Gold prices continued to surge, reaching a one-month high as major brands simultaneously raised both buying and selling prices by 1.1 million VND per tael. SJC gold bars were quoted at 153.6 million VND per tael on the buying side and 155.6 million VND per tael on the selling side, marking a sharp increase in both directions compared with the previous session.

Global gold prices on November 29 rose vigorously, surpassing 4,200 USD per ounce in the context of increasing safe-haven demand and expectations that the FED may soon cut interest rates. Domestically, gold bars prices climbed 700,000 VND per tael, reaching 154.9 million VND per tael, while SJC gold rings jumped 1.2 million VND per tael, listed at 153.1 million VND per tael.

Global gold prices edged down to around 4,125 USD per ounce on November 12 as investors took profits following a three-week high. In Viet Nam, SJC gold bars and rings also declined simultaneously, trading at 151.5 million VND and 149.7 million VND per tael, respectively.

Following the downward trend of global gold prices, domestic gold prices also declined sharply on October 24 afternoon. SJC gold bars were traded at 148.5 million VND per tael, down 1.3 million VND from the morning session and 1 million VND compared to yesterday's closing price.

In the domestic market, SJC-branded gold bars followed the global downtrend on October 22, trading at 148.5 million VND per tael, while gold rings were quoted at 146.5 million VND per tael.

Global gold prices dropped sharply on October 18 to 4,246.8 USD per ounce, following a wave of profit-taking by investors and the strengthening of the US dollar. In Viet Nam, both SJC gold bars and rings fell steeply, losing 2 million VND per tael, with prices listed at 151 million VND per tael and 150.2 million VND per tael, respectively.

In Vietnam’s domestic market, SJC-branded gold bars surged sharply to 152.2 million VND per tael, while gold rings nearly caught up, reaching 151.5 million VND per tael.

Domestic gold bar and ring prices saw an increase, trading at 118 million VND per tael and 114.4 million VND per tael, respectively.