On the morning of 17/12, Sai Gon Jewelry Company (SJC) listed gold bar prices at 154,2 - 156,2 million VND per tael. PNJ, Doji, and Bao Tin Minh Chau quoted similar prices for this item. Meanwhile, A Chau Bank (ACB) traded its own branded gold around 154,7 - 156,2 million VND.

Plain gold rings saw the same increase as gold bars. SJC quoted this type of gold at 150,3 - 153,3 million VND per tael.

PNJ and Doji traded 700,000 VND higher per buying and selling side compared to SJC, at 151 - 154 million VND. Bao Tin Minh Chau, meanwhile, quoted plain gold rings at 152,2 - 155,2 million VND.

Domestic gold prices moved in tandem with international prices. This morning, spot gold increased by over 17 USD, reaching 4,320 USD per ounce. Converted at Vietcombank's exchange rate, world gold is equivalent to 137,5 million VND, nearly 20 million VND lower than domestic prices.

The US economy added 64,000 jobs in November, but the unemployment rate rose to a 4-year high of 4,6%. This data strengthens expectations that the US Federal Reserve (Fed) may further cut interest rates, encouraging investors to hold precious metals.

Silver bar and ingot prices also increased. Phu Quy Gold Investment Joint Stock Company listed these items at 2,47 - 2,54 million VND per tael, up 4% from yesterday. Sacombank - SBJ traded at 2,46 - 2,32 million VND.

Trong Hieu