At the end of today, January 23, the world gold price dropped to 2,738 USD/ounce, while the domestic gold price increased by 100,000 VND/tael.
Compared to the converted world gold price, the price of SJC gold bars is 4.26 million VND/tael higher, while the price of gold rings is 3.96 million VND/tael higher - Photo: NGOC PHUONG
Gold ring and gold bar prices both increased
At 7:30 p.m., the world gold price recovered slightly, reaching 2,746.5 USD/ounce. Converted according to the exchange rate listed at the bank, the world gold price is equivalent to 83.84 million VND/tael.
Meanwhile, today SJC Company increased the selling price of gold bars by 100,000 VND/tael, to 88.1 million VND/tael.
The buying price also increased accordingly, to 86.1 million VND/tael. Thus, in just the past two days, the price of SJC gold bars has increased by more than 1 million VND/tael.
Other gold companies also increased the selling price of SJC gold bars to VND88 million/tael after SJC Company adjusted the price.
Notably, the price of 9999 gold rings increased more strongly, up to 300,000 VND/tael, from 87.5 million VND/tael to 87.8 million VND/tael, buying at 86.1 million VND/tael. Thus, the current buying price of 9999 gold rings is as high as the price of SJC gold bars.
Bao Tin Minh Chau Company is listing the selling price of gold rings at 88.05 million VND/tael, an increase of 100,000 VND/tael compared to yesterday. The buying price is at 86.4 million VND/tael.
Compared to the converted world gold price, the price of SJC gold bars is 4.26 million VND/tael higher, while the price of gold rings is 3.96 million VND/tael higher.
Previously, world gold prices rose to their highest level in the past two months after the US dollar weakened, and demand for risk prevention increased after Donald Trump officially took office as US president.
At the end of the year, the demand for buying gold rings increases
Notably, gold prices increased sharply near the God of Wealth Day (January 10), the time when many people buy gold with the belief of praying for good luck at the beginning of the year.
Talking to Tuoi Tre , some gold shop owners said that the demand for buying gold bars has increased recently, because many people tend to convert their savings from the past year into gold. However, this demand is not sudden.
Some analysts say Mr Trump's policies could push up inflation in the US, forcing the Federal Reserve to keep interest rates higher for longer. A high interest rate environment would not be good for gold prices.
In addition, world gold prices will also face profit-taking pressure when prices rise. Please follow the domestic gold price developments here.
Source: https://tuoitre.vn/gia-vang-the-gioi-giam-trong-nuoc-tang-20250123194654612.htm
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