Gold price on September 8, 2025: World gold price reversed and decreased slightly

Domestic gold prices

Gold prices on September 6, 2025: World gold prices and SJC gold prices both set new records. Illustrative image. Photo: Internet

After several consecutive sessions setting new highs, the price of gold bars today remained stable in both buying and selling prices compared to early yesterday morning.

Brands such as SJC, DOJI , PNJ, and Bao Tin Minh Chau all listed gold bars at 133.9 - 135.4 million VND/ounce (buying price - selling price), remaining unchanged in both directions.

Phu Quy SJC also maintained the price of gold bars at 132.9 - 135.4 million VND/ounce (buying price - selling price), unchanged from early yesterday morning.

Similarly, gold ring prices remained stable this morning, showing no difference compared to yesterday.

Specifically, SJC listed gold rings at 127.7 - 130.2 million VND/ounce (buying price - selling price), unchanged from the previous session.

DOJI and PNJ also remained unchanged, with current trading prices at 127.7 - 130.7 million VND/ounce (buying price - selling price).

Bao Tin Minh Chau maintained its gold price at 127.8 - 130.8 million VND/ounce (buying price - selling price), with no fluctuations.

Phu Quy also listed gold rings at 127.5 - 130.5 million VND/ounce (buying price - selling price), stable in both directions.

World gold prices

World gold prices are currently down $0.65/ounce compared to the closing price of last weekend, to $3,595.6/ounce - equivalent to approximately 115 million VND/ounce when converted using the Vietcombank exchange rate, excluding taxes and fees. Therefore, domestic gold bars are currently about 20.4 million VND/ounce higher than world prices.

Combined support from technical, fundamental, and economic data factors helped gold have its strongest weekly gain in years, breaking through several resistance levels to set a new all-time high.

Over the past week, global gold prices have risen by more than 4% – the strongest increase in years – following the release of the US jobs report. The market is now focused on the Fed's future interest rate policy direction.

Colin Cieszynski, chief strategist at SIA Wealth Management, believes that weak US labor data could force the Fed to cut interest rates at its next meeting, with a projected reduction of up to 0.5 percentage points. This development has weakened Treasury yields and the US dollar, paving the way for further increases in gold prices.

Adrian Day, President of Adrian Day Asset Management, believes the recent surge in gold prices reflects expectations of interest rate cuts, but he warns that the market could correct if Fed Chairman Jerome Powell signals a hawkish stance or inflation unexpectedly rises. However, he believes gold prices will maintain their upward trend due to inflation, a weak labor market, rising public debt, and declining confidence in the financial system.

Marc Chandler, Director of Bannockburn Global Forex, noted that as gold prices approach the $3,600/ounce mark, volatility risks increase. He believes the US Consumer Price Index (CPI), to be released this week, will be the deciding factor, as the market has overpriced the possibility of Fed easing.

The latest Kitco News survey shows widespread optimism, with 78% of the 18 Wall Street experts and 73% of the 219 investors surveyed believing that gold will continue to rise in price this week.

Cao Thong

Source: https://doanhnghiepvn.vn/kinh-te/gia-vang-ngay-8-9-2025-vang-the-gioi-dao-chieu-giam-nhe/20250908075608873