HCMC – Domestic gold prices were flat on January 8, with SJC-branded gold bars holding at VND158.1 million per tael, even as global gold prices edged lower, widening the price gap between local and international markets.
As of 9:10 a.m., SJC-branded gold bars at Saigon Jewelry Company (SJC), Doji, and Phu Quy were quoted at VND156.1 million per tael for buying and VND158.1 million per tael for selling, unchanged from the close of January 7.
Gold ring prices showed mixed movements. Phu Quy listed ring gold at VND153.8 million for buying and VND156.8 million for selling, steady from the previous session. Meanwhile, Bao Tin Minh Chau lowered its ring gold prices by VND200,000 per tael to VND155.3 million for buying and VND158.3 million for selling.
On the global market, gold was trading at around US$4,445 per ounce. At this level, global prices are equivalent to approximately VND141.2 million per tael when converted at Vietcombank’s exchange rate, about VND16.9 million per tael lower than domestic SJC gold.
This morning, the State Bank of Vietnam set the central exchange rate at VND25,125 per U.S. dollar, up VND3 from January 7. Commercial banks adjusted their rates accordingly.
With the 5% trading band on either side of the central rate, Vietcombank quoted the dollar at VND26,051–26,381 (buy/sell), VietinBank at VND26,074–26,381, BIDV at VND26,081–26,381, and Eximbank at VND26,070–26,381 per dollar.
