Infographic: Domestic and global gold prices surge sharply on February 4
Domestically, prices of SJC-branded gold bars and rings rose strongly, trading at 180.2 million VND per tael and 179.7 million VND per tael, respectively.
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Domestically, prices of SJC-branded gold bars and rings rose strongly, trading at 180.2 million VND per tael and 179.7 million VND per tael, respectively.
Global gold prices rebounded on February 3, trading at 4,930.8 USD per ounce. In Viet Nam, SJC gold bars and rings both jumped 10.5 million VND per tael after a sharp decline in the previous session, reaching 176.5 million VND per tael and 174.5 million VND per tael, respectively.
Global gold prices plunged on January 30, trading at around 5,268 USD per ounce. Domestically, SJC gold bar prices fell by 9.5 million VND to 180.1 million VND per tael.
Global gold prices surged to a record high on January 24, trading at 4,983.1 USD per ounce amid a weakening US dollar and increased purchases by central banks to boost their reserves. Domestic gold prices also continued to scale new peaks. SJC gold bars were quoted at 174.3 million VND per tael while SJC gold rings rose to around 173 million VND per tael, marking their highest levels to date.
World gold prices on January 22 “plunged” after reaching a record high of 4,888 USD per ounce, falling to 4,796.2 USD per ounce amidst massive profit-taking by investors. Domestically, the prices of gold bars and SJC gold rings simultaneously dropped sharply, listed at 168.7 million VND per tael and 167.1 VND million per tael respectively.
Global gold prices continued their relentless upward momentum on January 20, reaching 4,679.7 USD per ounce amid escalating geopolitical tensions and global trade frictions. Domestically, SJC gold bars and rings remained anchored at “sky-high” levels, quoted at 165 million VND per tael and 162.5 million VND per tael, respectively.
Global gold prices rose sharply on January 19, reaching a new record high of 4,661.6 USD per ounce. Domestically, SJC gold bars climbed to a new peak of 165 million VND per tael, while gold rings rose to 162.2 million VND per tael.
Global gold prices on January 16 slipped below 4,608 USD per ounce as strong inflows into equities cooled demand for gold. In Viet Nam, prices were temporarily steady as SJC bullion was traded at 162.8 million VND per tael, while SJC ring gold remained unchanged at 159.7 million VND per tael.
Global gold prices on January 14 extended their upward momentum to a new record of 4,619 USD per ounce. Domestically, SJC gold bar prices rose by 900,000 VND to a new peak of 162.9 million VND per tael, while SJC gold ring prices increased to 159.9 million VND per tael.
In the domestic market, SJC gold bar prices rose by 1.5 million VND to 159.8 million VND per tael, while SJC gold ring prices increased to 156.8 million VND per tael.
Global gold prices rebounded on January 9, trading at 4,467 USD per ounce. In the domestic market, SJC gold bar prices rose by 1.1 million VND to 158.3 million VND per tael, while SJC gold ring prices increased to 155.3 million VND per tael.
Global gold prices traded relatively quietly on December 31, holding above 4,300 USD per ounce. Domestically, bar gold prices fell by 300,000 VND to trade at VND 154.4 million VND per tael, while ring gold prices edged up slightly to 150.9 million VND per tael.
The global gold market recorded its sharpest price drop in many months, plunging to around 4,362 USD per ounce on the afternoon of December 30. Domestically, SJC gold bar prices suddenly fell sharply to 154.7 million VND per tael, while gold ring prices also fell to 150.8 million VND per tael.
Global gold prices continued to set new records on December 27, trading at around 4,533 USD per ounce amid expectations that the US Federal Reserve will continue cutting interest rates. In the domestic market, prices of SJC gold bars and SJC gold rings extended their upward momentum, rising by 300,000 VND per tael. SJC gold bars were quoted at 159.7 million VND per tael, while SJC gold rings increased to 156.1 million VND per tael.
Global gold prices on December 25 came under renewed downward pressure, trading at 4,478.6 USD per ounce. In the domestic market, prices of SJC gold bars and SJC gold rings cooled after reversing direction. Accordingly, SJC gold bars were listed at 158.8 million VND per tael, while SJC gold rings remained unchanged at 155.6 million VND per tael.
Domestic SJC gold bar and ring prices on December 20 inched up from the previous day, trading at elevated levels. SJC gold bars were quoted at 154.6 million VND per tael for buying and 156.6 million VND per tael for selling, up 200,000 VND per tael on both sides compared with the previous day. Gold ring prices also rose by 200,000 VND per tael, trading at 150.5 million VND – 153.5 million VND per tael (buying – selling).
Global gold prices on December 17 rose again, trading at 4,320.1 USD per ounce after investors took profits in the previous session. In Viet Nam, SJC gold bar prices were unchanged on both the buying and selling sides.
SJC gold bars rose to a new record high, trading at 156.8 million VND per tael, while gold rings increased to 154 million VND per tael on December 15.
World gold prices on December 13 surged to 4,298.7 USD/ounce thanks to strong buying from investors. Domestically, SJC gold bars and rings traded at record highs. SJC gold bars increased by 700,000 VND/tael, reaching 156.3 million VND/tael; SJC gold rings increased by 600,000 VND/tael, listed at 153.6 million VND/teal.
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.