Domestic and world gold prices set all-time records

Giá vàng - Ảnh 1. — Domestic and world gold prices set all-time records

Gold bar price increased by 2.8 million VND/tael

At the current price, the world gold price is 24.25 USD/ounce (775,000 VND/tael) higher than the peak set last weekend. Converted according to the exchange rate listed at the bank, the world gold price is equivalent to 113 million VND/tael.

The price of SJC gold bars today also increased by 2.8 million VND/tael, up to 133.4 million VND/tael. This is also the highest price ever. The difference between buying and selling prices remains at 1.5 million VND/tael.

The selling price of 9999 gold rings at SJC Company is 128 million VND/tael, the buying price is 125.5 million VND/tael, an increase of 3 million VND/tael compared to before the holiday. The difference between buying and selling prices is up to 2.5 million VND/tael.

Meanwhile, in the free market, the selling price of SJC gold bars has jumped to 135 million VND/tael.

SJC gold bar price is 20.4 million VND/tael higher than world gold price

World gold prices have continuously set records in recent sessions thanks to the weakening USD and the possibility that the US Federal Reserve (Fed) will cut interest rates at its meeting this month.

Investors are now betting on an 87% chance of a 25 basis point rate cut at the Fed's September meeting, according to the CME Group's FedWatch Tool. Investors are also betting on further rate cuts. The Fed is concerned that tariffs could spur inflation.

The US inflation report for August is expected to be released on September 11, a week before the Fed's policy meeting, which could help the market predict the direction of interest rates.

In addition, the gold market is entering the big consumer season of the year. Combined with expectations that the Fed will cut interest rates at its September meeting, the possibility of gold prices continuing to set new records.

Compared to the converted world gold price, the price of SJC gold bars is 20.4 million VND/tael higher while the price of gold rings is 15 million VND/tael higher. This is a very high difference and a risk for gold buyers at this time.

Recently, the Government issued Decree No. 232 amending and supplementing a number of articles of Decree No. 24 on the management of gold trading activities, including eliminating the State's monopoly on the production of gold bars, the export of raw gold and the import of raw gold.

However, the regulation to abolish the monopoly on gold bars will not take effect until October 10. The market is also waiting for the circular guiding the implementation so that banks and gold businesses can qualify for import quotas and start producing gold.

It is forecasted that domestic gold prices will not cool down until November due to increased supply. Therefore, domestic gold prices have not been able to cool down yet.

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Source: https://tuoitre.vn/gia-vang-trong-nuoc-lan-the-gioi-lap-ky-luc-moi-thoi-dai-20250903122701287.htm