Gold prices today (January 18) closed the week with strong gains, as SJC gold bars and gold rings in Vietnam continued to trade near historic highs. The domestic gold market remained firmly supported by the positive momentum of global gold prices, which posted their second consecutive week of strong gains on international exchanges.
Despite gold trading near record territory, bullish sentiment continues to dominate both domestic and global markets, reflecting sustained demand for the precious metal as a safe-haven asset.
On Sunday morning, January 18, major gold businesses quoted SJC gold bar prices at VND 160.8–162.8 million per tael (buy–sell), up nearly VND 3 million per tael compared with the end of last week.
Notably, over the past two weeks, each tael of SJC gold has risen by approximately VND 10 million, an unusually strong increase within such a short period. With this move, SJC gold prices are now just below the all-time high of VND 163.5 million per tael, recorded on January 14.
Gold rings and 99.99% pure gold jewelry also recorded significant gains. Companies such as SJC quoted gold ring prices at around VND 157.2–159.7 million per tael, up roughly VND 2.9 million per tael from last weekend.
In the past two weeks, gold ring prices have risen faster than SJC gold bars, highlighting strong retail demand and ongoing interest in physical gold for savings and wealth preservation.
The strong rally in domestic gold prices closely mirrors developments in the global market. By the end of the week, spot gold closed at $4,596 per ounce, marking a weekly increase of $85 per ounce.
This represents the second consecutive week of sharp gains for gold on international markets, underpinned by ongoing geopolitical uncertainties, expectations of future monetary policy easing, and strong investor demand for safe-haven assets.
During the week, global gold prices surged to a weekly peak of $4,640 per ounce on January 14, setting a new all-time high. However, profit-taking emerged as prices approached record territory, preventing gold from sustaining levels above $4,600 per ounce.
Analysts note that such pullbacks are typical after rapid rallies and do not necessarily signal a reversal in the broader upward trend.
Despite gold trading near historic highs, the latest Kitco weekly gold survey indicates that analysts remain broadly optimistic about near-term price movements.
Among 16 Wall Street analysts surveyed:
50% expect gold prices to rise further
25% forecast a decline
The remaining respondents anticipate sideways movement
The divided outlook reflects caution as gold trades at elevated levels, though the majority still favor an upside scenario.
Sentiment among retail investors remains overwhelmingly bullish. In Kitco’s Main Street online poll, which received 268 responses:
78% expect gold prices to move higher
11% predict a decline
11% believe prices will remain flat
The strong optimism among individual investors has been reinforced by gold’s repeated record-breaking performance.
According to Jim Wyckoff, Senior Market Analyst at Kitco, both gold and silver enjoyed a highly positive trading week, with each metal setting new record highs.
Wyckoff noted that the U.S. market is entering a three-day holiday weekend, prompting short-term futures traders to lock in profits. However, from a technical perspective, the next upside target for February 2026 gold futures is a breakout above the strong resistance level at $4,750 per ounce.
At current exchange rates, global gold prices converted into Vietnamese dong stand at approximately VND 146.2 million per tael, which is about VND 16.6 million per tael lower than SJC gold bar prices.
This significant price gap continues to attract attention, reflecting domestic supply-demand dynamics and Vietnam’s unique gold market structure.
Looking ahead, analysts believe gold prices may remain volatile but biased to the upside, especially if global uncertainties persist and expectations grow that the U.S. Federal Reserve could shift toward a more accommodative policy stance.
However, with prices already near record highs, investors are advised to monitor market developments closely, as sharp corrections cannot be ruled out.
Gold prices today, January 18, capped a strong week with SJC gold bars and gold rings holding near record levels. Driven by rising global gold prices and bullish investor sentiment, the domestic gold market remains firmly supported. While short-term volatility is likely, the broader outlook for gold continues to favor strength amid ongoing economic and geopolitical uncertainty.
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