Gold prices today, January 23, 2026: Global prices cool down, SJC gold price drops by more than 1 million VND/ounce.

Gold prices today, January 23, 2026, fell slightly following signals of easing tariff tensions from the US, but still maintained support above the $4,800/ounce mark. SJC gold bars decreased by 1.2 million VND to 169.3 million VND/ounce.

World gold prices today, January 23, 2026

At 9 PM on January 22nd (Vietnam time), the spot gold price on the international market was $4,819 per ounce, a slight decrease of 0.24% during the session. Gold futures for February 2026 on the Comex New York exchange were trading at $4,810 per ounce.

World gold prices edged lower in early US trading after news that US President Donald Trump had temporarily withdrawn plans to impose tariffs on European countries over the Greenland issue.

Global markets breathed a sigh of relief following Trump's statement. Speaking at the World Economic Forum (WEF) in Davos, Switzerland, after meeting with NATO Secretary General Mark Rutte, Trump said the parties had reached a "framework for a future agreement." While he didn't release details, this information was enough to ease geopolitical concerns in the markets.

Global stock markets rallied across the board, while gold prices faced downward pressure. The US dollar and US bond yields also stabilized. The USD Index edged lower, while the yield on 10-year US Treasury bonds remained around 4.24%.

Domestic gold prices fall. Photo: M. Hien

Amid easing geopolitical tensions, gold prices may become more sensitive to better-than-expected labor market data. Weekly jobless claims continue to suggest the US economy remains relatively strong.

The U.S. Department of Labor reported that initial state jobless claims rose by 1,000 to a seasonally adjusted 200,000 for the week ending January 17. This figure was significantly better than market expectations; consensus estimates had predicted a rise to 209,000. The previous week's figure was also slightly revised upward to 199,000.

Domestic gold prices today, January 22, 2026

On January 22nd, the price of SJC gold bars closed at 167.3-169.3 million VND/ounce (buying price - selling price), a decrease of 1.2 million VND/ounce in both buying and selling prices compared to the close of yesterday's trading session.

The price of SJC gold rings (1-5 tael) closed at 165.2-167.7 million VND/tael (buy - sell), down 700,000 VND/tael in the buying price and down 800,000 VND/tael in the selling price compared to the closing price of yesterday's trading session.

The price of 9999 gold rings at Doji was adjusted down by 500,000 VND/ounce for both buying and selling compared to yesterday's closing price, closing at 164.5-167.5 million VND/ounce (buy - sell).

Meanwhile, the price of plain gold rings at Bao Tin Minh Chau decreased by 700,000 VND/ounce in both buying and selling prices compared to yesterday's closing price, ending the session at 166.3-169.3 million VND/ounce (buying price - selling price).

Gold price forecast

Ryan McIntyre, senior managing partner at Sprott Inc (one of the world's largest precious metals investment firms), argues that institutional capital flows are still stuck in the orientation phase. Large institutions are not yet ready to move to actual capital allocation. Many firms no longer have in-house gold analysis teams.

Therefore, even though gold prices have risen sharply—a rise sufficient to trigger large capital flows into any other asset class—gold remains only in the research and evaluation phase.

McIntyre believes this indifference will not last. Instability in the stock market, coupled with increasing risks in the bond market due to ballooning public debt and persistent inflation, will force institutional investors to seek gold as an alternative safe-haven asset. McIntyre believes gold will continue to outperform stocks and bonds in the near future.

David Wilson, Director of Commodity Strategy at BNP Paribas, believes that new geopolitical uncertainties are the main driver behind the sharp rise in gold prices, pushing the precious metal faster than expected towards the $5,000/ounce mark. According to Wilson, gold always benefits from an uncertain environment, and currently almost all the factors supporting gold prices are converging.

Mr. Wilson stated that BNP Paribas had predicted late last year that gold would reach $5,000 per ounce, and with the current price around $4,700, this target is not far off. Given the strong and sustained upward trend in the market, BNP Paribas is considering raising its gold price forecast, because if gold surpasses and holds above $5,000 per ounce, there is still ample room for further gains.

Source: https://vietnamnet.vn/gia-vang-hom-nay-23-1-2026-the-gioi-ha-nhiet-sjc-giam-hon-1-trieu-dong-luong-2484331.html