SJC gold bar prices listed by Saigon Jewelry Company remain steady at VND 149-151 million per tael (buy-sell), unchanged from yesterday morning.
Other gold traders unanimously set SJC gold bar prices at VND 151 million per tael. However, the buy-sell spread varies between 1-3 million VND per tael across different companies.
Mi Hong Gold System lists SJC gold bars at VND 150-151 million per tael (buy-sell).
Phu Quy Jewelry Corporation lists SJC gold bars at VND 148-151 million per tael.
Gold ring prices are VND 200,000 – 2 million per tael lower than SJC gold bars, depending on the brand.
Gold ring prices dip below SJC gold bar prices.
Specifically, Phu Quy gold rings are listed at VND 147.5 – 150.5 million per tael (buy-sell).
SJC gold rings are listed at VND 146.5-149 million per tael; Bao Tin Minh Chau gold rings are listed at VND 147.8-150.8 million per tael…
Previously, Bao Tin Minh Chau gold rings were often priced higher than gold bars, sometimes by several million VND per tael.
This morning, global gold prices stood at $4,084 per ounce, unchanged from yesterday morning. Domestic gold prices remain approximately VND 20 million per tael higher than global prices.
In the currency market, the State Bank of Vietnam set the central exchange rate at VND 25,122 per USD this morning.
Vietcombank lists USD at VND 26,128 – 26,378 per USD (buy-sell); BIDV lists USD at VND 26,168 – 26,378 per USD. The free market USD rate hovers around VND 27,498 – 27,618 per USD.
Gold Price Today, November 16: Optimism Persists Among Investors on Gold’s Future Outlook
Domestic gold prices continue to fluctuate in tandem with global trends, with SJC gold bars surging by millions of dong.
VAFI Estimates Vietnam’s Household Gold Holdings at Over 2,000 Tons
Despite the vast reserves, the majority of this gold remains locked away in vaults, an untapped resource yet to be transformed into capital for economic growth.
Gold Ring and SJC Gold Prices Plummet by Over 10 Million VND per Tael as of October 28th Close
Gold prices closed the day on October 28th with a significant decline, continuing their downward trend.
Will the Establishment of a Gold Trading Floor in Vietnam Lead to a Decrease in SJC Gold Bar Prices?
Gold trading experts suggest several exchange models, with investors anticipating that the price gap between SJC gold bars and global rates will narrow.
SJC Gold Bar Prices Plummet by 11 Million VND per Tael in the Open Market
The price of SJC gold bars at major enterprises and banks is approximately 15 million VND per tael lower than the free market rate.
