On the morning of November 22, SJC gold bar prices were listed by SJC Company at 84.5 million VND per tael for buying and 86.5 million VND per tael for selling, marking an increase of 300,000 VND per tael compared to the previous day. Gold bars have recorded the fourth consecutive day of price increases since the beginning of the week.

Mi Hong Company raised the buying price of SJC gold bars to 85.5 million VND per tael and sold them at 86.5 million VND per tael. ACB Bank sold SJC gold bars at up to 87.5 million VND per tael and bought them at 85.5 million VND per tael.

Not only gold bar prices, but gold ring and jewelry prices of various kinds also continued to recover strongly. SJC Company listed the buying price of 99.99 gold rings at 84.5 million VND per tael and selling price at 86 million VND per tael, an increase of 300,000 VND per tael compared to the previous day.

Gold bar prices continue to rise

PNJ Company sold plain gold rings at 85.8 million VND, DOJI at 86 million VND, and Mi Hong at a higher price of 86.2 million VND per tael.

In the international market, gold prices today are traded at $2,685 per ounce, an increase of $30 per ounce compared to the previous session. Gold prices rose despite the continuous appreciation of the US dollar. A notable development in the international market is that while the US Dollar Index (DXY) surpassed 107 points, gold prices also jumped today.

According to analysts, the demand for gold has increased significantly as investors seek it as a safe haven amid tensions in the Middle East and Russia-Ukraine. At the same time, gold prices have been on a continuous upward trend since the beginning of the week, attracting capital inflows with expectations of further increases in the value of the precious metal.

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