HCMC – Domestic SJC-brand gold bar prices continued to decline today, January 14, mirroring losses in global markets.
As of 9 a.m., major jewelry companies such as DOJI listed SJC-brand gold bars at VND84.4 million per tael for buying and VND86.4 million for selling, down by VND400,000 over the previous session.
Similarly, Saigon Jewelry Company (SJC) posted identical price levels, marking the same VND400,000 decrease.
Prices of SJC-brand gold rings also fell, with a VND100,000 fall per tael for buying and a VND300,000 decrease per tael for selling, with businesses now trading within the range of VND84.4 million to VND86.1 million per tael.
At Bao Tin Minh Chau, gold ring prices are VND84.8 million per tael for buying and VND86.3 million for selling, down by VND400,000 and VND300,000, respectively.
On the global market, spot gold fell by 1% to US$2,661.76 per ounce as of 3:57 a.m. Vietnam time, while U.S. gold futures slipped by 1.3% to US$2,678.60 per ounce.
The decline was attributed to the U.S. dollar surging to a two-year high, as new economic data boosted expectations of cautious interest rate cuts by the U.S. Federal Reserve.
