HCMC – Domestic gold prices continue soaring today (October 7), with SJC-branded gold bars quoted at VND140.6 million per tael on the selling side, while the central foreign exchange rate fell for the second consecutive day this week.
As of 9:20 a.m., Saigon Jewelry Company (SJC) and Doji listed their SJC gold bar prices at VND138.6 million for buying and VND140.6 million for selling, while Phu Quy Jewelry quoted them at VND138 million and VND140.6 million per tael, respectively. All three dealers raised their prices by VND500,000 from the previous adjustment on October 6.
Gold ring prices also climbed this morning. At Phu Quy Jewelry, ring gold prices were listed at VND135.1 million for buying and VND138.1 million for selling per tael, up VND600,000, while Bao Tin Minh Chau quoted them at VND135.3 million and VND138.3 million per tael, up by VND1 million.
The buy-sell price gap remained wide, with SJC gold bars seeing a spread of VND2-2.6 million per tael and gold rings about VND3 million per tael.
On the global market, gold was traded at around US$3,965 per ounce, up US$33 from the previous session. Based on Vietcombank’s exchange rate, this equals roughly VND126.2 million per tael, nearly VND14.4 million lower than domestic prices.
This morning, the State Bank of Vietnam set the central exchange rate at VND25,141 per U.S. dollar, down five dong from the previous session. Commercial banks followed suit, adjusting their rates slightly lower, with most quoting the greenback at around VND26,398 for selling.
Within the trading band of 5% on either side of the central exchange rate, Vietcombank quoted the dollar at VND26,148-26,398 (buy/sell), VietinBank at VND26,184-26,398, BIDV at VND26,180-26,398, and Eximbank at VND26,160-26,398 per U.S. dollar.
