Gold price at 9 AM today, December 28, 2025: How high were domestic and international gold prices at the end of the week?

Domestic gold prices today, December 28, 2025, reached nearly 160 million VND, breaking the record for 2025.

As of 9:00 AM on December 28, 2025, the price of domestic gold bars, based on the closing price of the fourth week of December, has broken the 2025 record. Specifically:

DOJI Group listed SJC gold bars at 157.7-159.7 million VND/ounce (buy-sell), an increase of 300,000 VND/ounce in both buying and selling prices compared to yesterday. At the end of the week from December 22nd to December 28th, SJC gold prices increased by 3.1 million VND/ounce in both buying and selling prices. The difference between buying and selling prices is 2 million VND/ounce.

At the same time, the price of SJC gold bars, as listed by Saigon Jewelry Company Limited (SJC), was 157.7-159.7 million VND/ounce (buying price - selling price), an increase of 300,000 VND/ounce in both buying and selling prices compared to yesterday. At the end of the week from December 22nd to December 28th, the price of SJC gold here increased by 3.1 million VND/ounce in both buying and selling prices, resulting in a profit of 1.1 million VND/ounce for those who bought gold for short-term trading. The difference between the buying and selling price was 2 million VND/ounce.

At Mi Hong Gold and Gemstone Company, the SJC gold price at the time of the survey was listed at 158.5-159.7 million VND/ounce for buying and selling. Compared to yesterday, the gold price increased by 500,000 VND/ounce for buying and 300,000 VND/ounce for selling. Compared to the end of last week, the gold price increased by 3.2 million VND/ounce for buying and 3.1 million VND/ounce for selling, resulting in a profit of 1.9 million VND/ounce for those who bought gold for short-term trading. The buying and selling margin for gold was 1.2 million VND/ounce.

At Bao Tin Minh Chau Co., Ltd., SJC gold is being traded at 157.7-159.7 million VND/ounce (buy-sell), an increase of 300,000 VND/ounce in both buying and selling prices compared to yesterday, and an increase of 2.6 million VND/ounce in both buying and selling prices compared to the same period last week. The buying and selling spread for gold is 2 million VND/ounce.

At Phu Quy, SJC gold prices are being traded at 156.7-159.7 million VND/ounce (buy-sell), an increase of 500,000 VND/ounce in both buying and selling prices compared to yesterday, and an increase of 3.1 million VND/ounce in both buying and selling prices compared to last week. The difference between the buying and selling price of gold bars is 3 million VND/ounce.

Gold ring prices updated at 9:00 AM on December 28, 2025: 9999 Hung Thinh Vuong round gold rings at DOJI are listed at 155-158 million VND/ounce (buy-sell); an increase of 1 million VND/ounce in both buying and selling prices compared to yesterday. At the end of the week from December 22nd to 28th, gold ring prices here increased by 4 million VND/ounce in both buying and selling prices, with short-term gold traders making a profit of 1 million VND/ounce. The difference between the buying and selling price of DOJI gold rings is 3 million VND.

Bao Tin Minh Chau listed the price of gold rings at 156.9-159.9 million VND/ounce (buying price - selling price); an increase of 600,000 VND/ounce in both buying and selling prices compared to yesterday. At the end of the week, the price of gold rings here increased by 4.7 million VND/ounce in both buying and selling prices, with short-term gold traders making a profit of 1.7 million VND/ounce. The difference between the buying and selling price of gold rings is 3 million VND.

The price of Phu Quy 9999 pure gold rings is listed at 155.5-158.5 million VND/ounce (buying price - selling price); an increase of 300,000 VND/ounce in both buying and selling prices compared to yesterday; and an increase of 3.9 million VND/ounce in both buying and selling prices compared to the same period last week. The difference between the buying and selling price is 3 million VND.

PNJ's listed price for 9999 pure gold rings is 155-158 million VND/ounce (buying price - selling price); an increase of 1 million VND/ounce in both buying and selling prices compared to yesterday; and an increase of 4 million VND/ounce in both buying and selling prices compared to last week. The difference between the buying and selling price is 3 million VND.

The latest gold price list for today, December 28, 2025, is as follows:

World gold prices today, December 28, 2025, and world gold price news over the past 24 hours.

According to Kitco, the spot price of gold in the world market at 9:00 AM on December 28th (Vietnam time) was $4531.88 USD/ounce. Today's gold price increased by $6.22 USD/ounce compared to yesterday. Converted using the USD exchange rate at Vietcombank (26,384 VND/USD), the world gold price is approximately 144.16 million VND/ounce (excluding taxes and fees). Therefore, the price of SJC gold bars is currently 15.54 million VND/ounce higher than the international gold price.

Gold prices surged to new record highs, mirroring the rise of silver and platinum, fueled by expectations of a Fed interest rate cut and geopolitical tensions. The gold rally coincided with silver surpassing $77 per ounce for the first time, and platinum also setting new records.

