On the morning of 23/12, Saigon Jewelry Company (SJC) increased gold bar prices by 1,5 million dong, reaching 157 - 159 million dong. This marks an all-time high for the precious metal.

PNJ, Doji, and Bao Tin Minh Chau made similar adjustments. While their selling prices matched other entities, Asia Commercial Bank (ACB)'s buy-in price for its proprietary gold bars was 500,000 dong higher, at 157,5 million dong per luong.

Plain round ring gold also saw price increases. SJC listed this type of gold at 152,6 - 155,6 million dong per luong.

PNJ and Doji traded 900,000 dong higher than SJC for both buying and selling, reaching approximately 153,5 - 156,5 million dong. Bao Tin Minh Chau quoted this gold at 153,5 - 157,5 million dong.

Domestic gold prices rose in tandem with international trends. Each ounce of spot gold currently increased by nearly 45 USD, reaching an all-time high of 4,487 USD. Converted at Vietcombank's exchange rate, world gold was equivalent to 142,8 million dong, a difference of over 16 million dong compared to domestic prices.

Gold prices surged as investors bet on the US Federal Reserve (Fed) cutting interest rates two more times next year. Gold, which does not offer fixed interest, benefits from lower interest rates.

Silver bars and ingots also reached record highs. Phu Quy Gold Investment Joint Stock Company listed these items at 2,62 - 2,70 million dong per luong, a 1% increase from yesterday. Sacombank - SBJ Company raised silver bar prices to 2,61 - 2,68 million dong.

Trong Hieu