Saigon Jewelry Company listed the SJC gold bar price at 84.9 – 86.9 million VND/tael for buying and selling.
Other major gold businesses such as Phu Quy Gold and Silver Stone Group, Bao Tin Minh Chau JSC, and Doji Group listed the selling price of SJC gold bars at 86.9 million VND/tael. There is a difference of about 200,000 VND/tael in the buying price of SJC gold bars among these companies.
The price of SJC gold bars and gold rings is close to the 86 million VND/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/tael.
The gold ring prices listed by gold businesses vary among brands, closely following the SJC gold bar price. Specifically, Bao Tin Minh Chau JSC listed the price of gold rings at 84.9 – 86.85 million VND/tael for buying and selling. The gold ring price of the Phu Quy brand was listed at 84.5 – 86.2 million VND/tael.
This morning, the world gold price was listed at 2,667 USD/ounce, equivalent to about 83 million VND/tael. The domestic gold price is currently higher than the world price by more than 3 million VND/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 the habit of gold hoarding among people. 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.
