On 7/3, Saigon Jewelry Company (SJC) listed gold bars at 182 - 185 million dong, an increase of 1.2 million dong per tael from yesterday's closing prices. Other brands also quoted similar prices for gold bars.

SJC's plain gold rings also rose by 1.2 million dong per tael this morning, reaching 181.7 - 184.7 million dong. Mi Hong slightly increased its gold ring prices to 182.5 - 185 million dong. Bao Tin Minh Chau listed plain gold rings at 182 - 185 million dong per tael.

After reaching a peak of 191 million dong earlier this month, gold prices briefly dropped to 183 million dong before a slight recovery, fluctuating within a 1-2 million dong range in recent days. Compared to the beginning of the week, each tael of gold is currently 2 million dong lower.

Gold bar transactions at SJC Nguyen Thi Minh Khai on God of Wealth Day 2026. Photo: Thanh Tung.

Internationally, spot gold prices increased by 100 USD during the day, closing at 5,172 USD per ounce. Converted at Vietcombank's exchange rate, the world gold price is equivalent to 164 million dong per tael, nearly 21 million dong lower than domestic prices.

Domestic silver prices also saw a slight increase this morning compared to yesterday, holding steady at 3.1 - 3.2 million dong per tael, despite a nearly 10% decrease over the past week. Phu Quy Gold Investment Joint Stock Company listed silver bars at 3.16 - 3.26 million dong per tael, equivalent to 84.4 - 87 million dong per kg. Ancarat Precious Metals Joint Stock Company traded silver bars this morning at 3.17 - 3.26 million dong.

Currently, major domestic brands, following God of Wealth Day, are again facing limited supply or have run out of gold rings and gold bars for the day. For silver bars, people typically queue early and receive delivery appointments several months later.

In its latest report, following developments in the Iran conflict, UOB Bank stated that gold prices would remain volatile in the short term, but long-term safe-haven demand for gold remains very strong. Global central banks continue to make significant purchases, while individual investors are also increasing their acquisition of physical gold. The new tensions in Iran further reinforce this safe-haven demand.

The bank maintains a positive outlook on gold prices, raising its forecast to 5,400 USD per ounce in Q2; 5,600 USD in Q3; 5,800 USD by year-end; and potentially 6,000 USD early next year.

Quynh Trang