Gold prices this afternoon, September 2nd: Gold ring prices surge, breaking record highs.
Gold prices this afternoon, September 2nd, 2025: Gold bars maintain a new peak of 132.6 million VND, gold rings increase by 2 million VND, breaking a record high, and world gold prices reach 3500 USD.
Gold priceDomestic news this afternoon, September 2, 2025
As of 2:00 PM today, September 2nd, 2025, the price of domestic gold bars has reached a new peak of 132.6 million VND.
The price of SJC gold bars at Ngoc Tham is being traded by businesses at 130.3 - 132.5 million VND/ounce (buying price - selling price), unchanged in both buying and selling prices compared to the same period yesterday.
The price of gold bars at other major stores is stable at its previous peak of 130.6 million VND/ounce due to the ongoing National Day holiday on September 2nd. Specifically:
DOJI Group listed SJC gold bars at 129.1 - 130.6 million VND/ounce (buying price - selling price), unchanged in both buying and selling prices compared to yesterday.
At the same time, the price of gold bars listed by Saigon Jewelry Company Limited (SJC) was 129.1 - 130.6 million VND/ounce (buying price - selling price), unchanged in both buying and selling directions compared to the closing price on August 30th.
Meanwhile, at Mi Hong Gold and Gemstone Company, the listed price of SJC gold at the time of the survey was 129.6-130.6 million VND/ounce for buying and selling. Compared to yesterday, the price of gold remained unchanged in both buying and selling directions.
At Bao Tin Minh Chau Co., Ltd., the price of gold bars is being traded at 129.1 - 130.6 million VND/ounce (buying price - selling price), unchanged in both buying and selling prices compared to the same period yesterday.
At Phu Quy, SJC gold bars are being traded at 128.1-130.6 million VND/ounce (buying price - selling price), with no change in either buying or selling prices compared to yesterday.
As of 2:00 PM on September 2nd, 2025, the price of 9999 Hung Thinh Vuong gold rings at DOJI was listed at 124.5-127.5 million VND/ounce (buying price - selling price); an increase of 2 million VND/ounce in both buying and selling prices compared to yesterday.
Bao Tin Minh Chau listed the price of gold rings at 124.7-127.7 million VND/ounce (buying price - selling price); an increase of 1.9 million VND/ounce in both buying and selling prices compared to yesterday.
The latest gold price list for this afternoon, September 2nd, 2025, is as follows:
| Gold prices this afternoon | September 2, 2025 (Million VND) | Difference (thousand dong/ounce) | ||
| Buy | Sell | Buy | Sell | |
| SJC in Hanoi | 129.1 | 130.6 | But | But |
| DOJI Group | 129.1 | 130.6 | But | But |
| Mi Hong | 129.6 | 130.6 | But | But |
| PNJ | 129.1 | 130.6 | But | But |
| Bao Tin Minh Chau | 129.1 | 130.6 | But | But |
| Phu Quy | 128.1 | 130.6 | But | But |
| 1.DOJI- Updated: 2/9/2025 14:00 - Website time of the supplier - ▼/▲ Compared to yesterday. | ||
| AVPL/SJC HN | 129,100 | 130,600 |
| AVPL/SJC HCM | 129,100 | 130,600 |
| AVPL/SJC DN | 129,100 | 130,600 |
| Ingredients 9999 - HN | 116,400▲2000K | 117,400▲2000K |
| Ingredients 999 - HN | 116,300▲2000K | 117,300▲2000K |
| 2.PNJ- Updated: 2/9/2025 14:00 - Website time of the supplier - ▼/▲ Compared to yesterday. | ||
| SJC 999.9 gold bars | 129,100 | 130,600 |
| PNJ Plain Ring 999.9 | 124,500▲2000K | 127,5002100K |
| 999.9 Gold | 124,500▲2000K | 127,5002100K |
| 999.9 Gold for Fortune, Prosperity and Wealth | 124,500▲2000K | 127,5002100K |
| PNJ Gold - Phoenix | 124,500▲2000K | 127,5002100K |
| 999.9 gold jewelry | 122,900▲2900K | 122,900▲2900K |
| 999 gold jewelry | 122,770▲2890K | 125,270▲2890K |
| 9920 gold jewelry | 122,770▲2890K | 125,270▲2890K |
| 99% Gold Jewelry | 121,750▲2870K | 124,250▲2870K |
| 916 Gold (22K) | 112,470▲2660K | 114,970▲2660K |
