Saigon Jewelry Company listed SJC gold bars at 129.1 – 130.6 million VND per tael for buying and selling, a surge of over 4 million VND per tael from last week.
The buying and selling price gap for SJC gold bars widened to 1.5 million VND, as opposed to just 1 million VND per tael last weekend. Consequently, gold bar buyers this week would profit by nearly 3 million VND per tael.
SJC gold bar prices surged over the past week.
Similarly, gold rings at Saigon Jewelry Company also hit a new record, with buying and selling prices at 122.5 million VND and 125 million VND per tael, respectively, marking an increase of over 4 million VND per tael from last week.
However, the buying and selling price gap for gold rings at SJC remained unchanged at 2.5 million VND per tael, resulting in lower profits for buyers this week, at 1.5 million VND per tael, compared to gold bars.
Meanwhile, other companies such as Bao Tin Minh Chau Jewelry Company listed gold ring prices at 122.6 – 125.6 million VND per tael, maintaining a 3 million VND price gap. This left buyers with a profit of just 1 million VND per tael after a week…
This morning, world gold prices were quoted at $3,443 per ounce, down $5 from yesterday.
Gold prices marked the best month since April, as US inflation data bolstered expectations for a Fed rate cut next month.
In Kitco News’ weekly market survey of 14 analysts, the majority still predicted higher gold prices. Specifically, 12 people, or 86%, forecast gold prices to rise, while the remaining 2 people, or 14%, expected prices to trade sideways. Notably, no analysts anticipated a decline in gold prices.
In the currency market, this morning, the State Bank of Vietnam set the daily reference exchange rate at 23,240 VND per USD. At commercial banks, Vietcombank, the largest foreign currency trader in the system, listed USD buying and selling rates at 23,142 – 23,502 VND.
In the unofficial market, USD selling prices remained above 23,700 VND.
“Decree 232: Safeguarding Public Interests, Marching Towards a Transparent Gold Market”
As of late August 2025, the domestic gold price witnessed a complex upward trajectory. By August 29, 2025, SJC gold bars had surged past VND 129 million per tael, while gold rings had also climbed above VND 123 million per tael.
No More Waiting to Buy Gold, Now It’s Silver’s Turn
Amid the relentless surge in global gold and silver prices, domestic prices of these precious metals have also skyrocketed to unprecedented levels. In a notable development, following the frenzy of gold buyers queuing up, a similar scene is now unfolding with long lines of people eagerly waiting to purchase silver.
“Vikki Bank Spreads Joy This National Day, Gifting 1,100 5G Smartphones to the Less Fortunate.”
This year’s 80th anniversary of the August Revolution and National Day on September 2nd is an especially joyous occasion for the people of Vietnam. This is because, alongside the celebrations, the government has shown its commitment to the people with practical social welfare policies, demonstrating their care and concern for the well-being of all citizens.
The Ever-Rising Gold Prices: Experts Predict Further Gains
The gold bar selling price surges past 129 million VND per tael, while the gold ring price surpasses 124 million VND per tael, marking a significant increase that has caught the attention of investors and consumers alike.
The Golden Market’s Inevitable Cooldown
The regulatory body must promptly issue import criteria and gold import quotas for each entity to expedite the introduction of new supply to the market.
