HCMC – Many gold trading firms continued to raise gold bar prices on the morning of December 15, with selling prices climbing to a record high of VND156.8 million per tael.
At around 11:30 a.m. on December 15, Saigon Jewelry Company (SJC) quoted gold bars at VND154.8 million per tael for buying and VND156.8 million per tael for selling, up VND500,000 from the end of last week.
This is the highest level ever recorded in the domestic gold market. The spread between buying and selling prices stood at VND2 million per tael, according to data from bieudogiavang.vn.
Other major dealers posted similar quotes. Bao Tin Minh Chau listed gold at VND154.8 million and VND156.8 million per tael, while Phu Quy quoted prices at VND153.8 million and VND156.8 million per tael for buying and selling, respectively.
Asia Commercial Bank also announced buying and selling prices for its own branded gold bars at around VND155.3 million and VND156.8 million per tael, respectively.
Gold ring prices rose in tandem.
SJC raised prices for gold rings by VND100,000 on the buying side and VND400,000 on the selling side, to VND151.2 million and VND154 million per tael.
Bao Tin Minh Chau quoted gold rings at VND152.5 million for buying and VND155.5 million for selling, up VND200,000. At Phu Quy Jewelry, gold rings were priced at VND151.8 million and VND154.8 million per tael, an increase of VND300,000 per tael.
On global markets, gold prices in Asia steadied in early trading on December 15 after four straight sessions of gains, according to the Vietnam News Agency.
At 6:47 a.m. Vietnam time in Singapore, spot gold was up 0.2% at US$4,306.33 per ounce. The precious metal had rallied 2.6% over the previous week and was holding near the US$4,305 per ounce.
