Very strong increase, gold price on September 2nd holiday simultaneously reached the peak

(NLDO) - Both SJC gold bar price and world gold price reached historical peak with many surprises.

On the morning of September 2, the price of SJC gold bars continued to be maintained by large enterprises such as PNJ, SJC, DOJI at a high level of 129.1 million VND/tael for buying and 130.6 million VND/tael for selling, stable compared to yesterday. The price of gold bars remained at a historical peak during the September 2 holiday.

In the free market, some small shops in Ho Chi Minh City adjusted the price of gold bars to 133 million VND/tael for buying and 134 million VND/tael for selling, an increase of 1.5 million VND/tael compared to yesterday and nearly 2.5 million VND/tael higher than at large gold companies.

Also maintaining a sky-high level, the price of 99.99% gold rings and jewelry gold is also listed at 122.5 million VND/tael for buying and 125 million VND/tael for selling, unchanged from yesterday.

Both domestic and world gold prices have increased sharply, reaching historic peaks.

On the international market at 9:30 a.m. Vietnam time, the world gold price was trading at 3,493 USD/ounce, up about 40 USD/ounce compared to the previous session. Notably, the precious metal on the international market approached the historical peak of 3,500 USD/ounce set in April. During the trading session last night, there was a time when the gold price exceeded 3,500 USD/ounce.

Thus, both domestic and international gold prices are at historical peaks - exceeding forecasts and surprising many investors. This is the highest price in more than 4 months, driven by expectations that the US Federal Reserve (FED) will cut interest rates in the near future and the weakening of the USD. The USD index (DXY) continues to remain below the 98 point zone - the lowest in the past week.

The world gold price has increased strongly but is still much lower than the domestic gold price. Currently, the precious metal converted according to the exchange rate listed at commercial banks this morning is about 111.8 million VND, nearly 19 million VND/tael lower than SJC gold bars.

World gold price at one point reached a peak of 3,500 USD/ounce

SJC gold bar price also maintained at record peak

Source: https://nld.com.vn/tang-rat-manh-gia-vang-le-2-9-dong-loat-len-dinh-196250902094157913.htm