The global price of gold is experiencing a continuous upward trend, resulting in a significant increase in the SJC gold price. In the late afternoon of January 12, the SJC gold price rose by over VND76 million per tael. In Ho Chi Minh City, Doji Group listed SJC gold at VND73.45 million per tael for buying and VND75.95 million per tael for selling, marking a VND700,000 increase in comparison to the morning rates. Similarly, in Hanoi, SJC Company raised prices by VND700,000 for both buying and selling rates, reaching VND73.5 million per tael for buying and VND76.02 million per tael for selling.
Furthermore, the 9999 gold ring prices were also adjusted by an additional VND200,000. The spot gold price on the Kitco exchange was traded at US$2,039.7 an ounce, which is approximately equivalent to VND60.6 million per tael, compared to the SJC gold price and around VND2.75 million per tael lower than the 9999 gold ring price.
This surge in gold prices may be attributed to various factors such as economic uncertainty, inflation, and currency devaluation. Furthermore, gold is often seen as a safe-haven investment during times of economic instability, which could be contributing to its increasing value in the global market. As a result, investors and traders should carefully monitor these price increases and adjust their investment strategies accordingly.
