Vietnamese Gold Prices Surge as Global Market Hits New High

Gold prices in Vietnam rose significantly on August 24th, with SJC gold bars increasing by up to 3.4 million VND/tael. According to Phu Quy Gold and Gems Group, SJC gold bar prices were listed at 146-149 million VND/tael (buying - selling), an increase of 1.4 million VND/tael in both buying and selling directions.

The difference between buying and selling was at 3 million VND/tael, with DOJI listing SJC gold bar prices at the same range as Phu Quy.

Meanwhile, Bao Tin Minh Chau listed SJC gold bar prices at the threshold of 147.5-151.5 million VND/tael (buying - selling), an increase of 3.4 million VND/tael in both buying and selling directions. The difference between buying and selling was at 4 million VND/tael.

On the global market, world gold prices were listed around the threshold of $4,653.6 per ounce, up 51.2 USD. Analysts expect gold prices to continue rising due to the weakening of the US dollar and expectations for monetary policy changes from the US Federal Reserve.