Saigon Jewelry Company gold bar price increased by 300,000 VND to VND87.3 million per tael on January 17. Gold rings also went up to VND86.7 million per tael.
Global gold prices posted a second straight week of gains following a sharp decline, closing the week at 4,676 USD per ounce. Most analysts expect prices to move sideways, while retail investors remain optimistic about the precious metal’s short-term outlook. Meanwhile, SJC gold bars ended the week at 174.5 million VND per tael.