HCMC – Gold prices in Vietnam continued their upward spiral this morning, March 13, with gold rings reaching a record high of VND94.8 million per tael, according to local media reports.
At around 9 a.m., Phu Quy Jewelry quoted gold rings at VND93 million per tael for buying and VND94.8 million per tael for selling, up by VND400,000 and VND700,000, respectively, compared to the previous day’s close.
The price gap between buying and selling prices stands at VND1.8 million per tael.
At Phu Nhuan Jewelry (PNJ), gold rings are now priced at VND92.7 million per tael for buying and VND94.2 million per tael for selling, up by VND400,000 and VND300,000, respectively. The price difference here is VND1.5 million per tael.
Similarly, Saigon Jewelry Company (SJC) has raised its buying and selling prices for gold rings by VND700,000 per tael, with current rates standing at VND92.5-94.1 million per tael. The spread between buying and selling prices is VND1.6 million per tael.
Gold bar prices also saw significant gains.
At SJC, DOJI, and PNJ, gold bars are now quoted at VND92.5 million per tael for buying and VND94.2 million per tael for selling, an increase of VND700,000 per tael on both ends compared to the previous trading session.
Meanwhile, Phu Quy Company raised gold bar prices by VND500,000 per tael for buying and VND700,000 per tael for selling, now listing them at VND92.5-94.2 million per tael.
According to the Vietnam News Agency, global gold prices surged during the March 12 trading session. As of 1:32 a.m. on March 13 (Vietnam time), spot gold prices had climbed 0.7% to US$2,935.59 per ounce, while U.S. gold futures increased by 0.9% to US$2,946.8 per ounce.
