HCMC – Gold prices in Vietnam surged on December 8, with the SJC-branded gold bar prices reaching VND154.5 million per tael, following an uptick in global prices and a slight increase in the exchange rate at commercial banks.
Saigon Jewelry Company (SJC) and Doji listed SJC-branded gold bar prices at VND152.5 million for buying and VND154.5 million per tael for selling, up VND300,000 from the previous session on December 6. Phu Quy quoted its buying prices at VND151.5 million and selling prices at VND154.5 million per tael, also rising by the same margin.
Gold ring prices moved similarly, with Bao Tin Minh Chau raising its ring gold prices by VND300,000, quoting the buying price at VND150.8 million and selling price at VND153.8 million per tael. Phu Quy kept its gold ring prices unchanged at VND150–153 million per tael (buying-selling).
On the global market, gold traded at around US$4,202 per ounce, up US$8 from the previous session. This price is equivalent to roughly VND133.7 million per tael when converted using Vietcombank’s exchange rate, leaving domestic SJC-branded gold bar prices about VND20.8 million per tael higher than world prices.
On the same date, the State Bank of Vietnam (SBV) set the central exchange rate at VND25,152 per U.S. dollar, up VND1 from late last week.
Commercial banks adjusted their rates accordingly. Within the trading band of 5% on either side of the central exchange rate, Vietcombank quoted the dollar at VND26,139–26,409 (buy/sell), while VietinBank offered VND26,162–26.409. BIDV listed VND26,169–26,409, and Eximbank traded at VND26,160–26,409 per dollar.
