Gold prices set new record as global demand soars in Q3/2025

According to the latest report of the World Gold Council (WGC), gold prices remain attractive as global gold demand reaches a record level in the third quarter of 2025.

Total demand reached 1,313 tonnes, equivalent to about $146 billion, the highest figure ever recorded in a quarter. Although gold prices have just dropped after a strong increase last month, the market still maintains a positive outlook for the coming period.

The reason why gold prices remain stable at high levels is due to a strong wave of investment, fueled by unstable geopolitical situations, a weakening USD and investors' FOMO psychology as gold prices continuously hit new peaks.

The WGC report said that in the third quarter of 2025, gold investment demand increased by 47% compared to the same period last year, reaching 537 tons, accounting for 55% of total global gold demand. Net purchases by central banks reached 220 tons, up 28% compared to the previous quarter and 10% compared to the same period last year, despite gold prices being at an all-time high.

According to Fan Shaokai, Director of Asia-Pacific (excluding China) of WGC, with demand and gold prices both at high levels, the world gold market will continue to be vibrant in the coming quarters. He forecasts that central banks may buy 750-900 tons of gold this year, lower than last year but still maintaining a steady pace.

After a period of rapid increase, the world gold price has had a correction in the past week. Previously, the spot price peaked at over 4,380 USD/ounce, equivalent to an increase of more than 60% compared to the end of last year. However, experts said that this adjustment is only technical, and the gold price still has the potential to increase again thanks to a sustainable supply-demand foundation.

Louise Street, senior analyst at the WGC, said the investment environment remains favorable for gold prices. A weaker US dollar, expectations of lower interest rates and the risk of stagflation are driving continued flows into gold as a safe haven.

Major financial institutions remain optimistic about the outlook for gold prices next year. UBS forecasts that gold prices could recover to $4,700 an ounce by the end of the first quarter of 2026. Goldman Sachs has made an even bolder prediction, predicting that gold prices will reach $4,900 an ounce by the end of 2026, thanks to stable investment demand and central bank reserves.

On November 8, domestic gold prices continued their upward trend while the international market maintained a strong upward momentum, trading around 4,001 USD/ounce.

With this fluctuation, the domestic gold price is expected to exceed the mark of 147 - 149 million VND/tael (buy - sell). Experts say that the market is in an unpredictable phase, because the domestic gold price still fluctuates closely with the world trend and can be adjusted many times a day.

At Saigon Jewelry Company (SJC), the gold price on November 8 was listed at 146.4 million VND/tael for buying and 148.4 million VND/tael for selling, a difference of 2 million VND/tael.

Bao Tin Minh Chau Company announced the buying price of SJC gold at 146.9 million VND/tael, selling price at 148.4 million VND/tael, unchanged from the previous session, a difference of 1.5 million VND/tael.

At DOJI Group, SJC gold price today is also kept at 146.4 - 148.4 million VND/tael, a difference of 2 million VND/tael. Meanwhile, at Phu Quy Group, SJC gold price is listed at 145.4 million VND/tael (buy) and 148.4 million VND/tael (sell), a difference of 3 million VND/tael.

Regarding gold rings, the market on November 8 also recorded a clear growth. DOJI Group listed the price of Hung Thinh Vuong 9999 gold rings at 145 million VND/tael (buy) and 148 million VND/tael (sell), unchanged from the previous session. The difference between the two prices is 3 million VND/tael.

At Bao Tin Minh Chau, the price of Rong Thang Long gold rings is traded at 145.8 - 148.8 million VND/tael, a difference of 3 million VND/tael, unchanged from the previous session.

Phu Quy Group also listed the price of Phu Quy 999.9 round gold rings at 145.4 million VND/tael (buy) and 148.4 million VND/tael (sell), unchanged from the previous day.

At Bao Tin Manh Hai, the price of Kim Gia Bao gold rings on November 8 was listed at 145.8 million VND/tael (buy) and 148.6 million VND/tael (sell), a difference of 2.8 million VND/tael and no new adjustment.