Saigon Jewelry Company listed SJC gold bars at 129.1 – 130.6 million VND per tael, an increase of 1.3 million VND.
Other gold businesses also simultaneously raised the price of SJC gold bars to 130.6 million VND per tael.
However, in the online market, many people are trading gold at 133.6 million VND per tael, which is 2 million VND higher than the listed price. For the past six months, the online market has been bustling again as gold prices have reached an all-time high.
Many people believe that SJC gold bars are still the most popular product in the market, which is why they have the highest premium. Accordingly, many people predict that the price of SJC gold bars will continue to rise strongly in the coming time, so they continue to look for gold in the unofficial market.
Be cautious of fake SJC gold bars in the online market.
The price of plain rings has also increased sharply following the gold bars, but it is lower by 5 – 6 million VND per tael depending on the brand. Specifically, DOJI Gold and Gems Group listed the buying and selling price of gold rings at 122.5 – 125.5 million VND per tael. At Phu Nhuan Jewelry Company and Bao Tin Minh Chau, the buying and selling price of plain rings is at 122.5 – 125.4 million VND per tael.
The price of gold rings is also actively traded in the online market, but the premium is only 500,000 – 1 million VND per tael compared to the listed price.
Domestic gold prices rose sharply due to continuous increases in world gold prices. This morning, the world gold price reached a new peak of 3,448 USD/ounce, equivalent to more than 110 million VND per tael. Currently, the price of SJC gold bars is more than 20 million VND higher than the world gold price.
The reason for the excitement in the unofficial gold market is that gold shops still lack a supply of SJC gold bars, even though trading this commodity is against regulations and will be subject to fines. To avoid being detected by authorities, those who buy and sell gold often deal in cash.
Gold expert Tran Duy Phuong said that it is true that it is difficult for people to buy SJC gold bars and plain rings due to the current scarcity of supply, leading many to turn to forums and groups to inquire about purchasing and trading directly with each other.
However, Mr. Phuong warned buyers and sellers to be cautious of the risk of buying fake or counterfeit gold, as this is not uncommon. Some fake SJC gold bars have been discovered and were either punched by Saigon Jewelry Company or refused for purchase, leaving the buyer at risk.
“If people buy SJC gold bars or rings from forums, groups, or online, the legal risk is even greater, not to mention the possibility of buying low-quality or fake gold or being scammed,” said Mr. Phuong.
In the currency market, this morning, the central exchange rate announced by the State Bank was 25,240 VND/USD.
At the banks, Vietcombank listed the USD buying and selling rate at 26,142 – 26,502 VND/USD.
In the free market, the USD selling price is still above 26,700 VND/USD.
The Soaring Price of Gold: An Unexpected Turn of Events
“The SJC gold bar prices soar to new heights as small gold shops push the price to a record high of VND 139 million. This surge has caught the attention of experts, who now warn of potential risks associated with the SJC gold market. With the prices skyrocketing, investors and buyers must stay vigilant and informed to navigate this volatile market.”
The Golden Rush: Soaring Prices Reach New Heights
The soaring price of gold has reached unprecedented heights, with some small gold shops in Ho Chi Minh City selling SJC gold bars at a staggering 133.5 million VND per tael – a record high.
The Golden Rush: Long Queues for Gold Rings in Ho Chi Minh City
The SJC gold bar price has hit a new peak, yet the supply remains scarce. As a result, many consumers are turning to gold rings as an alternative.
Today, September 3rd: Global Gold Prices Hit Record Highs, Will Domestic Prices Follow Suit?
The global gold price has officially surpassed its previous peak in April, soaring above the $3,500 per ounce mark and setting a new record as investors flock to this precious metal amid growing expectations of a Fed rate cut.
“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.
