At 6:00 a.m. on October 17 (Vietnam time), spot gold prices reached 4,343 USD/ounce, a sharp increase of 143 USD compared to the lowest level in the trading session last night (4,200 USD/ounce). This is the highest price in the history of this precious metal.
In the country, 2025 will become an explosive year for the gold market.
At 10:00 on October 17, the price of gold bars at Saigon Jewelry Company - SJC was bought at 150.2 million VND, sold at 152.2 million VND, an increase of 3.1 million VND after one day. This is a new record for gold bar prices.
DOJI Group listed the price of SJC gold bars at 149.4-150.9 million VND/tael (buy - sell), an increase of 2.8 million VND/tael for buying and an increase of 2.3 million VND/tael for selling. The difference between buying and selling prices is at 1.5 million VND/tael.
The price of SJC gold bars was listed by Bao Tin Minh Chau at 149.4-150.9 million VND/tael (buy - sell), an increase of 2.8 million VND/tael for buying and an increase of 2.3 million VND/tael for selling. The difference between buying and selling prices is at 1.5 million VND/tael.
In particular, the price of gold rings of some gold brands also increased sharply compared to the previous session.
9999 gold rings at SJC Company also increased by a total of more than 4 million VND after one day, bringing the buying price to 149.2 million VND, selling price to 151.4 million VND.
PNJ Company bought for 150.2 million VND and sold for 152.2 million VND, an increase of 3.2 million VND...
In particular, gold rings at Bao Tin Minh Chau Company always have the highest trading price in the market.
On the morning of October 17, Bao Tin Minh Chau listed the price of gold rings at 153.6-156.6 million VND/tael (buy - sell), an increase of 3.6 million VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.
Thus, compared to the beginning of 2025, domestic gold bars and gold rings have both increased dramatically.
In the trading session on January 1, 2025, the domestic SJC gold price was stable compared to the previous session, at 82.2 million VND/tael (buy) and 84.2 million VND/tael (sell). Meanwhile, world gold prices opened with a slight upward trend, recording 2,624.49 USD/ounce.
Domestic SJC gold price increased by about 68 million VND/tael for buying - selling.
For gold rings, at the beginning of the year, the price of gold rings was listed by large enterprises such as DOJI and Bao Tin Minh Chau at a price of 82.6 - 84.2 million VND/tael (buy - sell). These prices are relatively stable compared to the last trading session of 2024.
In the past 5 months, the price of gold rings has increased sharply. Especially on October 14, gold trading companies continuously adjusted the buying/selling prices of gold bars and gold rings. In less than 2 hours in the morning, companies have increased the price of buying/selling gold rings by 3 - 4 times with the strongest adjustment to nearly 4 million VND/tael...
Compared to the beginning of the year, the price of gold rings increased by about 69 million VND/tael for buying; and increased by 70 million VND/tael for selling.
If investors invest in gold bars at the beginning of the year, they will make a profit of about VND68 million/tael. As for gold rings, investors make a profit of nearly 70 million VND/tael.
