HCMC – Domestic gold prices in Vietnam jumped sharply on January 23, reaching a new record high of VND173.3 million per tael.
Saigon Jewelry Company (SJC) quoted SJC gold bars at VND171.3–173.3 million per tael (buy–sell) in early morning trading. Prices rose VND4 million per tael on both sides compared with the close of the previous session. Major gold brands in Hanoi reported similar prices.
Gold rings also posted strong gains. Bao Tin Minh Chau listed 9999 gold rings at around VND170.3–173.3 million per tael, while DOJI Group quoted prices at VND168.8–171.8 million per tael. At Phu Quy Jewelry, gold rings traded at VND169.3–172.3 million per tael.
In the international market, spot gold traded at around US$4,960 per ounce, up more than 11% since the beginning of 2026. Based on Vietcombank’s U.S. dollar exchange rate, the global gold price was equivalent to approximately VND157.6 million per tael, about VND15.7 million lower than the domestic SJC gold price.
Market analysts cautioned that the wide gap between domestic and global gold prices, combined with large buy–sell spreads, could increase short-term risks for buyers if prices undergo a sharp correction.