Spot gold prices rose 1.2% to $4,531.41 per ounce after briefly touching a record high of $4,549.71 per ounce. In the futures market, the February US gold contract closed up 1.1% at $4,552.70 per ounce.

According to experts, the prospect of the US Federal Reserve continuing to lower interest rates in 2026, a weakening US dollar, and increasing geopolitical tensions are causing significant volatility in the precious metals market amidst thin liquidity. Although profit-taking risks may emerge before the end of the year, the overall trend for gold prices remains positive.

Investors are expecting the Fed to implement two interest rate cuts in 2026, with the first possibly in mid-year. Speculation surrounding the possibility of US President Donald Trump appointing a dovish Fed chairman further reinforces expectations of a more accommodative monetary stance, thereby supporting gold prices.

The US dollar index is on a downward trend this week, increasing the attractiveness of gold to investors holding other currencies. This factor continues to support the upward trend of gold prices in the international market.

On the geopolitical front, the US conducted airstrikes against Islamic State militants in northwestern Nigeria. This development contributed to increased demand for safe-haven assets, with gold and other precious metals clearly benefiting.

According to forecasts, silver is likely to approach the $80/ounce mark before the end of the year. For gold, the next target is set around $4,686.61/ounce, and the $5,000/ounce mark could be reached in the first half of next year.

Gold prices are poised to record their strongest year-on-year gain since 1979. The main drivers are the Fed's loose monetary policy, central bank buying, ETF inflows, and the declining role of the US dollar in the global financial system.

In India, physical gold discounts widened to their highest level in over six months as rising gold prices limited retail demand. In China, discounts narrowed sharply from their five-year highs recorded last week.

Besides gold, spot platinum rose 9.8% to $2,437.72 per ounce after hitting a record high of $2,454.12 per ounce during the session. Palladium also increased 14%, to $1,927.81 per ounce, its highest level in over three years. Overall for the week, all precious metals recorded gains, with platinum having its strongest weekly increase ever.

Goldman Sachs forecasts gold prices to fall to $4,200 per ounce in the first quarter of 2026.

Gold is the best option among all commodities next year, and if individual investors diversify like central banks, the price of gold could easily surpass the base scenario of $4,900 per ounce, according to commodity strategists at Goldman Sachs.

“The geopolitical and AI power race between the U.S. and China, along with global energy supply shifts, are core beliefs driving our view,” Goldman Sachs wrote in its 2026 Commodity Outlook report. “Commodity indices delivered strong overall returns in 2025 (e.g., BCOM up 15%) as the very high returns of industrial metals and especially precious metals — groups that typically benefit from Fed interest rate cuts — offset the slightly negative returns of the energy sector.”

Looking ahead, Goldman Sachs said its base macroeconomic scenario includes “solid global GDP growth and a total Fed interest rate cut of 50 basis points in 2026,” thereby continuing to support positive yields for commodity markets.

Of all the commodities considered, Goldman Sachs is most optimistic about gold prices, with demand from central banks being a key factor.

“We expect central bank gold purchases to remain high in 2026, averaging 70 tonnes per month (close to the 66 tonnes average over the past 12 months, but four times the 17 tonnes per month average before 2022), and contribute approximately 14 percentage points to our projected price increase through December 2026 for three reasons,” they said. “First, the freezing of Russian reserves in 2022 marked a major turning point in how reserve managers in emerging markets perceive geopolitical risk. Second, the estimated share of gold reserves held by central banks in emerging economies such as the PBoC remains relatively low compared to global counterparts, especially in light of China’s ambitions to internationalize the yuan. Third, surveys indicate central bank gold demand is at record highs.”

Goldman Sachs also sees increased risk to its gold price forecast if this diversification trend continues to spread to individual investors, a trend that has created direct competition between investors and central banks for holding physical gold, and contributed to the formation of a multi-year bull market.

“Gold ETFs currently account for only 0.17% of individual investors’ portfolios in the U.S., six basis points lower than their 2012 peak,” they noted. “We estimate that for every one basis point increase in the weighting of gold in U.S. portfolios, due to additional investor purchases rather than price increases, the price of gold will rise by approximately 1.4%.”

Goldman Sachs also highlighted the defensive value that commodities offer to investment portfolios in the current geopolitical landscape.

“Even as gold remains our preferred long-term buy option among commodities, we still see a very important role for holding commodities in general in our strategic portfolio allocation,” they wrote. “The very high degree of geographic concentration of commodity supply, coupled with increasing geopolitical, trade, and AI competition, has made the use of dominant commodity leverage as a tool for exerting pressure more prevalent. This increases the risk of supply disruptions, thereby highlighting the defensive role of commodities.”

Goldman Sachs forecasts that gold prices will correct to a low of $4,200 per ounce in the first quarter of 2026, then rebound above $4,400 per ounce in the second quarter, before setting a new all-time high around $4,630 per ounce in the third quarter, and potentially rising to $4,900 per ounce by the end of the fourth quarter.