In recent days, the global gold market has witnessed a strong surge. The price of gold worldwide has reached a record high of $4,983 per ounce. Following this global trend, domestic gold prices have also risen rapidly. At domestic brands such as Bao Tin Minh Chau, SJC, Bao Tin Manh Hai, Doji , etc., the price of gold bars on January 24th was 174.3 million VND/ounce and gold rings were 173 million VND/ounce.
According to observations during the closing trading session on January 24th, the price of 9999 gold rings at many private gold shops in Ha Tinh was listed at 15.9 – 16 million VND/tael for selling and 15.8 – 15.9 million VND/tael for buying. According to shop owners, gold prices have started to surge in the past week. This price increase has revitalized the market for this precious metal after a relatively long period of price declines and stagnation.
Observations at many gold and silver shops show a sharp increase in the number of people coming to trade in the last 3-4 days, with the majority being investors selling to lock in profits.
Ms. Le Thi Ha, owner of Viet Ha gold shop (Thanh Sen ward), said: "The increase in world gold prices has led to a corresponding increase in domestic gold prices. This has resulted in more active trading, especially with a large number of customers coming to take profits. On the buying side, customers are currently quite cautious, no longer as excited as during previous gold rushes."
According to many investors, given the sharp increase in gold prices amidst complex geopolitical situations, they are taking advantage of the high prices to sell in order to protect profits and limit the risk of future corrections.
Ms. Hai Hoa (from Co Dam commune) shared: “Because I needed a large sum of money, I just sold 29 taels of gold at 15,870,000 VND per tael. I had been saving up this gold since June 2025, buying it at various prices, including at one point when it was over 15 million VND per tael. The price of gold increased sharply just when I needed to sell it, so I'm very happy to have made a profit of over 50 million VND.”
Notably, many investors are delighted that the sharp rise in gold prices has helped them "break even" after months of buying at high prices in October 2025. Previously, when gold prices fluctuated sharply and then fell deeply, many people suffered losses and had to "hold onto their gold" waiting for a recovery.
Ms. Hoang Nga (Thanh Sen ward) shared: “In October 2025, I bought gold at 15,350 VND/tael. For more than two months, the price of gold dropped sharply and mainly stayed stable around 14-14.8 million VND/tael, making the gold market quiet. Fortunately, for about a week now, the price of gold has fluctuated and increased sharply, so I finally broke even after a long period of holding gold at high prices.”
Not only gold, but silver has also recorded record high prices in recent days. Currently, the selling price of Phu Quy silver is 106.7 million VND/kg and the buying price is 103.5 million VND/kg. At this price, many investors have made large profits.
“I bought 3kg of silver at the beginning of October 2025 for nearly 50 million VND/kg. Seeing the price increase in the past few days, I decided to take profit at 103 million VND/kg, earning a profit of nearly 160 million VND,” said Mr. NHK (Thach Ha commune).
The surge in precious metal prices has brought many investors back to shore after a long period of buying at the peak. While relieved to have exited their positions, many small-scale investors have also learned a lesson about gold investment after the October 2025 "fever." Many believe that the FOMO (fear of missing out) mentality at that time led to a massive rush of gold purchases, driving up private gold prices and creating a huge difference of up to 20 million VND/ounce compared to world prices – the highest difference ever recorded.
Subsequently, this price difference gradually narrowed, so that even when world gold prices surpassed their October 2025 peak (the highest price in October was $4,381/ounce), domestic gold prices remained lower than during that "boom" period. According to jewelers and many investors, the current close proximity of domestic gold prices to world prices creates greater stability and security for the gold market. However, many buyers also believe that the domestic gold market is currently being "suppressed," creating a paradoxical situation where gold prices are lower than they were in October 2025.
According to analysts, the recent rise in gold prices has been influenced by several factors, including global economic fluctuations, monetary policy, and investors' desire for safe-haven assets. In particular, geopolitical tensions surrounding Greenland have motivated investors to continue seeking gold as a "safe haven." Furthermore, the weakening US dollar and expectations of further interest rate cuts by the Federal Reserve (Fed) have also contributed to the upward trend in the precious metals market.
Experts advise that people and investors need to be cautious and carefully consider their buying and selling strategies, avoiding the herd mentality when prices have reached record highs. In the context of a volatile and unpredictable market, gold remains an attractive investment channel but also carries significant risks, requiring investors to closely monitor developments and manage risks appropriately.
Source: https://baohatinh.vn/gia-vang-tang-vot-nhieu-nha-dau-tu-phan-khoi-ve-bo-post304597.html
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