HCMC – Domestic gold prices surged sharply in the morning session of January 21, with SJC-branded gold bars and rings hitting new highs, while the central foreign exchange rate moved in the opposite direction, edging down slightly by VND6.
At around 9:00 a.m., Saigon Jewelry Company (SJC), DOJI, and Phu Quy Jewelry quoted SJC gold bars at VND167.2–169.2 million per tael for buying and selling. Separately, Phu Quy listed SJC gold at VND166.5 million per tael for buying and VND169.2 million for selling.
Compared to the previous session on January 20, SJC gold prices at major firms rose by VND3.1 million per tael, setting a new high.
Gold ring prices followed the same upward trend. Bao Tin Minh Chau raised ring gold prices to VND166.2 million per tael for buying and VND169.2 million for selling, up VND3.1 million per tael from January 20. Meanwhile, Phu Quy quoted ring gold at VND164.5 million and VND167.5 million per tael, respectively, marking an increase of VND3 million per tael from the previous session.
On the global market, gold extended its gains, climbing to around US$4,838 per ounce. At current prices, global gold remains about VND15.5 million per tael lower than domestic SJC-branded gold.
Meanwhile, the State Bank of Vietnam set the central foreign exchange rate at VND25,124 per U.S. dollar this morning, down VND6 from January 20. Exchange rates at major commercial banks also edged lower accordingly.
With the trading band of 5% on either side of the central rate, Vietcombank quoted the U.S. dollar at VND26,050–26,380 (buy/sell), while VietinBank listed VND26,063–26,380. BIDV maintained rates at VND26,080–26,380, and Eximbank posted VND26,060–26,380 per dollar.
