Gold price this afternoon September 3: Set a record high in the past 14 years

World gold price increased to unprecedented high

Gold prices this afternoon, September 3, set a new record in the world market. The main reason is that investors are looking for a safe place to protect their capital from fluctuations in the financial market.

As of 2:00 p.m. this afternoon, Vietnam time, the world gold price has reached 3,535.2 USD/ounce, an increase of 49.79 USD/ounce compared to yesterday. This is the highest price in more than 14 years.

Gold prices continued to set new records on Wednesday, amid volatile markets and growing confidence from investors that the US Federal Reserve will soon cut interest rates this month. These factors have boosted demand for gold - a safe investment channel in times of uncertainty.

Specifically, the spot gold price increased slightly by 1.43%, after reaching a record of 3,546.99 USD/ounce in the session. For futures contracts, the US gold futures price for December delivery also increased by 0.3%, to 3,602.40 USD/ounce.

Adding to the market uncertainty is the Trump administration’s move to ask the Supreme Court to quickly rule on tariffs that a U.S. appeals court ruled illegal last week. The Supreme Court’s decision could cause a lot of disruption and dramatically change the economic landscape if it goes against the administration, according to Tastylive’s Ilya Spivak.

He also stressed that the Fed's vulnerability to political pressure is a serious problem, and in that context, gold is on a strong uptrend with the dominant buying power. Trump has repeatedly pressured the Fed to lower interest rates and has even publicly considered firing Fed Chairman Jerome Powell. Last month, he even tried to remove Fed Governor Lisa Cook, raising concerns about the Fed's ability to operate independently.

According to CME Group's FedWatch tool, the market is pricing in a 92% chance that the Fed will cut interest rates by 0.25% at the end of its two-day policy meeting on September 17. Gold, which does not pay interest, tends to gain in a low-interest-rate environment.

Notably, the world's largest gold ETF, SPDR Gold Trust, announced that its gold holdings increased by 1.32% to 990.56 tonnes, the highest level since August 2022.

Investors are now waiting for the US non-farm payrolls report, due on Friday, to get a better idea of ​​the size of the Fed's interest rate cut this month.

Besides gold, spot silver prices fell slightly by 0.1% to $40.84 an ounce, despite earlier hitting its highest level since 2011. Platinum fell 0.6% to $1,395.03 an ounce and palladium also fell 0.4% to $1,129.58 an ounce.

Gold priceDomestic this afternoon 9/3/2025

As of 2:00 p.m. this afternoon, September 3, 2025, the domestic gold bar price set an all-time high. Specifically:

DOJI Group listed the price of SJC gold bars at 131.9 - 133.4 million VND/tael (buy - sell), an increase of 2.8 million VND/tael in both buying and selling directions compared to yesterday.

At the same time, the price of gold bars was listed by Saigon Jewelry Company Limited - SJC at 131.9 - 133.4 million VND/tael (buy - sell), an increase of 2.8 million VND/tael in both buying and selling directions compared to the closing price on September 2.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 132.4-133.4 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 2.8 million VND/tael for both buying and selling.

The price of gold bars at Bao Tin Minh Chau Company Limited was traded by the enterprise at 131.4 - 133.4 million VND/tael (buy - sell), an increase of 2.8 million VND/tael in both buying and selling directions compared to the same period yesterday.

The price of SJC gold bars at Phu Quy is traded by businesses at 131-133.4 million VND/tael (buy - sell), the gold price increased by 2.9 million VND/tael in the buying direction - increased by 2.8 million VND/tael in the selling direction compared to yesterday.

As of 2:00 p.m. on September 3, 2025, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 125.8-128.8 million VND/tael (buy - sell); an increase of 1.3 million VND/tael in both buying and selling directions compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 126-129 million VND/tael (buy - sell); an increase of 1.3 million VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list this afternoon, September 3, 2025 is as follows: