HCMC – Domestic gold prices on February 5 reversed course after two strong sessions, falling by VND1.4 million per tael to VND178.8 million in line with weaker global prices.
As of 9:20 a.m., Saigon Jewelry Company (SJC), DOJI and Phu Quy Jewelry quoted SJC-branded gold bars at VND175.8 million per tael for buying and VND178.8 million for selling, down by VND1.4 million per tael from the previous session.
Gold ring prices followed suit. Bao Tin Minh Chau and Phu Quy lowered ring gold prices by VND1.4 million per tael to VND175.8 million for buying and VND178.8 million for selling.
On the global market, spot gold slipped below the US$5,000 mark, trading at around US$4,929 per ounce. At Vietcombank’s exchange rate, this level is equivalent to roughly VND155.3 million per tael. At current prices, global gold is still about VND23.5 million per tael lower than domestic SJC-branded gold.
Meanwhile, the State Bank of Vietnam set the central exchange rate at VND25,066 per U.S. dollar this morning, down by VND1 from February 4.
At major commercial banks, the greenback moved lower. Vietcombank listed the U.S. dollar at VND25,770–26,160 (buy/sell), VietinBank quoted VND25,763–26,143, BIDV maintained rates at VND25,820–26,180, while Eximbank posted VND25,760–26,160 per dollar.
