Gold prices in Vietnam have experienced a notable rise since the beginning of 2025, with SJC-branded gold bars increasing by 2.6 million VND (approximately 102.5 USD) per tael.
As of the last weekend, prices for SJC gold bars stood at 84.8 million VND for sellers and 86.8 million VND for buyers. This marks a significant increase from the prices observed on January 1, which were 82.2 million VND and 84.2 million VND, respectively. Analysts predict this trend will continue throughout the week.
Leading gold trading companies, including Saigon Jewelry Company (SJC), Bao Tin Minh Chau Co. Ltd, Doji Group, and Phu Quy Gold Investment Joint Stock Company, have all adjusted their gold bar prices to 86.8 million VND per tael.
In parallel with the rise in gold bar prices, the cost of gold rings has also climbed by approximately 400,000 to 500,000 VND per tael. Bao Tin Minh Chau’s Thang Long Dragon gold rings were priced at 85.5 million VND for buying and 86.9 million VND for selling on January 12. This reflects an increase of 400,000 VND on the buying side and 500,000 VND on the selling side compared to January 11. The spread between buying and selling prices stands at 1.4 million VND per tael.
This marks the fourth consecutive price increase for domestic gold, with both gold bars and jewelry reaching their highest levels in a month.
On the global front, gold prices also closed the week on an upward trajectory, rising by approximately 2%. The global price of gold reached 2,690 USD per ounce, equivalent to 84.42 million VND per tael, including taxes and fees. This represents a rise of 1.46 million VND per tael compared to the previous week. Despite pressure from increasing US Treasury yields and the strengthening US dollar, gold prices continued to rise globally.
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