Gold prices today, January 21st: SJC gold reaches a peak of 166.1 million VND, global gold prices hit a historical high.
Gold prices on January 21st simultaneously reached historical highs. Domestically, SJC gold touched 166.1 million VND/ounce, while world prices surged to 4,763 USD/ounce.
The gold market on January 21st witnessed a surge as both domestic and international gold prices simultaneously reached all-time highs. The strong demand for safe-haven assets amidst complex geopolitical circumstances was the main driving force behind the rise in this precious metal.
SJC gold bars set a new record of 166.1 million VND/ounce.
This morning, major gold trading companies in Vietnam such as SJC, DOJI, PNJ, and Bao Tin Minh Chau simultaneously adjusted the price of gold bars upwards by 1.1 million VND/ounce in both buying and selling directions. The commonly listed price now stands at 164.1 million VND/ounce (buying) and 166.1 million VND/ounce (selling). This is the highest price in the history of SJC gold bar trading.
| Trademark | Buying price (Million VND/ounce) | Selling price (Million VND/ounce) |
|---|---|---|
| SJC, DOJI, PNJ | 164.1 | 166.1 |
| Bao Tin Manh Hai | 164.2 | 166.1 |
| Phu Quy SJC | 163.5 | 166.1 |
The gold ring market also recorded a sharp increase of 1-1.5 million VND/ounce. Specifically, SJC gold rings were listed at 161-163.5 million VND/ounce. At Phu Quy, the selling price of gold rings reached 164.5 million VND/ounce, while Bao Tin Minh Chau maintained the highest selling price in the market at 166.1 million VND/ounce.
World gold prices surpass $4,760 per ounce.
On the international market, spot gold prices continued to surge by more than $60/ounce, currently trading around $4,763/ounce. Converted using the Vietcombank exchange rate, this is equivalent to approximately VND 151.5 million/ounce. Notably, the February gold futures contract increased by $157, reaching $4,752/ounce. Since the beginning of 2025, the precious metal has grown by approximately 79% in value.
Factors driving the price surge
The phenomenal surge in gold prices is supported by a confluence of factors. Besides investor risk aversion, geopolitical tensions in the Middle East, Iran, and the Russia-Ukraine conflict continue to play a key role. In particular, statements regarding tariff policies from US President Donald Trump against several European countries have increased market uncertainty.
Furthermore, the de-dollarization strategy through large-scale gold purchases by central banks, along with concerns about the fiscal sustainability and public debt of the US, are reinforcing gold's position as an optimal store of value. Experts believe that if current risks are not addressed, the target of $5,000 per ounce in 2026 is entirely achievable.
