HCMC – Gold prices in Vietnam extended their upward trajectory on the morning of January 17, with SJC-branded gold bars surpassing VND87 million per tael, following a similar trend in global markets reaching over one-month highs.
As of 9:15 a.m., major gold retailers such as Saigon Jewelry Company (SJC), DOJI, PNJ, and Phu Quy listed gold bar prices at VND85.3 million for buying and VND87.3 million for selling. This marks an increase of VND300,000 per tael compared to the previous session, according to data from bieudogiavang.vn. The gap between buying and selling prices remains at VND2 million per tael.
Gold rings have also seen price increases. Bao Tin Minh Chau quoted buying prices at VND85.75 million and selling prices at VND87.25 million per tael, up VND300,000 from the prior day.
Similarly, Phu Quy Group adjusted its ring gold prices by VND200,000, listing them at VND85.3 million for buying and VND86.8 million for selling.
The surge in domestic gold prices aligns with global market trends. On January 16, spot gold prices climbed 0.8% to US$2,716.91 per ounce, their highest level since December 12, according to the Vietnam News Agency (VNA).
Meanwhile, U.S. gold futures closed 1.2% higher at US$2,750.9 per ounce, nearing the record high of US$2,790.15 per ounce set on October 31, 2024.
