HCMC – Domestic gold prices rose across the board on January 9, with SJC-branded gold climbing to VND158.3 million per tael, as global gold prices continued to advance toward the US$4,500-per-ounce level, widening the gap between local and international market prices.
As of 9:10 a.m., SJC-branded gold bars at Saigon Jewelry Company (SJC), Doji, and Phu Quy were quoted at VND156.3 million per tael for buying and VND158.3 million per tael for selling, up VND0.5–1.1 million per tael from the previous session.
Gold ring prices also moved higher. Bao Tin Minh Chau listed gold rings at VND155.3 million per tael for buying and VND158.3 million per tael for selling, while Phu Quy quoted VND153.8 million and VND156.8 million per tael, respectively. Both increased by VND500,000 per tael compared to the January 8 close.
On the global market, gold was trading at around US$4,447.5 per ounce, up roughly US$30 per ounce from a day earlier. At this level, global prices are equivalent to approximately VND142.2 million per tael when converted at Vietcombank’s exchange rate, about VND16.1 million per tael lower than domestic SJC gold.
This morning, the State Bank of Vietnam set the central exchange rate at VND25,127 per U.S. dollar, up VND2 from January 8. Commercial banks adjusted their rates accordingly.
With the 5% trading band on either side of the central rate, Vietcombank quoted the dollar at VND26,053–26,383 (buy/sell), VietinBank at VND26,068–26,383, BIDV at VND26,083–26,383, and Eximbank at VND26,070–26,383 per dollar.
