World gold price increases, domestic price exceeds 140 million VND/tael

(Dan Tri) - Since the beginning of the year, world gold prices have increased by nearly 50%, supported by strong buying power from central banks, increased demand from ETF funds, a weakening USD and widespread geopolitical instability.

The price of SJC gold bars is currently listed at 138.1-140.1 million VND/tael (buy - sell), an increase of 1.5 million VND/tael.

Ring gold traded around 134.3-137.5 million VND/tael (buy - sell), up 1.9 million VND/tael each way.

In the international market, spot gold prices continued to stay high, fluctuating in the new peak range of more than 3,900 USD/ounce.

Analysts say the situation in the US is an important "catalyst" pushing up demand for gold. Lukman Otunuga, an expert at FXTM, said demand for gold is being strongly stimulated by the US government shutdown.

Sharing the same view, independent analyst Ross Norman said that, in addition to the fear of missing out (FOMO), many investors believe that gold is becoming a "financial lifebuoy" in turbulent times.

Gold prices have risen nearly 50% since the start of the year, supported by strong buying from central banks, increased demand from ETFs, a weakening US dollar and widespread geopolitical uncertainty.

The World Gold Council report also found that 95% of central banks surveyed plan to increase their gold reserves in the next 12 months, with none planning to sell. This is the highest level since 2018.

In the world, the USD at one point increased by more than 2%, the highest level since August 1. At the end of the session, the greenback still increased by 1.87%, if maintained, this will be the strongest increase in one day since May 12.

The State Bank announced the central exchange rate of the Vietnamese Dong against the USD at 25,146 VND.

Source: https://dantri.com.vn/kinh-doanh/vang-the-gioi-tang-cao-trong-nuoc-vuot-140-trieu-dongluong-20251007065542768.htm