Gold price today September 3, 2025: Domestic and world gold prices increase sharply, breaking new peaks

Gold priceDomestic today 9/3/2025

As of 4:00 a.m. today, September 3, 2025, the domestic gold bar price maintained a new peak of 132.6 million VND.

The price of SJC Ngoc Tham gold bars is traded by businesses at 130.3 - 132.5 million VND/tael (buy - sell), the price remains unchanged in both buying and selling directions compared to the same period yesterday.

The price of gold bars at other major stores is stable at the old peak of 130.6 million VND/tael because it is still the National Day holiday on September 3rd yesterday. Specifically:

The price of SJC gold bars listed by DOJI Group is at 129.1 - 130.6 million VND/tael (buy - sell), the price remains unchanged 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 129.1 - 130.6 million VND/tael (buy - sell), the price remained unchanged in both buying and selling directions compared to the closing price on August 30.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 129.6-130.6 million VND/tael for buying and selling. Compared to yesterday, the gold price remained unchanged in both buying and selling directions.

The price of gold bars at Bao Tin Minh Chau Company Limited is traded by the enterprise at 129.1 - 130.6 million VND/tael (buy - sell), the price remains unchanged 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 128.1-130.6 million VND/tael (buy - sell), the gold price has not changed in both buying and selling directions compared to yesterday.

As of 4:00 a.m. on September 3, 2025, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 124.5-127.5 million VND/tael (buy - sell); an increase of 2 million VND/tael in both buying and selling directions compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 124.7-127.7 million VND/tael (buy - sell); an increase of 1.9 million VND/tael in both buying and selling directions compared to yesterday.

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

World gold price today September 3, 2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 4:00 a.m. on September 3, Vietnam time, was 3,502.22 USD/ounce. Today's gold price increased by 27.71 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,502 VND/USD), the world gold price is about 111.89 million VND/tael (excluding taxes and fees). Thus, the price of gold bars is 18.71 million VND/tael higher than the international gold price.

The world gold price has officially surpassed the threshold of 3,500 USD/Ounce, setting a new record on Tuesday. Many investors poured money into gold due to expectations that the US Federal Reserve (Fed) will soon cut interest rates, along with unresolved political and economic risks.

Spot gold rose 0.8% after hitting a record high of $3,508.50 an ounce earlier in the session. It has gained 33% so far this year. US gold futures for December delivery also rose 1.1% to $3,554.30 an ounce.

Standard Chartered Bank expert Suki Cooper said that gold prices are entering a period of strong seasonal consumption, combined with expectations that the Fed will cut interest rates in September. Ms. Cooper believes that gold prices will continue to set new records and forecasts that the average gold price will reach $3,500 in the third quarter and $3,700 in the fourth quarter of 2025.

According to data from CME FedWatch, the market is pricing in a 90% chance that the Fed will cut interest rates by 0.25% at its meeting on September 17. Gold does not yield interest, so it usually benefits in a low-interest-rate environment.

The sharp increase in world gold prices this year has been supported by many factors, including continuous purchases by central banks, the trend of diversifying away from the US dollar, the need to find a safe haven from geopolitical and trade tensions, along with the general weakness of the greenback.

Policy uncertainty under President Donald Trump has also added to the appeal of gold. Commerzbank said the charges against Cook are a warning to other FOMC members to comply with government pressure to cut interest rates aggressively, making gold even more attractive as an investment.

Attention now turns to Friday's U.S. nonfarm payrolls data for clues on the size of a September rate cut. A weak jobs report could reignite talk of a 0.5% cut, according to Zain Vawda, an analyst at OANDA. While he sees that as unlikely, that scenario could be enough to push gold prices higher.

Inflows into ETFs also bolstered gold’s rally. SPDR Gold Trust, the world’s largest gold-backed ETF, said its holdings rose 1.01% on Friday to 977.68 tonnes, the highest since August 2022.

Besides gold, spot silver fell 0.5% to $40.48 an ounce. Platinum fell 0.7% to $1,389.75 an ounce, while palladium fell 1.4% to $1,121.75 an ounce.

Gold Price Forecast

According to economic expert Dinh Trong Thinh, removing the monopoly on gold bar production will not necessarily cause domestic gold prices to drop immediately, because gold prices depend on many different factors.

However, ending the monopoly mechanism will help increase the supply of gold, creating conditions for suppliers to operate more freely and equally. The ultimate goal is to protect the interests of consumers when buying and selling gold, while contributing to stabilizing the gold market and the economy in general.

Gold expert Tran Duy Phuong said that Decree No. 232 of the Government will officially take effect in a little over a month. This period of time will help the authorities prepare detailed instructions and allow businesses to make necessary preparations.

According to Mr. Phuong, the gold market will only really fluctuate strongly when businesses start importing raw materials, producing gold and bringing more to the market. He predicts that from the beginning of November, the difference in domestic gold prices may decrease sharply from nearly VND20 million/tael to about VND12-13 million/tael.

Gold’s recent rally may reflect expectations of weak economic data ahead, said John Weyer, director of hedging at Walsh Trading. Gold appears to be reacting to concerns about the labor market.

Geopolitical tensions have also contributed to the rise in gold prices. Hopes for a peace deal between Russia and Ukraine are fading, adding to global uncertainty and boosting demand for gold as a safe haven.

Mr. Weyer analyzed that the price increase at the end of last week was influenced by technical factors and low liquidity. If the gold price surpasses the threshold of 3,534 USD/ounce, gold can continue to attract cash flow and increase further.

Gold is approaching the highest level in the accumulation zone that has lasted since April, with an important resistance level at $3,430/ounce, said expert Alex Kuptsikevich from FxPro.

Although optimistic about the long-term outlook, Mr. Kuptsikevich advises investors to be cautious at the moment. Technically, the possibility of gold correcting to the $3,300-3,315/ounce range is entirely possible.