Gold ring price on the morning of September 25 set a new peak of 82.5 million VND/tael

At 9:00 a.m. on September 25, DOJI Gold and Gemstone Group listed the price of gold rings at VND81.45 - 82.5 million/tael (buy - sell), an increase of VND850,000/tael in both buying and selling compared to yesterday's closing price.

Saigon Jewelry Company (SJC) announced the selling price of gold rings at 80.8 - 82.3 million VND/tael (buy - sell), an increase of 800,000 VND/tael for buying and 1 million VND for selling compared to yesterday's closing price.

Meanwhile, the price of gold bars is stable. DOJI Gold and Gemstone Group announced the selling price of SJC gold bars at 81.5 - 83.5 million VND/tael (buy - sell), keeping the listed price in both buying and selling directions unchanged compared to yesterday's closing price.

Similarly, Saigon Jewelry Company (SJC) announced the selling price of SJC gold bars at 81.5 - 83.5 million VND/tael (buy - sell), keeping the listed price in both buying and selling directions unchanged compared to yesterday's closing price.

In the session on September 24, the world gold price increased by 1% and reached a record high as tensions in the Middle East increased the appeal of this metal as a safe haven.

Investors also caught new signals about the possibility of a US interest rate cut. Specifically, the spot gold price increased by 1.1% to 2,656.38 USD/ounce, after reaching a record high of 2,654.96 USD/ounce. The US gold futures price increased by 1% to 2,680.00 USD/ounce.

Gold has risen 28% this year as fears of a wider conflict in the Middle East have increased. Safe-haven demand for the metal amid Middle East concerns has been a factor supporting the rally, said Bob Haberkorn, a strategist at brokerage RJO Futures. If tensions continue to escalate, the precious metal could hit new records.