On the evening of September 4, the price of gold jumped to 139 million VND, experts said something surprising

At the end of September 4, SJC gold bar prices were listed by large companies such as SJC, DOJI , and PNJ at VND132.4 million/tael for buying and VND133.9 million/tael for selling, remaining high compared to the morning. This is the highest price officially listed by the companies.

However, in the free market, the price of SJC gold bars continued to surprise. At the end of today, some small shops in Ho Chi Minh City quoted the buying price of gold bars at 137.5 million VND/tael and the selling price at 139 million VND/tael, an increase of 2.5 million VND/tael compared to the end of the previous day.

The price of SJC gold bars on the free market is 5 million VND higher than at large companies.

Meanwhile, 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, stable compared to the morning and the highest level ever.

Tối 4-9, giá vàng nhảy vọt lên 139 triệu đồng, chuyên gia nói điều bất ngờ- Ảnh 2.

Domestic gold prices recorded a contrasting trend compared to the world . While international gold prices fell sharply, the domestic market continued to increase. At the end of the day, the precious metal on the international market was trading at 3,547 USD/ounce, down about 35 USD/ounce compared to the highest price in the previous session.

Gold price continuously increases shockingly

The shocking increase in the price of SJC gold bars on the free market surprised even experts. In a quick conversation with a reporter from Nguoi Lao Dong Newspaper on the evening of September 4, gold expert Tran Duy Phuong said that the price of SJC gold bars was pushed up by some gold shops to nearly 140 million VND/tael - a shocking and unbelievable increase.

"People and investors should stay calm, because there are risks when holding SJC gold bars at this time. Because currently, the price of SJC gold bars is 20 million to 25 million VND higher than the world price (on the free market). There is a high possibility that the market will have abundant supply in the near future after the new decree on gold management towards eliminating the monopoly of gold bars takes effect from the beginning of October. The world gold price is in a peak cycle and will have a downward adjustment in the near future" - Mr. Phuong analyzed.

In his latest forecast for global gold prices, Mr. Heng Koon How, Head of Market Strategy, UOB Singapore, said that strong buying power from China and market expectations that the US will cut interest rates by 0.5% in September; the weakening of the US dollar has fueled the latest rally in gold prices. At around $3,500/ounce, gold has now reached UOB's year-end target.

“Our forecast for gold prices is that they could reach $3,600 per ounce in Q1 2026 and $3,700 per ounce in Q2 2026,” said Heng Koon How.

Currently, the world gold price converted according to the listed exchange rate is about 113.3 million VND/tael, lower than SJC gold bars by over 20 million VND/tael and lower than the gold price on the free market by 25 million VND/tael.