At the end of the session on January 22 , the price of gold bars at SJC closed at 86.2-88.2 million VND/tael (buy - sell), an increase of 700 thousand VND in both buying and selling compared to yesterday's closing price.

At the end of the session, the price of SJC gold rings of 1-5 chi was listed at 86-87.7 million VND/tael (buy - sell), an increase of 800 thousand VND in both buying and selling compared to the end of yesterday's session.

The price of 9999 gold rings at Doji closed the session at 86.2-87.7 million VND/tael, an increase of 450 thousand VND per tael for buying and 500 thousand VND per tael more expensive for selling compared to the end of yesterday's trading session.

This afternoon, the world gold price continued to rise. At 2:19 p.m. today (January 22, Vietnam time), the world spot gold price was at 2,750.1 USD/ounce, up 3.6 USD/ounce compared to early this morning.

Following the same trend, domestic gold prices were also adjusted up.

Domestic gold ring prices this afternoon were adjusted up by brands.

This afternoon, Doji Gold and Gemstone Group raised the buying and selling price of 9999 gold rings to 86.2-87.7 million VND/tael, an increase of 200,000 VND per tael in both buying and selling compared to this morning.

The price of 1-5 chi SJC gold rings was adjusted up to 86-87.7 million VND/tael (buy - sell), an increase of 300 thousand VND per tael in both buying and selling compared to the listed price this morning.

Early this afternoon, the price of SJC 9999 gold continued to be adjusted up by 200,000 VND/tael in both buying and selling compared to the morning, to 86.2-88.2 million VND/tael (buying - selling).

This morning, domestic gold ring prices were adjusted to increase sharply by brands following world gold prices.

Saigon Jewelry Company (SJC) early this morning raised the price of 1-5 tael gold rings to 85.7-87.4 million VND/tael (buy - sell), an increase of 500 thousand VND per tael in both buying and selling compared to yesterday's closing price.

Similarly, Doji Gold and Gemstone Group early this morning also raised the buying and selling price of 9999 gold rings to 86-87.5 million VND/tael, an increase of 250 thousand VND per tael for buying and 300 thousand VND per tael more expensive for selling compared to yesterday's closing price.

Buy (VND/tael) Increase/decrease Sell (VND/tael) Increase/decrease
SJC 86,000,000 +800,000 87,700,000 +800,000
Doji 86,200,000 +450,000 87,700,000 +500,000

        SJC and Doji gold ring price list updated afternoon of January 22

Opening the trading session on January 22 , the price of SJC 9999 gold increased by 500 thousand VND/tael in both buying and selling compared to the closing session yesterday, up to 86-88 million VND/tael (buying - selling).

The price of 9999 gold was listed by Saigon Jewelry Company Limited (SJC) at 14:24 and the price of 9999 gold was listed by Doji Jewelry Group at 14:09 as follows:

Buy (VND/tael) Increase/decrease Sell (VND/tael) Increase/decrease
SJC HCMC 86,200,000 +700,000 88,200,000 +700,000
Doji Hanoi 86,200,000 +700,000 88,200,000 +700,000
Doji HCMC 86,200,000 +700,000 88,200,000 +700,000

                          SJC and Doji gold bar price list updated on the afternoon of January 22

The central exchange rate on January 22 announced by the State Bank was 24,332 VND/USD, down 4 VND compared to the previous trading session. The USD price at commercial banks this morning (January 22) was commonly listed at 25,060 VND/USD (buy) and 25,450 VND/USD (sell).

At 8:37 a.m. today (January 22, Vietnam time) , the world spot gold price was at 2,746.5 USD/ounce, up 30.5 USD/ounce compared to last night. The price of gold futures for February 2025 on the Comex New York floor was at 2,762 USD/ounce.

On the morning of January 22 , the world gold price converted to USD bank price was over 85.1 million VND/tael, including tax and fees, about 2.9 million VND/tael lower than the domestic gold price.

As of 6 p.m. on January 21 (Vietnam time), the spot gold price today on the world market was at $2,716/ounce. Gold for February 2025 delivery on the Comex New York floor was at $2,725/ounce.

The world gold price on the night of January 21 was about 31.7% higher (653 USD/ounce) than at the beginning of 2024. The world gold price converted to the bank USD price was VND 84.1 million/tael, including taxes and fees, about VND 3.4 million/tael lower than the domestic gold price as of the end of the afternoon of January 21.

Gold prices on the international market increased sharply, reaching a two-and-a-half month high, then fell rapidly following signals and policy expectations from the new White House owner - Donald Trump.

Gold rose sharply in both Asian and European markets as the US dollar reversed course and fell rapidly. The DXY index fell more than 0.6% to 108.6 points.

Investors are concerned that Mr. Trump's policy changes will destabilize the US and world economies, causing money to flow into precious metals.

Immediately after his inauguration, Mr. Trump signed about 100 executive orders on his first day in office, including many important policies related to energy, immigration, domestic taxes and import taxes.

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World gold prices skyrocketed and then quickly fell. Photo: HH

At the same time, the new owner of the White House signed decrees imposing a 25% tax on all products exported to the US market from Canada and Mexico...

This information immediately made investors worried that the US economy could be negatively affected, thereby weakening the USD and increasing the price of gold. Many people were worried that inflation would escalate.

However, Mr. Trump's decision to postpone announcing tariffs specifically for China on his first day in office, along with delaying the ban on TikTok in the US for another 75 days... has caused investors to re-evaluate Mr. Trump's policy signals.

Previously, Mr. Trump announced that he would impose a tax of up to 60% on imported goods from China. With this tax rate, the US-China trade war is predicted to be very fierce.

Gold prices also fell as investors bet that the US Federal Reserve (Fed) would be cautious in lowering interest rates.

Domestically, gold prices increased sharply on January 21. Gold bars at SJC and Doji closed at VND85.5-87.5 million/tael (buy-sell), an increase of VND600,000 in both buying and selling compared to the previous session.

SJC's 1-5 chi gold rings were listed at VND85.2-86.9 million/tael (buy - sell), up VND600,000 in both directions; meanwhile, 9999 gold rings at Doji were at VND85.75-87.2 million/tael, up VND1.35 million/tael for buying and VND1.2 million/tael more expensive for selling compared to the previous trading session.

Gold Price Forecast

Gold is expected to fluctuate strongly due to President Donald Trump's unexpected policies. But overall, the general trend of gold is still considered to be upward in the context that the US under Trump is expected to continue to increase money pumping to stimulate the economy.

Gold price fluctuations also depend on the geopolitical situation in many hot spots around the world such as the Middle East, Ukraine...

Previously, many forecasts said that geopolitical tensions would decrease under Mr. Trump, thereby causing gold prices to fall. In his inaugural speech, Mr. Trump declared that he would stop wars and bring a new spirit of solidarity to the world.

In the Middle East, Israel and Hamas in the Gaza Strip completed the first exchange of hostages and prisoners under the first phase of a ceasefire agreement. However, the outlook for the region remains unpredictable due to the complexity of the land.

As for Russia and Ukraine, Mr. Trump did not mention it in his inaugural speech, even though during the election campaign, he promised to end this conflict within 24 hours.

Gold prices are also expected to fluctuate strongly when the Trump administration makes moves on tariffs against China.

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