Gold prices continued to fall by 3.5 million VND per tael.

VTV.vn - On the afternoon of January 30th, the price of domestic gold bars continued to fall by 3.5 million VND/ounce compared to the beginning of this morning (at 8:50 AM).

Specifically, at 4:30 PM, the price of gold bars at Saigon Jewelry Company (SJC) and DOJI Group was listed at 178 - 181 million VND/ounce (buying price - selling price), a decrease of 3.5 million VND/ounce in both buying and selling prices compared to the opening price this morning (8:50 AM); and a decrease of 10.3 million VND/ounce compared to yesterday's peak.

Phu Quy Gold and Gemstone Group also listed the price of gold bars at 178 - 181 million VND/ounce (buying price - selling price), a decrease of 3.5 million VND/ounce in both buying and selling prices compared to the opening price this morning; and a decrease of 10.3 million VND/ounce compared to yesterday's peak.

According to Vietcombank's exchange rate (including taxes and fees...), the difference between the price of gold bars and the world gold price is 17.1 million VND/ounce.

Regarding the domestic gold market, SJC Company has just announced that it will temporarily suspend trading of gold bars, gold rings, and wedding gold jewelry at some gold shops in Ho Chi Minh City. Specifically, the suspension will take place on Saturday morning, January 31st (tomorrow morning).

The locations temporarily closed include: SJC headquarters at 418-420 Nguyen Thi Minh Khai, Ban Co ward; Gold, Silver and Gemstone Center at 230-230A Quang Trung, Go Vap ward; and Gold, Silver and Gemstone Center at 172 Nguyen Van Nghi, An Nhon ward. For transactions involving diamond and gemstone jewelry, customers can still buy and sell as usual.

Announcement on SJC company's fanpage

In Asian markets, gold prices fell on January 30 amid speculation that the US Federal Reserve (Fed) might welcome a new chairman with a hawkish policy stance. However, overall for January 2026, the precious metal is still on track to record its biggest price increase since 1980 thanks to safe-haven demand from investors.

At approximately 2:40 PM Vietnam time, the spot gold price fell 3.35% to $5,149.14 per ounce, after at one point dropping more than 5% during the session. Previously, on January 29th, the gold price had set an all-time high of $5,594.82 per ounce. US February 2026 gold futures also fell 1.8% to $5,225 per ounce. Selling pressure emerged after US President Donald Trump announced on January 29th (US time) his intention to announce a replacement for Federal Reserve Chairman Jerome Powell on January 30th (US time). Rumors are currently circulating that Kevin Warsh, the former Fed Governor, will be the chosen candidate.

Since the beginning of the year, gold prices have risen nearly 30%, marking a strong acceleration in multi-year bull cycles. However, according to Simon Biddle, Head of Precious Metals at Tullet Prebon brokerage (part of TP ICAP Group), the rapid and sustained increase has gradually narrowed the ability of banks to participate in the market, reducing liquidity and increasing volatility.

“Banks don’t have unlimited balance sheets to trade precious metals. Trading volumes have decreased as they’ve been forced to limit risk,” Biddle said.

Experts believe that gold prices may continue to fluctuate in the short term, depending on economic data, the volatility of the US dollar, and monetary policy decisions of major economies.

Source: https://vtv.vn/gia-vang-giam-tiep-35-trieu-dong-luong-100260130175234595.htm