HCMC – Domestic gold prices reversed course and fell sharply on December 15, with SJC-branded gold bar prices dropping by up to VND1 million per tael, tracking losses in the global market.
As of 9:10 a.m., SJC-branded gold bars at Saigon Jewelry Company (SJC) and Doji were quoted at VND154.2 million per tael for buying and VND156.2 million per tael for selling. Phu Quy listed buying prices at VND153.2 million and selling prices at VND156.2 million per tael, down VND1 million from the previous session.
Gold ring prices moved in the same direction. Bao Tin Minh Chau cut its prices by VND1 million to VND151.8 million per tael for buying and VND154.8 million per tael for selling. Meanwhile, Phu Quy quoted gold rings at VND151.5 million for buying and VND154.5 million for selling, down VND500,000 per tael compared to the prior session.
On the global market, gold was trading at around US$4,310 per ounce, down US$12 from the previous session. Based on Vietcombank’s exchange rate, this level is equivalent to about VND137 million per tael, leaving international prices roughly VND19.2 million per tael lower than domestic SJC gold.
This morning, the central exchange rate was set at VND25,141 per U.S. dollar, down VND3 from December 14. Commercial banks adjusted their rates accordingly.
Within the 5% trading band on either side of the central exchange rate, Vietcombank quoted the U.S. dollar at VND26,088–26,398 (buying–selling), VietinBank at VND26,122–26,398, BIDV at VND26,110–26,398, and Eximbank at VND26,090–26,398 per dollar.
