Saigon Jewelry Company listed the gold price of SJC gold bars at 147.1 – 149.1 million VND per tael (buy – sell), a 1.1 million VND increase compared to early yesterday morning.
Other gold trading companies also raised the price of SJC gold bars to 149.1 million VND per tael.
This marks yet another record high for SJC gold bars. Since the beginning of the week, gold bars have set a new record daily.
Gold prices continue to soar with no signs of slowing down (Photo: N.M).
Gold ring prices are also surging, surpassing gold bars. Specifically, Bao Tin Minh Chau Company listed gold ring prices at 151 – 154 million VND per tael, a 1.7 million VND increase compared to yesterday morning.
Phu Quy Jewelry Corporation listed gold ring prices at 146.1 – 149.1 million VND per tael, a 1.3 million VND increase.
Despite the high gold prices, consumers are finding it difficult to purchase gold. Most brands have halted sales of SJC gold bars and gold rings. A few companies still selling gold rings are either scheduling appointments or limiting purchases to a maximum of a few candareens to one tael per day.
Due to market scarcity and high consumer demand, the black market is quoting gold bars and gold rings at up to 170 million VND per tael.
Domestic gold prices are rising sharply due to the continuous increase in global gold prices. This morning, the global gold price reached a record high of 4,370 USD/ounce, a 160 USD increase compared to yesterday morning.
In the currency market, the central exchange rate was set by the State Bank at 25,109 VND/USD, a 5 VND decrease compared to yesterday morning.
Bank USD prices were listed at 26,124 – 26,364 VND/USD (buy – sell).
On the free market, USD prices were trading between 27,108 – 27,228 VND/USD.
Bizarre Scene Unfolds at Hanoi’s Hottest Gold Shop Today
Gold prices in Vietnam soared to a record high of 152 million VND per tael for SJC gold bars on the morning of October 17th. This surge led to long lines of eager buyers in Hanoi, many of whom waited for 3-4 days in the sun, only to face limited supply and difficulty making purchases.
Gold Ring Prices Surge Past SJC Rates
This morning (October 15th), domestic gold prices surged in tandem with global trends. Notably, the price of gold rings surpassed that of SJC gold bars, reaching above 146 million VND per tael.
Gold Ring Prices Surge to 159 Million VND per Tael as of October 17th Afternoon Update
By this afternoon, a prominent enterprise has adjusted the price of gold rings to a range of 156 to 159 million VND per tael, marking an increase of over 4 million VND per tael compared to this morning’s rates.
Midday October 16: Ring Gold Prices Skyrocket, Hitting 154 Million VND per Tael
Bao Tin Minh Chau has adjusted the price of gold rings to 151–154 million VND per tael. Similarly, Bao Tin Manh Hai has increased the price of their Kim Gia Bao pressed gold rings to 150.5–150.8 million VND per tael.
Afternoon of October 15: Ring Gold Prices Surge Past 151 Million VND per Tael
This afternoon, the price of gold rings at a leading gold trading enterprise in Hanoi was adjusted to a range of 148.1 – 151.1 million VND per tael.
