Vietnamese Gold Prices Stable as World Prices See Slight Rise

The Saigon Jewelry Company (SJC) listed gold bars at 137-141 million VND/ounce, remaining stable in both directions compared to yesterday. The buying and selling price difference remained at 4 million VND/ounce.

Similarly, DOJI Group and Phu Nhuan Jewelry Company (PNJ) also listed gold bars at the same price range, with no changes from yesterday's prices.

The SJC's gold ring prices are as follows: Bao Tin Minh Chau brand listed gold rings at 138.3 - 142.3 million VND/ounce, while Saigon Jewelry Company listed them at 136.5 - 140.5 million VND/ounce. DOJI Group listed 9999 Hung Thinh Vuong round gold rings at 137 - 141 million VND/ounce.

World gold prices rose slightly, according to Kitco News, with a price of $4,069.2 per ounce, an increase of $27.4 per ounce (0.68%). This translates to approximately 127.2 million VND per tael (excluding taxes and fees), making the SJC's gold bars about 14 million VND per tael higher than the international price.

Marc Chandler, Managing Director of Bannockburn Global Forex, believes that gold has not yet shown clear upward momentum, with prices fluctuating between $3,996 and $4,116 per ounce last week. On the other hand, Sean Lusk, co-director of commercial risk hedging at Walsh Trading, expects seasonal factors to support gold prices higher in the coming weeks.