Gold prices in Vietnam have seen a significant surge in early 2025, with SJC-branded gold bars climbing by 2.6 million VND (approximately 102.5 USD) per tael since the beginning of the year.
As of the weekend session, the price for sellers and buyers was recorded at 84.8 million VND and 86.8 million VND per tael, respectively. This marks a notable increase from January 1’s trade, where prices were at 82.2 million VND and 84.2 million VND.
This upward trend in prices is expected to persist 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, reported their gold bar prices at 86.8 million VND per tael.
In addition to gold bars, prices for gold rings have also risen, with an increase of approximately 400,000 to 500,000 VND per tael. For instance, Bao Tin Minh Chau listed its Thang Long Dragon gold rings at 85.5 million VND for buying and 86.9 million VND for selling on January 12, reflecting an increase of 400,000 VND on the buying side and 500,000 VND on the selling side compared to the previous day. The difference between buying and selling prices stands at 1.4 million VND per tael.
These price increases mark the fourth consecutive strong rise in domestic gold prices, driving both gold bars and jewelry to their highest levels in the past month.
On the global front, gold prices ended the week on a positive note, rising approximately 2%. The global gold price reached 2,690 USD per ounce, or 84.42 million VND per tael (including taxes and fees). This is a rise of 1.46 million VND per tael from the previous week. The price gains come despite challenges posed by rising US Treasury yields and a stronger US dollar.
Related topics:
- India Surpasses China in Gold Purchases, Buying 51% More in Three Months
- Gold Rates Skyrocket in Chennai on Diwali, 24K Gold Exceeds Rs. 81,000 Per 10 Grams
- Gold Prices Expected to Reach $3,000 per Ounce by 2025, Analysts Forecast
