On the morning of 22/1, Saigon Jewelry Company (SJC) listed gold bar prices at 166,7 - 168,7 million dong, a decrease of 1,8 million dong. Other brands also made similar adjustments to SJC.

Domestic gold prices fell in line with international prices. Each ounce of world gold dropped by more than 48 USD, reaching 4,783 USD. Converted at Vietcombank's exchange rate, world gold is equivalent to 152 million dong per tael, a difference of 16 million dong compared to domestic prices. The market cooled down after US President Donald Trump announced a satisfactory framework for a Greenland agreement. Trump also withdrew tariff warnings against eight European countries.

Plain gold rings at SJC dropped by 1,3 million dong, reaching 164,6 - 167,1 million dong per tael. Doji and PNJ traded this item at 164,5 - 167,5 million dong. Bao Tin Minh Chau bought and sold plain round rings around 166 - 169 million dong per tael.

From early morning, people queued up to buy gold in cold weather below 10 degrees Celsius. For example, at the Phu Quy store on Cau Giay street, Hanoi, the store had distributed all 150 queue numbers to gold buyers before opening hours. At over 9 h, the Bao Tin Minh Chau store on Cau Giay also ran out of gold selling tickets for the day, despite a long line of people still waiting.

People queuing to buy gold at a store on Cau Giay street at 7:30 on 22/1. *Photo: Ngoc Diem*

The price of silver bars and ingots also decreased by 3,3%. Each tael of silver was listed by Phu Quy Gold Investment Joint Stock Company at 3,46 - 3,57 million dong, and Sacombank - SBJ at 3,53 - 3,62 million dong.

Trong Hieu