Gold Price on January 8th: Reverses Course, Drops Nearly 1 Million VND per Tael

As of 2:00 PM on January 8th, domestic gold prices have collectively adjusted downward compared to the previous session’s close. Gold bars saw a more significant drop than gold rings across most retailers.

For gold bars, SJC, PNJ, DOJI, and Bao Tin Minh Chau all listed a buying price of 155.2 million VND per tael and a selling price of 157.2 million VND per tael, a decrease of 0.9 million VND per tael in both directions compared to the previous session. Bao Tin Manh Hai also decreased by 0.9 million VND per tael, with a buying price of 155.3 million VND and a selling price of 157.2 million VND per tael.

For gold rings, SJC adjusted its prices to 151.9 – 154.4 million VND per tael, a decrease of 0.2 million VND per tael compared to the previous session and 0.5 million VND per tael compared to the morning. PNJ and DOJI both listed prices at 153 – 156 million VND per tael, a decrease of 0.5 million VND per tael. Gold rings at Bao Tin Minh Chau and Bao Tin Manh Hai saw a more significant drop, reaching 154.8 – 157.8 million VND per tael, 0.7 million VND per tael lower than the previous session.

In the international market, the spot gold price was recorded at $4,433 per ounce in the early afternoon, a decrease of 0.55% compared to the latest closing level.

Earlier, gold prices fell more than 1% in yesterday’s trading session as investors took profits following recent price increases.

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As of 8:45 AM on January 8th, domestic gold bar prices remained stable compared to the previous session’s close, while gold ring prices fluctuated across brands.

For gold bars, SJC, PNJ, DOJI, and Bao Tin Minh Chau maintained their buying price at 156.1 million VND per tael and selling price at 158.1 million VND per tael, unchanged from the previous session. Bao Tin Manh Hai kept its gold bar prices at 156.2 – 158.1 million VND per tael, also unchanged.

For gold rings, SJC slightly increased its prices to 152.4 – 154.9 million VND per tael, 0.3 million VND per tael higher in both directions compared to the previous session. In contrast, PNJ lowered its gold ring prices to 152.5 – 155.5 million VND per tael, a decrease of 1 million VND per tael, while DOJI decreased by 0.5 million VND per tael, listing at 153 – 156 million VND per tael. Gold rings at Bao Tin Minh Chau and Bao Tin Manh Hai remained at 155.5 – 158.5 million VND per tael.

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In the international market, the spot gold price was recorded at $4,451 per ounce in the early morning, a decrease of 0.1% compared to the latest closing level.

Earlier, gold prices fell more than 1% in yesterday’s trading session as investors took profits following recent price increases.

“We view today’s price decline as a collective profit-taking activity after the recent price rally,” said David Meger, Director of Metal Trading at High Ridge Futures.

“However, weaker job data continues to support the argument for the US Federal Reserve to ease monetary policy, which will continue to support gold prices,” Meger added.

According to the ADP National Employment Report, private sector employment in the US increased by 41,000 jobs in December, lower than economists’ forecast of a 47,000 job increase.

Additionally, global geopolitical tensions persist following the arrest of Venezuelan President Nicolas Maduro over the weekend, with US President Donald Trump announcing plans to refine and sell Venezuelan crude oil, while the White House also confirmed discussions on acquiring Greenland, including the possibility of military intervention.

Gold, a non-yielding safe-haven asset, typically benefits from low-interest rate environments and periods of uncertainty.

In other news, the People’s Bank of China extended its gold-buying streak to the 14th consecutive month in December 2025.

In the domestic market, major gold retailers have not adjusted their prices from the previous session’s close as of the opening of trading on January 8th.

For gold bars, SJC, PNJ, DOJI, and Bao Tin Minh Chau all listed a buying price of 156.1 million VND per tael and a selling price of 158.1 million VND per tael. Bao Tin Manh Hai listed its gold bars at 156.2 – 158.1 million VND per tael.

For gold rings, SJC listed its prices at 152.1 – 154.6 million VND per tael. PNJ and DOJI both listed their gold rings at 153.5 – 156.5 million VND per tael. Gold rings at Bao Tin Minh Chau and Bao Tin Manh Hai remained at 155.5 – 158.5 million VND per tael.