| 750 Gold (18K) | 86,700▲2170K | 94,200▲2170K |
| 680 Gold (16.3K) | 77,920▲1970K | 85,420▲1970K |
| 650 Gold (15.6K) | 74,160▲1880K | 81,660▲1880K |
| 610 Gold (14.6K) | 69,140▲1760K | 76,640▲1760K |
| 585 Gold (14K) | 66,010▲1700K | 73,510▲1700K |
| 416 Gold (10K) | 44,820▲1210K | 52,320▲1210K |
| 375 Gold (9K) | 39,680▲1090K | 47,180▲1090K |
| 333 Gold (8K) | 34,030950K | 41,530950K |
| 3.SJC- Updated: 2/9/2025 14:00 - Website time of the supplier - ▲/▼ Compared to yesterday. | ||
| SJC Gold 1L, 10L, 1KG | 129,100 | 130,600 |
| SJC gold, 5 taels | 129,100 | 130,620 |
| SJC gold bars: 0.5 tael, 1 tael, 2 taels | 129,100 | 130,630 |
| SJC 99.99% pure gold rings, 1 tael, 2 taels, 5 taels. | 122,500 | 125,100 |
| SJC 99.99% pure gold rings, 0.5 tael and 0.3 tael. | 122,500 | 125,000 |
| 99.99% Jewelry | 121,500 | 123,500 |
| 99% Jewelry | 117,277 | 122,277 |
| Jewelry 68% | 76,638 | 84,138 |
| Jewelry 41.7% | 44,154 | 51,654 |
World gold prices this afternoon, September 2nd, 2025, and the chart showing world gold price fluctuations over the past 24 hours.
According to Kitco, the spot price of gold in the world market at 2:00 PM on September 2nd (Vietnam time) was $3493.18 USD/ounce. This afternoon's price increased by $20.6 USD/ounce compared to yesterday. Converted using the USD exchange rate at Vietcombank (26,502 VND/USD), the world gold price is approximately 111.61 million VND/ounce (excluding taxes and fees). Thus, the price of gold bars is currently 18.99 million VND/ounce higher than the international gold price.
World gold prices officially surpassed the $3,500/ounce mark, setting a new record on Tuesday. The main reasons stem from a weakening US dollar and growing expectations that the US Federal Reserve (Fed) will cut interest rates in September, making gold more attractive.
Specifically, spot gold prices rose 0.59%, after touching a record high of $3,508.50 per ounce during the session. Year-to-date, gold prices have increased 33%. US gold futures for December delivery also rose 1.4% to $3,565.50 per ounce.
Analysts believe that the bleak economic outlook, coupled with predictions of a Fed interest rate cut, is driving up gold prices. Another factor is the crisis of confidence in dollar-denominated assets, stemming from US President Donald Trump's criticism of the Fed's independence.
Currently, investors are predicting a 90% probability that the Fed will cut interest rates by 0.25% on September 17th. Gold is a non-interest-bearing asset, so it typically benefits in a low-interest-rate environment.
These expectations, along with concerns about the Fed's independence, have caused the dollar to depreciate, currently near its lowest level in over a month. This makes gold cheaper for investors buying with other currencies.
Gold has long been seen as an effective hedge against geopolitical and economic volatility. In 2025, gold repeatedly set new records thanks to central banks continuing to buy it to reduce their dependence on the USD, increased demand for safe haven assets due to trade and geopolitical uncertainty, and the overall weakening of the USD.
In 2024, the spot price of gold rose 27% and surpassed the $3,000/ounce mark for the first time in March of this year, as uncertainties surrounding Trump's trade policies prompted investors to flock to gold.
According to forecasts, the upward trend in gold prices could extend to $3,600 per ounce or even higher by the end of the year if the Fed implements more interest rate cuts and if a peace agreement between Russia and Ukraine remains elusive.
Investors are currently awaiting US non-farm payroll data, to be released on Friday, to determine the size of the expected interest rate cut later this month. Besides gold, spot silver also rose 0.3% to $40.79 per ounce. Platinum increased 1.2% to $1,416.86 per ounce, while palladium fell 0.6% to $1,130.45 per ounce.
