Vietnamese Gold Prices Rebound as World Prices Rise

The prices of gold bars and rings in Vietnam have rebounded according to recent market data. As of 9:00 AM, Saigon SJC Jewelry Company listed SJC gold bar prices at 144-147 million VND/tael (buying - selling), reversing a 1.2 million VND/tael increase in both directions compared to the previous closing session.

The buying - selling difference is at 3 million VND/tael. Similarly, DOJI listed SJC gold prices at 144-147 million VND/tael (buying - selling), reversing a 1.5 million VND/tael increase on the buying side and 500,000 VND/tael on the selling side compared to the closing session yesterday.

The world gold price as of 9:15 am is listed at the threshold of 4,349.5 USD/ounce, up 8.8 USD/ounce. The Fed's decision to raise interest rates on September 16 has put pressure on gold prices due to the medium-term interest rate environment.