The gold prices of two Vietnamese gold bars on Monday significant increased from 70,000 VND (3.07 US$) to 110,000 VND per tael, in line with the global trend.

Illustrative image (Photo: phapluatplus.vn)

The prices at the Sai Gon Jewellery Holding Company (SJC) at 9.00am were trading at 36.9 million VND per tael (buying rate) and 37.14 million VND per tael (selling rate), up 110,000 VND per tael compared to the previous recorded rate.

SJC’s gold prices at Ha Noi’s DOJI Gold and Gemstone Group on Monday rose sharply, ranging from 36.92 million VND to 37.12 million VND per tael (buying and selling rates), up 70,000 VND per tael compared to the previous rates.

Last week, SJC’s gold price decreased for two consecutive sessions, with an adjustment of up to nearly 200,000 VND per tael.

Similarly, the price of Rong Vang Thang Long gold on Monday’s morning session increased 100,000 VND per tael, with the purchase and sale price of this brand in the range of 36.92 million VND - 37.37 million VND per tael.

Currently, Rong Vang Thang Long continues to be more expensive than SJC brand by some 230,000 VND per tael.

In the global market, gold price traded at some 1,325$ per ounce, up 9$ compared to the previous session and equivalent to 36.03 million VND per tael when converted in the domestic exchange rate.

This price of gold in the world is now lower than the domestic SJC gold by some 1.1 million VND per tael.

On Monday morning, the State Bank of Viet Nam announced the VND/US$ exchange rate of 22,430 VND per US dollar on 12 February, down 10 VND per US$ from the previous session.

(Source: VNS)