Gold Prices Rallying Across the Board

This morning (February 25th), domestic gold prices have all risen, reaching 78.8 million Vietnamese dong per tael for SJC gold bars and 64.75 million Vietnamese dong per tael for plain round gold rings.

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Saigon Jewelry Company listed the price of SJC gold at 76.6 – 78.8 million VND/ounce, increasing 300,000 VND/ounce in both buying and selling prices. The price of plain round rings is 63.55 – 64.75 million VND/ounce, increasing 100,000 VND/ounce.

Doji Group listed the price of SJC gold at 76.45 – 78.85 million VND/ounce, increasing 200,000 VND/ounce in both buying and selling prices.

Bao Tin Minh Chau Company listed the price of Dragon Thang Long gold at 64.68 – 65.78 million VND/ounce for buying and selling.

Exactly 1 week after the God of Prosperity Day (10th day of the Lunar New Year), gold holders are losing 2.2 million VND/ounce with SJC gold and 1.6 million VND/ounce with plain round rings.

Over the weekend, the price of gold increased again. (Photo: Như Ý).

At the same time, the world gold price is around 2,035 USD/ounce. Converted to the current exchange rate, the world gold price is about 61 million VND/ounce, excluding taxes and fees.

Sharing on the gold price specialized website Kitco News, Nitesh Shah, an expert from WisdomTree, predicts that the world gold price may continue to rise thanks to the monetary policy of the US Federal Reserve.