Gold prices this afternoon, September 5th: Unstoppable surge in gold prices.

World gold prices have risen to unprecedented levels.

As of 4:00 PM Vietnam time today, the world gold price has reached $3,550.01 per ounce, an increase of 0.37%, equivalent to $12.94 per ounce, compared to yesterday.

Global gold prices have surged and are on track for their best weekly gain in three months. The main reason is the growing expectation that the US Federal Reserve (Fed) will cut interest rates this month. Market attention is now focused on the US non-farm payrolls report, which will be released later today.

Specifically, spot gold prices rose 0.37%, hovering near the record high of $3578.5 per ounce set on Wednesday. Overall for the week, gold prices increased 4.19%. Meanwhile, US December gold futures also edged up 0.1% to $3611.7 per ounce.

Tim Waterer from KCM Trade said that gold prices are rising slightly today, but traders remain cautious and are unwilling to push prices too high until they see the results of the jobs report.

He noted that current market drivers are still supporting a rise in gold prices, including the possibility of interest rate cuts, President Trump's efforts to steer the Fed toward a more dovish stance, and the ongoing conflict between Russia and Ukraine showing no signs of abating.

This optimism is bolstered by recent data on the US labor market. The number of Americans filing for unemployment benefits rose more than expected last week, suggesting a cooling labor market. 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 have expressed the view that concerns about the labor market reinforce their belief that interest rate cuts are necessary in the near future. Fed Governor Christopher Waller even suggested that the central bank should implement an interest rate cut at its next meeting.

According to the FedWatch forecasting tool, investors are now expecting almost certain that the Fed will cut interest rates by 0.25% after its two-day policy meeting on September 17th. Gold is a non-interest-bearing asset, so it typically becomes more attractive in a low-interest-rate environment.

In addition, demand for physical gold in central markets across Asia has decreased this week due to excessively high prices, prompting dealers in major consumer markets like China and India to offer discounts to attract buyers.

Alongside gold, spot silver prices rose 0.4% to $40.84 per ounce, poised for a third consecutive weekly gain. Platinum also increased 0.9% to $1379.24 per ounce, while palladium remained unchanged at $1127.4 per ounce.

Gold priceDomestic news this afternoon, September 5, 2025

As of 4:00 PM today, September 5th, 2025, the price of domestic gold bars has continued to rise, breaking all previous records. Specifically:

DOJI Group listed SJC gold bars at 132.9 - 134.4 million VND/ounce (buying price - selling price), an increase of 500,000 VND/ounce 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 132.9 - 134.4 million VND/ounce (buying price - selling price), an increase of 500,000 VND/ounce in both buying and selling prices compared to the closing price on September 4th.

Meanwhile, at Mi Hong Gold and Gemstone Company, the price of SJC gold at the time of the survey was listed at 133.4-134.4 million VND/ounce for buying and selling. Compared to yesterday, the price of gold increased by 500,000 VND/ounce in both buying and selling directions.

At Bao Tin Minh Chau Co., Ltd., the price of gold bars is being traded at 132.9 - 134.4 million VND/ounce (buying price - selling price), an increase of 500,000 VND/ounce in both buying and selling prices compared to the same period yesterday.

At Phu Quy, SJC gold bars are being traded at 131.9-134.4 million VND/ounce (buy - sell), an increase of 400,000 VND/ounce in the buying price and 500,000 VND/ounce in the selling price compared to yesterday.

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

Bao Tin Minh Chau listed the price of gold rings at 126.8-129.8 million VND/ounce (buying price - selling price); an increase of 300,000 VND/ounce in both buying and selling prices compared to yesterday.

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