Gold price skyrockets: Gold holders earn more than 50 million VND/tael

On the morning of September 4, the price of SJC gold bars was listed by large enterprises such as SJC, DOJI , PNJ at 132.4 million VND/tael for buying and 133.9 million VND/tael for selling (an increase of 500,000 VND per tael compared to yesterday), setting a new record.

Price of SJC gold rings and gold bars

At some small stores, SJC prices were pushed up to 134.5 million VND/tael for buying and 138.5 million VND/tael for selling, 2.5 million VND and 1.6 million VND higher than yesterday, respectively.

The price of 99.99% gold rings and jewelry gold also remained high, at VND126.2 million/tael for buying and VND128.7 million/tael for selling, an increase of VND700,000 compared to yesterday.

Since the beginning of 2025, SJC gold bar holders have made a profit of more than 50 million VND/tael.

Giá vàng tăng vọt: Người ôm vàng lãi hơn 50 triệu đồng/lượng - Ảnh 1. — SJC gold bar and gold ring prices continue to set new peaks

Domestic gold prices recorded opposite movements compared to the world . While international gold prices fell sharply, the domestic market continued to increase.

World gold price suddenly fell sharply

Specifically, the international spot gold price fell to $3,530/ounce, losing more than $30 in just one day. Gold futures also fell more than $50, to around $3,580/ounce. However, compared to a week ago, this precious metal still increased by more than $100/ounce.

The main reason comes from US economic data. The June jobs report showed that the number of job vacancies was only 7.437 million, lower than the previous month.

This reflects a cooling US labor market, reinforcing expectations that gold will continue to be supported.

In addition, macroeconomic factors also contributed to the surge in gold prices. Global bond yields increased sharply due to concerns about inflation and public debt.

The 30-year US Treasury bond edged closer to 5%, while the UK, Australia and Japan also posted significant gains.

Normally, rising bond yields would put pressure on gold. But in the current context, investors still see gold as a safe haven.

Additionally, history shows that September and October are typically tough months for stocks and currencies, further driving capital flows to gold as a safe haven.