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 Jewelry and Gemstone 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 enterprises.
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, closely following 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 for buying and selling. Phu Quy-branded gold rings are listed 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 nearly 83 million VND per tael. Domestic gold prices are currently about 3 million VND per tael higher than world prices.
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 money 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 fluctuated around 25,537 – 25,637 VND/USD.
