Gold price increased sharply

On the morning of February 3, Saigon Jewelry Company (SJC) listed the price of gold rings at 87 - 88.7 million VND per tael, 700,000 VND higher than before Tet. Meanwhile, at DOJI Jewelry Group, plain rings increased to 87.6 - 89 million VND per tael. Phu Nhuan Jewelry Company (PNJ) announced the price of plain rings at 87 - 88.7 million VND.

At the same time, the price of gold bars at SJC also increased to 87.3 - 89.3 million VND, an increase of 500,000 VND per tael compared to before the Lunar New Year holiday. State-owned banks also raised the selling price of gold bars to the market to 89.3 million VND per tael.

Domestic gold prices increased in the context of precious metals on the international market increasing sharply in recent days and setting new records.

In the international market, the price of precious metals suddenly broke the old peak of last year, at one point reaching 2,820 USD/ounce. Although it has cooled down and closed the week at 2,801 USD/ounce, investors and experts believe that the price of gold will continue to increase strongly due to the threat of tariffs from the US and the instability it brings.

Converted according to Vietcombank's selling rate, the world gold price this morning is equivalent to 85.4 million VND per tael. The difference between domestic and world gold prices is currently around 3.5 - 4 million VND per tael.

This morning, the domestic USD price also increased sharply. Vietcombank raised the USD buying and selling price to 25,090 - 25,480 VND, an increase of 180 VND compared to before Tet. The US dollar price on the black market is trading around 24,450 - 25,550 VND.