On the morning of August 18, Vietnam’s domestic gold market witnessed a sharp rebound, with SJC bullion prices climbing by VND 200,000 per tael to trade around VND 124.7 million per tael. The move came as the central exchange rate edged slightly lower.
As of 9:10 a.m., Saigon Jewelry Company (SJC) and Doji both listed gold prices at VND 123.7–124.7 million per tael (buy/sell).
Phu Quy quoted VND 122.7–124.7 million per tael, up by VND 200,000.
Gold rings at Phu Quy traded at VND 116.6–119.6 million per tael, while Bao Tin Minh Chau listed VND 117–120 million per tael, both marking the same increase.
The buy–sell spread remains wide: about VND 1–2 million per tael for SJC bullion and around VND 3 million per tael for gold rings.
On the global market, gold hovered around USD 3,346 per ounce, an increase of USD 7 from the previous session. Converted at Vietcombank’s exchange rate, this equals approximately VND 106.7 million per tael, significantly lower than domestic prices.
This morning, the State Bank of Vietnam set the central exchange rate at VND 25,245 per USD, down by 4 dong.
Vietcombank listed the dollar at VND 26,050–26,440, up by 10 dong.
VietinBank and BIDV both posted VND 26,090–26,450 per USD.
Eximbank quoted VND 26,070–26,450 per USD, also rising by 10 dong.
Analysts note that the persistent gap between domestic and international gold prices highlights strong local demand. Moving forward, fluctuations in the US dollar and global geopolitical developments are expected to remain key drivers for the precious metal.
Tiếng Việt
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