On the morning of September 3, domestic gold price reached 133.4 million VND/tael, an increase of 2.8 million VND.

Domestic enterprises today simultaneously listed gold prices to high levels in both buying and selling directions. Currently, SJC, Bao Tin Minh Chau, DOJI , PNJ all listed the buying price at 131.9 million VND, selling price at 133.4 million VND. Phu Quy is buying at a price 900,000 VND lower than the general level.

Gold market increased sharply on September 3. **Photo: PV**

Far exceeding experts' predictions, gold prices in August and early September surpassed the 130 million mark and continued to rise with no signs of slowing down.

The price of gold rings also continues to increase compared to yesterday's trading session, depending on the business. Specifically, at Bao Tin Minh Chau, this business is trading two-way buying and selling at 125.7-128.7 million VND/tael; SJC is listing the price at 125.1-127.6 million VND/tael; Phu Quy is trading at 125.2-128.2 million VND/tael; PNJ is currently buying at 125.5 million VND, selling at 128.5 million VND/tael.

The world gold market also recorded a sharp increase. According to Kitco, the spot price recorded at 4:00 a.m. on September 3, Vietnam time, was 3,502.22 USD/ounce, an increase of 27.71 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,502 VND/USD), the world gold price is about 111.89 million VND/tael (excluding taxes and fees). Thus, the price of gold bars is 18.71 million VND/tael higher than the international gold price.

The sharp increase in world gold prices this year has been supported by many factors, including continuous purchases by central banks, the trend of diversifying away from the US dollar, the need to find a safe haven from geopolitical and trade tensions, along with the general weakness of the greenback.

Policy uncertainty under President Donald Trump has also contributed to the appeal of gold. NCommerzbank said the charges against Ms. Cook are a warning to other FOMC members to comply with government pressure to cut interest rates aggressively, making gold even more attractive as an investment.

Source: https://baogialai.com.vn/sang-3-9-gia-vang-trong-nuoc-len-muc-1334-trieu-dongluong-tang-28-trieu-trieu-dong-post565507.html