The price of gold bars and gold rings increased by 500,000 VND/tael this morning, bringing the transaction price to over 121 million VND/tael and 117 million VND, respectively.

After the positive recovery of world gold prices last night (Vietnam time), this morning, Saigon Jewelry Company (SJC) opened and listed gold bar prices at 119.5 - 121.5 million VND/tael (buy - sell), an increase of 1 million VND for buying and 500,000 VND for selling compared to the previous session.

This adjustment was quickly updated by major brands such as Phu Nhuan Jewelry Joint Stock Company (PNJ), DOJI Group, Phu Quy Group, Bao Tin Minh Chau, Bao Tin Manh Hai and Mi Hong Company..., pushing the selling price of gold bars far beyond the 121 million VND mark.

Domestic gold prices are creating strong "waves", with fluctuations of several million VND per session. Although continuing the recovery trend this morning, domestic gold prices are still about 3 million VND/tael lower than the historical peak of 124 million VND/tael set 2 days ago.

Since the beginning of the year, each tael of gold has increased by nearly 40 million VND, equivalent to a net increase of up to 44%. This growth has cost a series of other profitable assets on the market such as real estate, bonds, stocks, savings deposits, etc.

Not only gold bars, gold ring prices also recorded an impressive recovery. This morning, SJC listed the price of 99.99 gold rings, type 1-5, at only 114 - 117 million VND/tael, an increase of 500,000 VND/tael compared to the previous session.

This development was also recorded in most large gold businesses, with increases ranging from VND500,000 to VND1 million per tael.

At PNJ, gold rings are currently traded at around 114.2 - 117.2 million/tael. Phu Quy offers prices of 115.5 - 118.5 million/tael, DOJI maintains prices of 114.5 - 116.8 million/tael, while Bao Tin Minh Chau and Bao Tin Manh Hai both raise prices to 117.5 - 120.5 million/tael, the highest in the market.

Fluctuations in domestic gold prices are taking place in parallel with movements in the world market. Currently, international gold prices are stable around the mark. 3,349 USD /ounce.

In just the past two weeks, this precious metal has experienced violent "shaking" sessions with an oscillation amplitude of up to more than 200 USD /ounce.