Gold price this afternoon September 5: Gold price increases unstoppably

World gold price increased to unprecedented high

As of 4:00 p.m. this afternoon, Vietnam time, the world gold price reached 3,550.01 USD/ounce, up 0.37% or 12.94 USD/ounce compared to yesterday.

Gold prices rose sharply and are on track for their best week in three months. The main reason comes from growing expectations that the US Federal Reserve (Fed) will cut interest rates this month. The market's focus is now on the US non-farm payrolls report to be released later in the day.

Specifically, spot gold prices increased by 0.37%, hovering near the record high of 3,578.5 USD/ounce set on Wednesday. For the whole week, gold prices increased by 4.19%. At the same time, the price of gold for December delivery in the US also increased slightly by 0.1% to 3,611.7 USD/ounce.

Gold prices are up slightly today, but traders are still cautious and don't want to push prices too high until they see the results of the jobs report, said Tim Waterer from KCM Trade.

He said market forces are still supporting gold prices, including the possibility of interest rate cuts, President Trump's efforts to steer the Fed to a more dovish stance, and the ongoing conflict between Russia and Ukraine.

This optimism was reinforced by recent data on the US labor market. The number of Americans filing for unemployment benefits rose more than expected last week, suggesting that the labor market is cooling. Furthermore, the ADP private employment report also showed that the number of jobs created in August was lower than expected.

Several Fed officials this week said concerns about the labor market reinforced their belief that a rate cut was needed in the near term, with Fed Governor Christopher Waller even suggesting the central bank should cut rates at its next meeting.

Investors now almost certainly expect the Fed to cut rates by 0.25% after its two-day policy meeting on September 17, according to the FedWatch forecasting tool. Gold is a non-yielding asset, so it tends to be more attractive in a low-interest-rate environment.

Meanwhile, demand for physical gold in central Asian markets fell this week due to high prices, forcing dealers in major consuming markets such as China and India to offer discounts to attract buyers.

Besides gold, spot silver rose 0.4% to $40.84 an ounce and was on track for a third straight weekly gain. Platinum also rose 0.9% to $1,379.24 an ounce, while palladium was unchanged at $1,127.4 an ounce.

Gold priceDomestic this afternoon 9/5/2025

As of 4:00 p.m. this afternoon, September 5, 2025, the domestic gold bar price has increased unstoppably, breaking the highest record peak ever. Specifically:

DOJI Group listed the price of SJC gold bars at 132.9 - 134.4 million VND/tael (buy - sell), an increase of 500 thousand 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 132.9 - 134.4 million VND/tael (buy - sell), an increase of 500 thousand VND/tael in both buying and selling directions compared to the closing price on September 4.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 133.4-134.4 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 500 thousand 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 132.9 - 134.4 million VND/tael (buy - sell), an increase of 500 thousand VND/tael in both buying and selling directions compared to the same period yesterday.

The price of SJC gold bars at Phu Quy was traded by businesses at 131.9-134.4 million VND/tael (buy - sell), the gold price increased by 400 thousand VND/tael in the buying direction - increased by 500 thousand VND/tael in the selling direction compared to yesterday.

As of 4:00 p.m. on September 5, 2025, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 126.5-129.5 million VND/tael (buy - sell); an increase of 200,000 VND/tael in both buying and selling directions compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 126.8-129.8 million VND/tael (buy - sell); an increase of 300 thousand VND/tael in both buying and selling directions compared to yesterday.

The latest gold price list this afternoon, September 5, 2025 is as follows: