HCMC – Domestic gold ring prices rose sharply this morning, October 12, following global market movements influenced by U.S. inflation data and escalating geopolitical tensions in the Middle East.
As of 10:15 a.m., PNJ quoted its gold ring prices at VND82.3 million per tael for buying and VND83.3 million per tael for selling, a respective increase of VND300,000 and VND200,000 from the previous day.
Bao Tin Minh Chau also raised its gold ring prices to VND82.52 million per tael for buying and VND83.42 million per tael for selling, up by VND240,000 on both sides.
Meanwhile, SJC maintained its gold ring rates at VND81.5 million per tael for buying and VND82.8 million per tael for selling.
In contrast, SJC-brand gold bar prices remained stable at VND82.5 million per tael for buying and VND84.5 million per tael for selling, with prices unchanged across major traders, including SJC, PNJ and Doji.
On the global market, gold prices surged by US$27 to US$2,656.9 per ounce. This is equivalent to approximately VND80 million per tael, which is VND4.5 million lower than the SJC-brand gold and VND3.3 million lower than local gold rings.
