu Quy brand listed the price of gold rings at 125.5 - 128.5 million VND/tael (buy - sell), an increase of 1.2 million VND/tael compared to yesterday's price in both directions.

World gold price today

In the world gold market, the spot gold price today increased sharply compared to yesterday morning, an increase of about 27.7 USD/ounce, listed around 3,561.6 USD/ounce (equivalent to 114.2 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees).

World gold prices generally increased by 0.04% in the past 24 hours and by 5.55% in the past 30 days.

Currently, world gold price is about 17.7 million VND/tael lower than domestic gold price.

The gold market is holding its trading level around $3,550/ounce, and according to some analysts, the precious metal is still well supported in the context of the US labor market losing momentum, with the number of jobs falling more than expected.

Job vacancies, a measure of labor demand, fell sharply to 7.18 million, down from 7.36 million in June, according to the Labor Department's monthly JOLTS (Job Recruitment and Labor Turnover Survey) report. The data was significantly weaker than expected, with economists predicting the figure would be relatively stable at 7.38 million.

Employment has now fallen to its lowest level since March 2021.

While disappointing labor market data could have supported gold prices, the precious metal did not see much movement immediately after the news was released. Spot gold was last seen at $3,554.20, up 0.64% on the day.

Gold prices have been on a strong run after breaking above $3,500 an ounce, trading near all-time highs. Analysts say the precious metal is attracting renewed investor interest as markets continue to expect the US Federal Reserve to cut interest rates this month.

The latest jobs data further reinforces the view that the Fed is shifting its focus from inflation to the labor market, some economists say.

Central banks cut back on gold purchases in July, as persistently high prices may have dented demand from sovereigns. However, emerging markets remained steady buyers, according to the latest data from the World Gold Council (WGC).

Global central banks were net buyers of 10 tonnes of gold in July, based on reported data – a moderate net allocation compared to previous months. Despite the slower pace of net purchases, central banks remain net buyers of gold even in the current gold price environment, said Marissa Salim, Senior Head of Research, Asia-Pacific, WGC.

The gold market is proving to be an under-tapped resource in the growing digital landscape, and the WGC is hoping to bridge the gap between physical gold and digital assets.

On Wednesday, the WGC announced its latest initiative – Wholesale Digital Gold – a revolutionary concept that aims to improve the way gold is owned, traded and used.

Gold has historically been slow to embrace the digital world, but interest in digitizing physical assets is now gaining significant traction.

Source: https://baolangson.vn/gia-vang-hom-nay-4-9-gia-vang-trong-nuoc-va-the-gioi-tang-ky-luc-5057882.html