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.

Global gold prices on April 3 fell to USD 4,676.1 per ounce but continued their weekly upward trend, recording a 3% increase and remaining above the USD 4,600 per ounce mark. Meanwhile, domestic gold prices rose across the board, with the selling price reaching VND 174.5 million per tael.

Global gold prices on April 1 continued their upward momentum, trading at around 4,693 USD per ounce. Meanwhile, domestic bullion and gold ring prices also rose in line with global trends, with selling prices reaching 176.7 million VND per tael. At present, domestic gold prices are approximately more than 28 million VND per tael higher than global levels (excluding taxes and fees).

World gold prices on March 19 continued to fall sharply, trading at 4,710.5 USD/ounce. Domestically, SJC gold bars and gold rings also dropped significantly in line with global prices, listed at 172.5 million VND/tael and 175.5 million VND/tael respectively.

Vietnam gold prices rose slightly on March 16 while global rates remained mostly flat. Saigon Jewelry Company gold bar went up 0.27% to 183.1 million VND per tael. Gold ring price inched up 0.27% to 182.8 million VND per tael. 

Global gold prices on March 9 fell sharply to 5,086 USD per ounce amid a strengthening US dollar, a surge in crude oil prices and a global stock market sell-off triggered by tensions in the Middle East. Domestically, the prices of gold bars and gold rings declined in line with the global trend, with the selling price standing at 183.1 million VND per tael.

World gold prices on February 27 moved sideways, trading at 5,178.4 USD per ounce as investors continued to take profits after prices had risen above 5,200 USD per ounce. Domestically, gold prices of many brands declined after the God of Wealth Day. SJC gold bars and gold rings of many brands are being sold at 184 million VND per tael.

Global gold prices continued their strong upward momentum on February 24, trading at 5,181.5 USD per ounce. Domestically, prices of SJC gold bars and SJC gold rings remained elevated, listed at 184.6 million VND per tael and 184.1 million VND per tael, respectively.

Global gold prices continued to stand at around the 5,000 USD per ounce on February 11. Domestically, SJC gold bar and ring prices remained unchanged in line with global movements, traded at 181 million VND per tael and 180.5 million VND per tael, respectively.