Editor’s Note
This article reports on a significant surge in the price of SJC-branded gold in early 2025. The figures and data presented are based on market information available at the time of writing.
The price of SJC-branded gold has surged by 2.6 million dong (approximately $102.5) per tael since the beginning of 2025.
During the weekend trading session, prices were quoted at 84.8 million dong for buying and 86.8 million dong for selling per tael, compared to 82.2 million dong and 84.2 million dong per tael respectively in the session on January 1st. This level is expected to be maintained throughout this week.
Domestic gold prices have now experienced four consecutive strong increases.
Gold bars were priced at 86.8 million dong per tael at companies such as Saigon Jewelry Company (SJC), Bao Tin Minh Chau Jewelry and Precious Stones Co., Ltd., Doji Group, and Phu Quy Gold Investment Joint Stock Company.
Alongside this upward trend, the prices of gold rings increased by about 400,000 to 500,000 dong per tael. On January 12th, Bao Tin Minh Chau quoted its Thang Long Dragon gold rings at 85.5 million dong for buying and 86.9 million dong for selling per tael. This represents an increase of 400,000 dong per tael for buying and 500,000 dong per tael for selling compared to the morning of January 11th. The buy-sell price spread is 1.4 million dong per tael.
Domestic gold prices have now experienced four consecutive strong increases, pushing the prices of gold bars and jewelry to their highest levels in one month.
Globally, gold ended the week on an upward trajectory, gaining about 2%. The global gold price reached $2,690 per ounce, equivalent to 84.42 million dong per tael (including taxes and fees). This represents an increase of 1.46 million dong per tael compared to the previous week.
Gold prices have increased despite downward pressure from rising US Treasury yields and the continued strengthening of the US dollar.