This morning, Saigon Jewelry Company (SJC) listed gold bar prices at 172,3 - 174,3 million dong one tael, an increase of 2,1 million dong from late yesterday. This precious metal continues to set new record highs.

Other brands also made similar adjustments. Since the beginning of the year, domestic gold bar prices have risen by over 14%.

For plain gold rings, SJC increased today's price by an additional 2,2 million dong, reaching 170,5 - 173 million dong one tael. DOJI traded this item around 170 - 173 million dong, while plain round rings at Bao Tin Minh Chau were exchanged at 169,2 - 172,2 million dong.

Domestic gold prices are rising in tandem with international rates. On 23/1, global spot gold increased by 46 USD to 4,983 USD one ounce at market close. Converted using Vietcombank's selling exchange rate, international gold is equivalent to 158,5 million dong one tael, a difference of nearly 16 million dong compared to domestic prices.

Since the start of the year, tensions between the US and Europe over Greenland, concerns about the independence of the US Federal Reserve (Fed), and import tax uncertainties have driven a surge in safe-haven gold demand. Central bank purchases and a reduced reliance on the USD also bolster the precious metal's upward trend.

Domestic silver bars and ingots also reached new record prices today, mirroring global trends. Phu Quy listed this item at 3,88 - 4,00 million dong one tael, a 4,2% increase from yesterday. Sacombank - SBJ is trading around 3,74 - 3,83 million dong.

Global silver closed the 23/1 session at over 100 USD one ounce. Philip Newman, Director of Metals Focus, noted that this precious metal is benefiting from factors similar to those supporting gold.

Trong Hieu