The price of SJC gold bars and gold rings both increased by more than 1 million VND per tael.

The world spot gold price at 5:54 this morning, November 20 (Hanoi time) was trading at over 2,632 USD/ounce, up over 20 USD/ounce compared to the same time yesterday morning.

On November 19, in the domestic market, the price of SJC gold bars and rings increased sharply compared to the previous session. Specifically, the price of SJC gold at Doji Group in Hanoi and Ho Chi Minh City was around 82 - 85 million VND/tael (buy - sell), a sharp increase of 1 million VND/tael for both buying and selling compared to the previous session. The difference between buying and selling was at 3 million VND/tael.

SJC gold price at Bao Tin Minh Chau Company stood at 83 - 85 million VND/tael (buy - sell), a sharp increase of 1.8 million VND/tael for buying and 1 million VND/tael for selling compared to the previous session. The difference between buying and selling was 2 million VND.

The price of SJC gold bars at Phu Quy Company is around 82.3 - 85 million VND/tael (buy - sell), a sharp increase of 1.1 million VND/tael for buying and 1 million VND/tael for selling compared to the previous session. The difference between buying and selling is 2.7 million VND/tael.

The price of Thang Long Dragon round gold rings at Bao Tin Minh Chau Company stood at 83.88 - 84.78 million VND/tael (buy - sell), a sharp increase of 1.65 million VND/tael for buying and 1.1 million VND/tael for selling compared to the previous closing price. The difference between buying and selling prices was 900,000 VND.

Doji Hung Thinh Vuong 9999 gold ring of Doji Group in Hanoi market stood at 83.8 - 84.8 million VND/tael, a sharp increase of 1.4 million VND/tael for buying and 1.1 million VND/tael for selling compared to the previous session. The difference between buying and selling was 1 million VND/tael.

The price of 999.9 round smooth gold rings at Phu Quy Company is around 83.2 - 84.8 million VND/tael, a sharp increase of 1.4 million VND/tael for buying and 1.3 million VND/tael for selling compared to the previous session. The difference between buying and selling is 1.6 million VND.

Gold prices rose sharply last night and early this morning due to escalating tensions in the Russia-Ukraine region that remain “hot.” ​​On November 19, Ukrainian President Volodymyr Zelensky said 2025 would be a decisive year for the Russia-Ukraine conflict and affirmed that the country would not give in.

Investors and experts are concerned that the war will escalate to the European region if Ukraine continues to use long-range missiles to attack Russia.

Meanwhile, the US economy continues to show weakness as low new home construction continues to push up home prices.

This will make inflation in the US still difficult to control. The escalation of the war and the possibility of inflation rising again when the conflict becomes more tense have caused investors to increase their purchases of gold to hedge against risks as well as seek profits from the precious metal.