Gold price hits record high of 128 million VND/tael for the first time

Domestic gold prices continued to rise this morning, increasing by 300,000 VND/tael, reaching a record high of 128 million VND/tael for the first time.

This development originated from the international market. Early this morning, the price of gold on the international market was trading at 3,392 USD/ounce, up 26 USD compared to the lowest level in the trading session last night, and compared to the same time the day before, it "increased" 30 USD/ounce.

World gold prices are rising as investors increase purchases to secure assets.

Gold prices continue to rise. Photo: HT

At nearly 9:00 a.m., the price of precious metals was 3,385.2 USD/ounce, converted to be about 20.7 million VND/tael lower than the domestic gold price.

In the domestic market, opening, Saigon Jewelry Company Limited listed the price of gold rings type 1-5 only at 119.9 million VND/tael (buy) - 122.4 million VND/tael (sell), an increase of 300,000 VND/tael each way compared to the end of yesterday.

Phu Quy Group set the price at 119.4 million VND/tael (buy) - 122.4 million VND/tael (sell) instead of the previous 119.2 million VND/tael (buy) - 122.2 million VND/tael (sell).

For gold bars, gold trading enterprises listed the price at 126 million VND/tael (buy) - 128 million VND/tael (sell), 300,000 VND/tael higher than the end of the previous day each way.

The buying-selling price range is commonly set by businesses at 2-3 million VND/tael.

Previously, on August 26, the price of SJC gold bars increased by 600,000 VND/tael each way, reaching a new peak of 126.1 million VND/tael (buy) - 127.7 million VND/tael (sell).

Regarding the gold market, on August 26, the Government issued Decree No. 232/2025/ND-CP supplementing a number of articles of Decree No. 24/2012/ND-CP dated April 3, 2012 of the Government on the management of gold trading activities. Notably, the mechanism of the State's monopoly on the production of gold bars, the export of raw gold and the import of raw gold to produce gold bars has been abolished; gold trading from 20 million VND/day or more must be paid through a bank account...

Source: https://hanoimoi.vn/gia-vang-lan-dau-cham-moc-ky-luc-128-trieu-dong-luong-714129.html