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Domestic gold prices climb

This morning (May 26), the world gold price turned down. The domestic gold price remained stable but still anchored high at 121 million VND/tael for SJC gold bars.

Báo Yên BáiBáo Yên Bái26/05/2025

Saigon Jewelry Company listed the price of SJC gold bars at 119 - 121 million VND/tael for buying and selling, unchanged from yesterday morning.

Phu Quy Gold and Gemstone Group listed the price of SJC gold bars at 118 - 121 million VND/tael.

Many other gold trading businesses also kept the listed selling price of SJC gold bars at 121 million VND/tael.

The price of gold rings also remained the same as yesterday. Specifically, Bao Tin Minh Chau Company Limited listed the price of gold rings at 115.5 - 118.5 million VND/tael for buying and selling; Phu Quy Gold and Gemstone Group listed the price of gold rings at 113 - 116 million VND/tael.

At the same time, the world gold price was listed at 3,344 USD/ounce, down 24 USD/ounce compared to yesterday morning. Currently, the price of SJC gold bars is about 15 million VND/tael higher than the world price.

Many opinions say that world gold prices will decrease in the short term when trade tensions subside.

Domestic gold prices will decrease due to many factors. In addition to the world price impact, the State Bank is currently inspecting gold trading units and studying to amend Decree 24 on gold market management. Accordingly, the goal is to reduce domestic gold prices to be closer to the world price as well as increase supply to the market.

In the currency market, this morning the State Bank listed the central exchange rate at 24,960 VND/USD.

Reference exchange rate at the State Bank's transaction office for buying and selling is: 23,762 VND - 26,158 VND.

USD price at Vietcombank: 25,740 - 26,130 VND/USD buy - sell; Vietinbank: 25,115 - 25,425 VND/USD; BIDV : 25,775 - 26,135 VND/USD.

The USD price on the free market is trading around 26,280 - 26,380 VND/USD for buying and selling.

(According to TPO)

Source: https://baoyenbai.com.vn/12/350728/Gia-vang-tr111ng-nuoc-leo-cao.aspx


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