On the morning of 12/6, within one hour of the market opening, Saigon Jewelry Company (SJC) adjusted its gold bar prices three times. The buy-in price increased by 6,5 million dong per tael to 139,9 million, while the sell-out price to the public rose by 5,5 million dong to 143,9 million. This narrowed the buy-sell spread to 4 million dong per tael.

The price of plain gold rings also reversed course to increase. SJC's plain gold rings rose by the same margin as gold bars, reaching 139,8 - 143,8 million dong per tael. DOJI Gold and Gems Group raised the price of this item to 138 - 142,5 million dong per tael. Meanwhile, at Phu Nhuan Jewelry Joint Stock Company (PNJ), plain gold rings traded around 139,9 - 143,9 million dong.

This upward trend in domestic gold prices followed international developments after Mr. Trump announced the cancellation of planned airstrikes on Iran. On 11/6, the spot gold price surged by over 150 USD at one point, returning to the 4.250 USD per ounce range. This morning, Hanoi time, the global price hovered around 4.185 USD per ounce.

Converted at Vietcombank's selling exchange rate, global gold is equivalent to 133,7 million dong per tael. As a result, domestic gold prices diverged from global prices by approximately 10,5 million dong, widening the gap from yesterday's 6,5 million dong.

Currently, domestic gold is 10 million dong per tael lower than at the start of the year and approximately 45-47 million dong below the peak established in early March this year.

In the silver market, the metal's price also reversed to increase, reaching the 66,8 USD per ounce range. Major brands raised silver bar prices by approximately 4,5% compared to the end of yesterday.

Phu Quy and DOJI traded silver bars in the price range of 2,53 - 2,6 million dong per tael, which is approximately 67,5 - 69,5 million dong per kg. At Sacombank - SBJ, silver prices rose to 2,54 - 2,62 million dong per tael.

In recent days, domestic trading of gold bars and plain gold rings has been bustling with both buying and selling activity. Unlike previous periods of supply shortages, many major brands such as SJC, DOJI, and Mi Hong now have gold bars and plain gold rings readily available. At certain times, sales of plain gold rings were unlimited.

Experts believe that gold is currently under short-term adjustment pressure, but long-term supporting factors remain largely unchanged. Investors should maintain a long-term perspective, manage portfolios in a balanced manner, and avoid making emotional decisions in response to short-term fluctuations.

Quynh Trang