SJC gold bars increased by 3 million VND/tael, 23 million VND more expensive than the world price.

(Dan Tri) - The price of SJC gold bars increased by 3 million VND/tael, and gold rings increased by 2.6 million VND/tael, also the second increase of precious metals after a sharp decrease on October 28.

The price of gold bars closed the session on October 29 up in both buying and selling directions. Units listed the price of SJC gold bars at 146.1-148.1 million VND/tael (buying - selling), an increase of 3 million VND/tael each direction.

In line with the trend of gold bars, the price of gold rings also increased sharply compared to early this morning. SJC listed gold rings at 143.8-146.3 million VND/tael (buy-sell), an increase of 2.6 million VND/tael.

Domestic gold price is 23.1 million VND/tael more expensive than world price

In the world, the price of gold decreased by 31 USD/ounce, currently trading around 3,936 USD/ounce (equivalent to about 125 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees). This price is 23.1 million VND/tael cheaper than the domestic price.

Still, gold prices rose nearly 2% on Wednesday, recovering from a three-week low hit in the previous session, as some short positions were closed ahead of the Fed decision.

Gold has gained 52% year-to-date and hit a record $4,381.21 an ounce on October 20, supported by geopolitical and economic uncertainty, expectations of a Fed rate cut and continued net buying by central banks.

USD exchange rate slightly decreased

The State Bank announced the central exchange rate of the Vietnamese Dong to the USD is currently at 25,091 VND.

The reference USD exchange rate at the State Bank's buying and selling exchange center decreased slightly, currently at: 23,887-26,295 VND.

Source: https://dantri.com.vn/kinh-doanh/vang-mieng-sjc-tang-3-trieu-dongluong-dat-hon-the-gioi-23-trieu-dong-20251030070612929.htm