Saigon Jewelry Company listed the SJC gold bar price at 84.9 – 86.9 million VND per tael for buying and selling.
Other major gold businesses such as Phu Quy Group, Bao Tin Minh Chau JSC, and Doji Group listed the selling price of SJC gold bars at 86.9 million VND per tael.
There is a difference of about 200,000 VND per tael in the buying price of SJC gold bars among these companies.
SJC gold bar and gold ring prices are close to the 86 million VND per tael mark.
Meanwhile, Mi Hong Gold System listed the buying price of SJC gold bars at the highest level in the market and the selling price at the lowest level at 85.5 – 86.5 million VND per tael.
Gold ring prices listed by gold businesses vary among brands. Gold ring prices are close to SJC gold bar prices. Specifically, Bao Tin Minh Chau JSC listed the price of gold rings at 84.9 – 86.85 million VND per tael. The gold ring brand Phu Quy listed the price at 84.5 – 86.2 million VND per tael.
This morning, the world gold price was listed at 2,667 USD per ounce, equivalent to about 83 million VND per tael. Domestic gold prices are currently higher than world prices by more than 3 million VND per tael.
Speaking to Tien Phong, Mr. Nguyen Quang Huy, an expert from Nguyen Trai University, said that in 2025, the State Bank will regulate the gold market to prevent the “goldization” of the economy and change people’s habit of hoarding gold. Therefore, domestic gold prices will closely follow world gold prices, with forecasts of a slight increase due to safe-haven demand amid global instability.
According to Mr. Huy, investors can buy gold at this time to welcome the price increase on the occasion of the God of Wealth Day. However, investors should consider diversifying their investment channels.
In the currency market this morning, the State Bank listed the mid-rate at 24,341 VND. Commercial banks listed the buying and selling price of USD at 25,120 – 25,510 VND/USD.
In the free market, USD prices were traded at around 25,537 – 25,637 VND/USD.
The Golden Rush: Prices Surge
This morning (January 8th), domestic gold prices rebounded in line with global trends. Gold jewelry prices continued to surge, outpacing the increase in SJC gold bullion prices.
Gold to Maintain its Bullish Streak in 2025, Defying Global Commodity Turbulence
2024 is set to be a challenging year for key global commodities, particularly Brent crude oil and copper. However, in a contrasting development, gold is forecasted to continue its upward trajectory, remaining resilient amidst economic and geopolitical uncertainties, and is expected to soar in price over the coming year.
The Golden Drop: How Treasury Yields Are Pressuring Gold Prices
The big concern for gold investors at this juncture is the prospect of President-elect Donald Trump returning to the White House and how his policies could cast a shadow over the outlook for monetary easing in the coming year.
Gold Prices Surge Amid Heightened Risk Aversion
In 2025, the gold price is expected to enter a highly volatile phase, with experts predicting a rollercoaster ride for investors.
Is Gold Back on a Bullish Trajectory?
The gold price this morning, December 21st, continued its upward trajectory, buoyed by the downward trend in US Treasury bond yields and the USD exchange rate. The slowdown in inflation in the US has also played a part in this precious metal’s rising value.
