Từ khóa: #SJC

The price of gold in Vietnam has seen an almost VND500,000 per tael increase compared to yesterday, driven by a rebound in the global gold price.

Although world gold prices have dropped to nearly US$2,000 an ounce, the price of gold in Vietnam increased by VND150,000-VND300,000 per tael compared to the previous day on April 17.

On March 22, the price of gold in Vietnam experienced a decline of VND300,000 per tael (1.2 ounces), retreating to near VND67 million per tael due to a sharp drop in the global gold price.

The price of gold in Vietnam climbed by VND350,000 per tael (1.2 ounces) on March 18 as the global bullion price jumped sharply, approaching US$2,000 an ounce. 

On March 17, the price of gold in Vietnam exceeded VND67 million per tael (1.2 ounces), backed by the increasing world gold price.

Gold is currently attracting money seeking a safe haven amidst concerns about financial instability among investors worldwide.

The price of gold in Vietnam declined on February 8 as global bullion prices plummeted after Jerome Powell, Chairman of the US Federal Reserve (Fed), sent a message that interest rates may increase further in the future to curb inflation.

From the early morning of January 31, the day of the God of Fortune (the 10th day of the first month in the lunar calendar), many large gold stores in Ho Chi Minh City busily welcomed customers who bought gold for luck.

After the US Federal Reserve (FED) announced to raise the benchmark interest rate by 75 basis points, or 0.75 percentage points, to 3.75-4 percent per annum as expected, gold, stocks, and US dollars at banks fell on November 3. Only the US dollar price on the free market jumped sharply.

The Saigon Jewelry Company Limited (SJC) has been raising the domestic gold bar prices at a much higher rate to that of gold prices in the world market. 

After declining by VND1.3 million per tael the previous day, the price of gold in Vietnam continued to drop by VND1-1.4 million per tael to VND63.5 million per tael on September 28, following the losing momentum of the global gold price.

The price of gold in Vietnam plunged sharply on September 27 as global gold prices hit the lowest level in the past three years.

The domestic gold price decreased by nearly VND1.5 million per tael (1.2 ounces) on the morning of July 21 as the global gold price dropped sharply, falling off the mark of US$1,700 an ounce.

The price of SJC gold in Vietnam made a U-turn, climbing to more than VND66 million per tael (1.2 ounces) while the global gold price moved inversely, so SJC gold is currently nearly VND18 million per tael higher than the global gold price.

Due to the unusual fluctuations in gold prices, gold trading enterprises expanded the gap between buying and selling prices to nearly VND2.6 million per tael (1.2 ounces) on July 19.

While the price of SJC gold on July 15 is more than VND20 million per tael (1.2 ounces) higher than the global gold price, other 9999-gold rings are currently VND15-16 million per tael lower than that of SJC gold bars which are also 9999 gold.

The current Russia-Ukraine war, along with rising global inflation, has pushed the price of gold to an all-time high.

The price of gold in Vietnam jumped to nearly VND73 million per tael (1.2 ounces) as the global bullion price continued to advance further on March 7.

The global bullion price jumped, sending the domestic gold price up sharply on March 4, to nearly VND68 million per tael (1.2 ounces).

Vietnam's stock market was positive thanks to banking stocks, sending the VN-Index to over 1,500 points after gaining nearly 16 points.