HCMC – Domestic gold prices on January 19 rose by up to VND2.2 million per tael to a new record high of around VND165 million, tracking strong gains in the global market, while the U.S. dollar edged up slightly at commercial banks.
At around 9:10 a.m., Saigon Jewelry Company (SJC), DOJI, and Phu Quy Jewelry quoted SJC-branded gold bars at VND163 million per tael for buying and VND165 million for selling. Compared to the previous session, SJC gold prices at major firms jumped by VND2.2 million per tael. Separately, Phu Quy listed SJC gold at VND162 million for buying and VND165 million for selling.
Gold ring prices also moved higher. Bao Tin Minh Chau raised ring gold prices by VND1.7 million per tael to VND161.5 million for buying and VND164.5 million for selling. Meanwhile, Phu Quy increased its ring gold prices by VND2 million to VND160 million and VND163 million per tael, respectively, compared to January 16.
On the global market, spot gold was trading at around US$4,664 per ounce. At Vietcombank’s exchange rate, this level is equivalent to roughly VND148.2 million per tael. At current prices, global gold stays at about VND16.8 million per tael lower than domestic SJC-branded gold.
Meanwhile, the State Bank of Vietnam (SBV) set the central exchange rate at VND25,132 per U.S. dollar this morning, up VND1 from January 16.
At major commercial banks, the greenback was quoted higher. With the trading band of 5% on either side of the central exchange rate, Vietcombank listed the U.S. dollar at VND26,058–26,388 (buy/sell), while VietinBank quoted VND26,076–26,388. BIDV maintained rates at VND26,088–26,388, and Eximbank posted VND26,060–26,388 per dollar.
