At the end of the session on January 18 , the price of gold bars at SJC closed at 84.9-86.9 million VND/tael (buy - sell), down 400 thousand VND/tael in both buying and selling compared to the end of yesterday's trading session.
At the end of the session, the price of SJC gold rings of 1-5 chi was listed at 84.6-86.3 million VND/tael (buy - sell), down 400 thousand VND per tael in both buying and selling compared to the end of yesterday's session.
The price of 9999 gold rings at Doji closed the session at 84.6-86.2 million VND/tael, down 600,000 VND per tael for buying and 500,000 VND per tael cheaper for selling compared to yesterday's closing price.
This afternoon , the world gold price remained unchanged. The domestic gold ring price also fluctuated little this afternoon.
Domestic gold ring prices this morning were adjusted down by brands.
Saigon Jewelry Company (SJC) early this morning reduced the price of gold rings of type 1-5 to only 84.6-86.3 million VND/tael (buy - sell), down 400 thousand VND per tael in both buying and selling compared to the end of yesterday's session.
Similarly, Doji Gold and Gemstone Group early this morning also pulled the buying and selling price of 9999 gold rings to 84.6-86.2 million VND/tael, down 600,000 VND per tael for buying and 500,000 VND per tael cheaper for selling compared to yesterday's closing price.
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC | 84,600,000 | - 400,000 | 86,300,000 | - 400,000 |
| Doji | 84,600,000 | - 600,000 | 86,200,000 | - 500,000 |
SJC and Doji gold ring price list updated on the morning of January 18
Opening the trading session on January 18 , the price of SJC 9999 gold decreased by 400 thousand VND/tael in both buying and selling compared to the closing price of yesterday's trading session, to 84.9-86.9 million VND/tael (buying - selling).
The price of 9999 gold was listed by Saigon Jewelry Company Limited (SJC) at 8:08 a.m. and the price of 9999 gold was listed by Doji Jewelry Group at 8:39 a.m. as follows:
| Buy (VND/tael) | Increase/decrease | Sell (VND/tael) | Increase/decrease | |
| SJC HCMC | 84,900,000 | - 400,000 | 86,900,000 | - 400,000 |
| Doji Hanoi | 84,900,000 | - 400,000 | 86,900,000 | - 400,000 |
| Doji HCMC | 84,900,000 | - 400,000 | 86,900,000 | - 400,000 |
SJC and Doji gold bar price list updated on the morning of January 18
The central exchange rate on January 18 announced by the State Bank was 24,341 VND/USD, unchanged from the previous trading session. The USD price at commercial banks this morning (January 18) was commonly listed at 25,120 VND/USD (buy) and 25,510 VND/USD (sell).
At 8:54 a.m. today (January 18, Vietnam time) , the world spot gold price was at 2,702 USD/ounce, down 2 USD/ounce compared to last night. The price of gold futures for February 2025 on the Comex New York floor was at 2,748.7 USD/ounce.
On the morning of January 18 , the world gold price converted to USD bank price was over 83.9 million VND/tael, including tax and fees, about 3 million VND/tael lower than the domestic gold price.
At the end of the session on January 17, the price of gold bars at SJC and Doji closed at 85.3-87.3 million VND/tael (buy - sell), an increase of 300 thousand VND per tael in both buying and selling compared to the previous trading session.
The price of SJC 1-5 chi gold rings is listed at 85-86.7 million VND/tael (buy - sell), an increase of 200 thousand VND per tael in both buying and selling compared to the previous session's close.
The price of 9999 gold rings at Doji closed the session at 85.2-86.7 million VND/tael, an increase of 200,000 VND per tael in both buying and selling compared to the previous day's closing price.
The world gold price today traded at 9:00 p.m. (January 17, Vietnam time) at 2,704 USD/ounce, down 0.38% compared to the beginning of the session. The gold futures price for February 2025 on the Comex New York floor was at 2,735 USD/ounce.
The US Dollar Index (DXY), which measures the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stood at 109.19 points.
Nymex crude oil futures edged up slightly and are trading around $78.75 a barrel. The benchmark 10-year U.S. Treasury yield is currently at 4.584%.
Gold prices fell in early US trading as investors booked profits. Gold prices have recently rallied, hitting a four-week high amid disappointing retail sales data and a weaker US dollar.
The Commerce Department said retail sales rose 0.4% in December, below the 0.5% increase expected and below a revised 0.8% gain in November. The core consumer price index, which excludes food and energy prices, rose 3.2% in December from a year earlier.
Investors are watching key data for insights into the US Federal Reserve's policy path.
At last month’s policy meeting, Fed officials suggested that slower growth and higher unemployment could be an immediate result of trade and other policies expected. Although inflation has slowed, it remains above the Fed’s 2% annual target.
Observers say the Fed is almost certain to keep interest rates unchanged at its meeting on January 28-29. Goldman Sachs predicts the Fed will cut interest rates twice this year, in June and December.
Another notable piece of news is that President Donald Trump will be inaugurated on January 20. Investors are worried that President-elect Donald Trump's import tax policy will spark a trade war.
These policies could also complicate the path of central bank interest rate adjustments, which could be positive news, causing safe-haven demand to rise, with many investors turning to gold.
ANZ bank analysts said investors are preparing for new developments when Mr. Trump takes office and implements new economic policies in the coming time.
Gold Price Forecast
Gold will continue to grow in 2025, albeit at a slower pace than in 2024, according to Juan Carlos Artigas, global head of research at the World Gold Council (WGC).
Gold’s dual nature as an investment asset and a consumer good makes it a very effective hedge, he said. Investors have flocked to the precious metal amid market volatility and rising geopolitical risks.
Additionally, strong demand from central banks, especially in Asia, has boosted the market.
Gold futures are expected to range from $3,000 to $3,250 an ounce throughout the year, said chief economist Ming Ming.
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