On the morning of 10/1, Saigon Jewelry Company (SJC) listed gold bar prices at 160-162 million VND per tael, marking a 2,1 million VND increase from last week. This represents the highest price ever recorded for the precious metal. Other domestic brands adjusted their prices similarly. This rise in domestic gold prices mirrors an increase in international prices, with each ounce of global spot gold currently up by over 57 USD to 4,566 USD per ounce, surpassing its mid-December peak.

For plain ring gold, SJC increased prices by 2,2 million VND, reaching 156,5-159 million VND per tael. PNJ and Doji traded this item around 156-159 million VND, while Bao Tin Minh Chau listed it at 158,7-161,7 million VND per tael. Silver bar and ingot prices in the domestic market also rose by nearly 4% today. Phu Quy Gold Investment Joint Stock Company listed these items at 3,11-3,21 million VND per tael, and Sacombank - SBJ traded them around 3,12-3,21 million VND.

The market surge follows less-than-favorable US employment data. According to the US Department of Labor's December employment report, job growth fell short of expectations, with the economy adding only 50,000 new jobs. Additionally, gold's appeal grew as global geopolitical tensions escalated, prompting investors to seek safe-haven assets. When converted using the Vietcombank exchange rate, international gold is equivalent to 145,2 million VND per tael, creating a difference of nearly 17 million VND compared to domestic prices.

The State Bank of Vietnam (SBV) reported that as of the end of 12/2025, nine banks and businesses had submitted applications for gold bar production licenses. The SBV is currently reviewing these applications in conjunction with other ministries and agencies. To be granted a gold bar production license, businesses must meet capital requirements of 1,000 billion VND, while banks need 50,000 billion VND. Applicants must also ensure they are not subject to any penalties from regulatory bodies.

Trong Hieu