On 21/2 (the 5th day of Tet), some brands reopened after the Lunar New Year holiday. Phu Nhuan Jewelry Joint Stock Company (PNJ) listed bullion gold prices at 178 - 181 million dong per tael, an increase of 2 million dong compared to before the holiday. Bao Tin Manh Hai also listed bullion gold prices at 178 - 181 million dong.

For plain gold rings, PNJ raised prices to 177,5 - 180,5 million dong per tael. Blister-packed round rings at Bao Tin Manh Hai also saw an increase, reaching around 179,5 - 182,5 million dong, a rise of 2 million dong for both buying and selling prices.

Other major brands such as SJC, DOJI, and Phu Quy have not yet reopened.

Gold displayed at a jewelry store in Hanoi, 11/2025. *Photo: Hoang Giang*

The premium of domestic gold over international prices remains elevated at 20-21 million dong per tael. On the international market, each ounce of spot gold traded around 5.105 USD at 15h (Hanoi time), an increase of more than 100 USD over the past day.

The global precious metals market rose due to lower-than-expected US GDP data and President Donald Trump's reaction after the Supreme Court ruled against some of his import tariffs. Converted at Vietcombank's selling exchange rate, world gold prices were equivalent to 160,9 million dong per tael.

In its latest forecast, JP Morgan Bank predicts world gold prices could reach 6.300 USD per ounce this year, driven by purchases from central banks and investors. The bank anticipates central banks will purchase 800 tons of gold this year, assessing that reserve diversification is ongoing and far from exhausted.

"We remain optimistic about medium-term gold prices, thanks to robust asset diversification trends, especially as real assets are outperforming stocks and bonds," the firm noted.

Quynh Trang