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.

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SJC gold bars are priced at VND 144.1 – 146.1 million per tael (buy – sell) by Saigon Jewelry Company, a VND 2 million increase from yesterday morning.

Other gold traders have also significantly raised the price of SJC gold bars to VND 146.1 million per tael (sell), marking another record high for SJC gold prices.

Surprisingly, the price of gold rings has risen even more than gold bars. Some retailers have even listed gold rings at higher prices than gold bars. For instance, Bao Tin Minh Chau JSC is offering gold rings at VND 143.6 – 146.6 million per tael (buy – sell), a VND 2.6 million increase from yesterday morning.

Bao Tin Minh Chau gold rings surpass SJC gold bars in price.

Phu Quy Jewelry Corporation lists gold rings at VND 143 – 146 million per tael, a substantial increase of VND 3.5 million.

Doji Group’s gold rings are priced at VND 143.9 – 145.9 million per tael…

Meanwhile, global gold prices have risen to USD 4,161 per ounce, a USD 32 increase from yesterday morning. This equates to over VND 131 million per tael. Global gold prices continue to trend upward, and domestic prices are expected to set new records.

In the currency market, the State Bank of Vietnam set the central exchange rate at VND 25,114 per USD, a VND 2 increase from yesterday morning.

Bank USD rates are listed at VND 26,117 – 26,367 per USD (buy – sell).

On the black market, USD rates have surged to VND 26,963 – 27,073 per USD, an increase of VND 187 for buying and VND 197 for selling compared to yesterday morning.

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