At the end of the session on January 9 , the price of gold bars at SJC closed at 84.5-86 million VND/tael (buy - sell), an increase of 500 thousand VND per tael in both buying and selling compared to the end of yesterday's session.
At the end of the session, the price of SJC gold rings of 1-5 chi was listed at 84.5-85.8 million VND/tael (buy - sell), an increase of 500 thousand VND per tael in both buying and selling compared to the end of yesterday's trading session.
The price of 9999 gold rings at Doji closed the session at 84.8-85.6 million VND/tael, an increase of 300 thousand VND per tael in both buying and selling compared to yesterday's closing price.
This afternoon , the world gold price was adjusted up. At 5:06 p.m. today (January 9, Vietnam time), the world spot gold price was at 2,662.7 USD/ounce, up 3.7 USD/ounce compared to early this morning.
Meanwhile, domestic gold prices fluctuated little this afternoon.
Domestic gold ring prices this morning were adjusted to increase sharply by brands.
Opening the trading session , Saigon Jewelry Company (SJC) listed the price of gold rings of type 1-5 at only 84.5-85.8 million VND/tael (buy - sell), an increase of 500 thousand VND per tael in both buying and selling compared to the end of yesterday's trading session.
Similarly, Doji Gold and Gemstone Group early this morning also raised the price of 9999 gold rings by 300,000 VND per tael in both buying and selling compared to the end of yesterday's trading session, trading at 84.8-86 million VND/tael (buying - selling).
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC | 84,500,000 | + 500,000 | 85,800,000 | + 500,000 |
| Doji | 84,800,000 | + 300,000 | 86,000,000 | + 300,000 |
SJC and Doji gold ring price list updated on the morning of January 9
Opening the trading session on January 9 , the price of SJC 9999 gold increased by 500 thousand VND per tael in both buying and selling compared to the closing price of yesterday's trading session, up to 84.5-86 million VND/tael (buying - selling).
The price of 9999 gold was listed by Saigon Jewelry Company Limited (SJC) at 8:31 a.m. and the price of 9999 gold was listed by Doji Jewelry Group at 8:39 a.m. as follows:
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC HCMC | 84,500,000 | + 500,000 | 86,000,000 | + 500,000 |
| Doji Hanoi | 84,500,000 | + 500,000 | 86,000,000 | + 500,000 |
| Doji HCMC | 84,500,000 | + 500,000 | 86,000,000 | + 500,000 |
SJC and Doji gold bar price list updated on the morning of January 9
The central exchange rate on January 9 announced by the State Bank was 24,338 VND/USD, an increase of 8 VND compared to the previous trading session. The USD price at commercial banks this morning (January 9) was commonly listed at 25,164 VND/USD (buy) and 25,554 VND/USD (sell).
At 8:35 a.m. today (January 9, Vietnam time) , the world spot gold price was at 2,659 USD/ounce, up 1 USD/ounce compared to last night. The price of gold futures for February 2025 on the Comex New York floor was at 2,677 USD/ounce.
On the morning of January 9 , the world gold price converted to USD bank price was over 82.7 million VND/tael, including tax and fees, about 3.3 million VND/tael lower than the domestic gold price.
In the world, at 8:00 p.m. on January 8 (Vietnam time), the spot gold price today on the world market was at 2,658 USD/ounce. Gold for February 2025 delivery on the Comex New York floor was at 2,667 USD/ounce.
The world gold price on the night of January 8 was about 28.8% higher (595 USD/ounce) than at the beginning of 2024. The world gold price converted to the bank USD price was VND 82.6 million/tael, including taxes and fees, about VND 2.9 million/tael lower than the domestic gold price as of the end of the afternoon session on January 8.
Gold held steady after rising sharply in the previous session amid President-elect Donald Trump’s insistence that U.S. interest rates need to fall further and China’s second consecutive month of gold purchases.
Gold’s rally eased slightly after the Institute for Supply Management (ISM) released a report showing that prices in the service sector are heating up. Accordingly, the ISM service sector price index increased sharply from 58.2 points in the previous month to 64.4 points in December.
Inflation in the US has recently been forecast to increase again, making the US Federal Reserve (Fed) more cautious with the ongoing interest rate cut cycle.
The stronger USD has put pressure on gold. The DXY index jumped from 108.15 points at the same time of the previous session to 109.24 points.
In the domestic market, at the end of the trading session on January 8, the price of 9999 gold bars at SJC and Doji was listed at 84-85.5 million VND/tael (buy - sell), an increase of 200,000 VND compared to the previous session.
SJC announced the price of gold rings of type 1-5 at only 84-85.3 million VND/tael (buy - sell). Doji listed the price of 9999 smooth round gold rings at 84.5-85.7 million VND/tael (buy - sell), also slightly increasing by 100,000-300,000 VND/tael compared to the previous session.
Thus, the price of plain round gold rings continues to be higher than the price of SJC gold bars.
Gold Price Forecast
Although gold is under pressure from a stronger USD and rising US bond yields, it is unlikely that the greenback will increase sharply. This also means that world gold prices may rise even higher.
In a press conference at Mar-a-Lago, President-elect Donald Trump said that interest rates in the US are currently too high and need to be cut sharply. This is a pressure on the USD.
Investors are now waiting for the minutes of the Federal Open Market Committee (FOMC) meeting at its December meeting to look for clues on the interest rate path and comments from policymakers.
In the short term, gold still tends to attract cash flow despite negative pressure from the strong USD. Cash flow shows signs of caution with the US stock market and the cryptocurrency market. The US stock market has recently experienced many sharp declines. Bitcoin is moving away from the $100,000 threshold. At 8:20 p.m. on January 8, BTC was at $95,189.
Instability in financial markets is expected to prompt central banks to increase their gold holdings.
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