HCMC – Domestic gold prices inched higher on December 18, with SJC-branded gold bars climbing to VND156.4 million per tael, tracking gains in the global market and keeping a large gap with global gold prices.
As of 9:20 a.m., SJC-branded gold bars at Saigon Jewelry Company (SJC) and Doji were quoted at VND154.4 million per tael for buying and VND156.4 million per tael for selling. Phu Quy listed prices at VND153.4 million for buying and VND156.4 million for selling, up VND200,000 per tael from the close of December 17.
Gold ring prices also moved higher. Bao Tin Minh Chau quoted prices at VND152.4 million for buying and VND155.4 million for selling, up VND200,000 per tael, while Phu Quy raised its rates to VND151.4 million and VND154.4 million, respectively, an increase of VND100,000 compared to the previous session.
On the global market, gold was trading at around US$4,335 per ounce, up US$13 from the previous close. At this level, global prices are equivalent to about VND138 million per tael when converted at Vietcombank’s exchange rate, remaining roughly VND18.4 million per tael lower than domestic SJC gold.
This morning, the State Bank of Vietnam set the central exchange rate at VND25,151 per U.S. dollar, up VND5 from December 17. Commercial banks adjusted their quoted rates accordingly.
With the 5% trading band on either side of the central rate, Vietcombank listed the dollar at VND26,118–26,408 (buy/sell), VietinBank at VND26,139–26,408, BIDV at VND26,130–26,408, and Eximbank also at VND26,130–26,408 per dollar.
