Gold prices surge to VND 135.8 million per tael on Sept 9

DOJI followed the same trend, also listing at VND 133.8 – 135.8 million per tael, showing the same increase. Meanwhile, 9999 round gold rings at DOJI were quoted at VND 128.3 – 131.3 million per tael, up VND 600,000 on both ends. At SJC, gold rings from 1 to 5 chi were listed at VND 128.3 – 130.8 million per tael, marking the same rise.

Global gold also climbed strongly, trading at USD 3,646.8 per ounce, up USD 30.3 compared with the prior session. Converted at Vietcombank’s exchange rate of VND 26,497 per USD, world gold equaled about VND 116.4 million per tael, still lower than SJC’s selling price by nearly VND 19.4 million.

Looking back at September 8, SJC and DOJI both closed at VND 133.1 – 135.1 million per tael, stable from the morning session. Domestic ring gold also held flat around VND 127.7 – 130.8 million per tael. On the international market, gold reached USD 3,616.5 per ounce, translating to roughly VND 115.4 million per tael, about VND 19.7 million below SJC.

Analysts suggest the upward momentum is far from over. With expectations that the U.S. Federal Reserve will cut interest rates in its September policy meeting, combined with a weakening dollar and global political uncertainty, gold is increasingly viewed as a safe haven.

Suki Cooper, Head of Commodity Research at Standard Chartered, forecasts that gold could average around USD 3,700 per ounce in Q4 2025, highlighting its record strength not just against the dollar but also other major currencies. She emphasized that broad-based demand is reinforcing the long-term bullish trend. Meanwhile, a Kitco News survey showed most international financial experts expect gold prices to continue rising this week.