HCMC – Domestic gold prices surged on January 12, with SJC-branded gold bars climbing to as high as VND162.5 million per tael, tracking a fresh record on the global market where gold briefly touched US$4,602 per ounce.
Saigon Jewelry Company (SJC) raised SJC-branded gold bar prices by VND2.2 million per tael to VND160 million for buying and VND162 million for selling. At ACB, buying prices rose by VND2.2 million to VND161 million per tael, while selling prices jumped VND2.7 million to VND162.5 million. Mi Hong also adjusted prices sharply, lifting buying prices by VND1.9 million to VND160.5 million per tael and selling prices by VND2.2 million to VND162 million.
Gold ring prices posted strong gains of VND2–2.3 million per tael. SJC listed its ring gold at VND156.5 million for buying and VND159.1 million for selling, while Phu Quy quoted VND157 million and VND160 million, respectively.
On the global market, gold extended its rally, rising about US$80 per ounce to US$4,590, after hitting an intraday record of US$4,602 per ounce. The surge was driven by heightened geopolitical tensions in Ukraine, Gaza and Venezuela, alongside a weaker U.S. dollar.
Meanwhile, domestic U.S. dollar prices edged lower early in the week, mirroring global trends. On the morning of January 12, the State Bank of Vietnam set the central exchange rate at VND25,129 per dollar, down by VND2 from the previous week.
At commercial banks, Vietcombank lowered its buying rate by VND2 to VND26,085 and kept the selling rate at VND26,385. ACB maintained its buying rate at VND26,090 while cutting the selling rate by VND2 to VND26,385 per dollar.
