【Vietnam】Market Update January 28, 2026: Global Gold Prices Surge, Gasoline and Oil Prices Rise Sharply

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Editor’s Note

This article reports a uniform increase in domestic gold bar prices among major Vietnamese companies as of January 28. The price movement reflects ongoing volatility in the precious metals market.

[फोटो] पत्तों के रंग बदलने के मौसम में पतझड़ी जंगल की सुंदरता से मंत्रमुग्ध।
Domestic Gold Bar Prices

As trading began on the morning of January 28, major companies uniformly increased the prices of SJC gold bars. Specifically, SJC, PNJ, Doji, and Bao Tin Manh Hieu all set the buying price at 175.3 million VND/tael and the selling price at 177.3 million VND/tael. Compared to yesterday morning, this price has increased by 300,000 VND/tael in both directions.

Bao Tin Minh Chau recorded the highest increase in gold bar prices, reaching up to 800,000 VND per tael, bringing the listed price to 175.3 – 177.3 million VND per tael (buying price – selling price). Meanwhile, Phu Quy SJC maintained a lower trading price compared to the general market, listed at 174.5 – 177 million VND per tael.

According to the morning update on January 28, the price of gold bars in Vietnam is as follows:

थान्ह होआ में गुलदाउदी के फूल तेजी से बिक रहे हैं, कुछ जगहों पर तो प्रतिदिन 1,000 गमले बिक रहे हैं।
दा नांग के शुभंकर का अनावरण कर दिया गया है, जो एक सरपट दौड़ता हुआ घोड़ा है और उस पर 94 कम्यूनों, वार्डों और विशेष क्षेत्रों के नाम अंकित हैं।
Brand Buy (Jan 27 AM) Sell (Jan 27 AM) Buy (Jan 28 AM) Sell (Jan 28 AM) Buy Diff Sell Diff
SJC 175 177 175.3 177.3 +300 +300
Bao Tin Manh Hieu 175 177 175.3 177.3 +300 +300
PNJ 175 177 175.3 177.3 +300 +300
Bao Tin Minh Chau 174.5 176.5 175.3 177.3 +800 +800
Doji 175 177 175.3 177.3 +300 +300
Phu Quy SJC 174.5 177 174.5 177 0 0

Unit: Million VND/tael. Difference: Thousand VND/tael.

Domestic Gold Ring Prices Today

The gold ring segment was the most discussed in today’s market. The price of gold rings from the Bao Tin Minh Chau brand increased by 800,000 VND per tael, reaching 174.3 to 177.3 million VND per tael. With this increase, the selling price of this brand’s gold rings is now officially equal to the price of gold bars.

Similarly, SJC also increased the price of gold rings by 600,000 VND/tael, keeping their price between 174.1 – 176.6 million VND/tael. The Bao Tin Manh Hieu brand reported a buying price of 173.3 million VND/tael for 9999 round gold rings, which is 800,000 VND higher than the previous session. On the other hand, the price of gold rings at Doji, PNJ, and Phu Quy remained stable and the same as yesterday morning, maintaining a selling price around 176 – 176.5 million VND/tael.

Global Gold Prices

In the international market, spot gold prices recorded a sharp increase of $172.3 per ounce compared to the previous session and are currently trading at approximately $5,181.6 per ounce.

“Based on Vietcombank’s exchange rate (excluding taxes and fees), the current global gold price is equivalent to 165 million VND per tael. Thus, the gap between domestic and global gold prices has narrowed, and currently domestic gold is about 8.3 million VND per tael higher than global gold.”

The main reason for the increase in precious metal prices is the rising demand for safe investments amid declining US consumer confidence and geopolitical uncertainties. According to the Conference Board, the US Consumer Confidence Index for January fell to 84.5, significantly lower than forecasts. Additionally, the market is also watching the Federal Reserve’s policy meeting and signals regarding future interest rates.

Global Oil Prices

A strong surge was seen in the global energy market on January 28 due to the combined effects of extreme weather in the US and rising geopolitical tensions.

At market close, Brent crude oil prices increased by $1.98 (3.02%) to $67.57 per barrel. Meanwhile, West Texas Intermediate (WTI) crude oil prices also closed up by $1.76 (2.9%) at $62.39 per barrel.

“The main reason for the increase in oil prices is the historic snowfall in the US, which disrupted production and reportedly reduced output by approximately 2 million barrels per day (15% of total US oil production). Additionally, geopolitical factors such as the US deployment of aircraft carriers in the Middle East and the Trump administration’s tough stance towards Iran have also contributed to supporting the price of ‘black gold’ (oil).”

Furthermore, global supply is tightening as the recovery of the Tengiz oil field (Kazakhstan) after an incident is slower than expected, and OPEC+ is likely to further postpone production increase plans at its meeting scheduled for early February.

Domestic Fuel Prices

The retail prices of petrol and diesel in Vietnam on January 28 are as follows:

  • E5RON92 Gasoline: Not exceeding 18,283 VND/liter
  • RON95-III Gasoline: Not exceeding 18,631 VND/liter
  • Diesel 0.05S: Not exceeding 17,700 VND/liter
  • Kerosene: Not exceeding 17,950 VND/liter
  • Fuel Oil 180CST 3.5S: Not exceeding 13,872 VND/kilogram
“According to the Ministry of Industry and Trade, during this price adjustment period, the global oil market was affected by several key factors, including: the risk of disruption to oil supply from Iran; slow progress in Venezuela’s oil exports; disruption to Kazakhstan’s oil production; tensions between the US and Europe over Greenland; and the ongoing military conflict between Russia and Ukraine. These factors have caused global oil prices to fluctuate in recent days, rising and falling based on specific products.”
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⏰ Published on: January 28, 2026