SJC gold price gradually decreased towards the end of the week

On the morning of January 30, each tael of gold was traded at around 32.8 million VND after an upward trend in the sessions of the week.

Opening on the morning of January 30, DOJI Gold and Gemstone Group listed the price of gold bars at 32.78 - 32.85 million VND per tael. Compared to the end of yesterday, the price of gold remained almost unchanged. Similarly, at Phu Nhuan Jewelry Company (PNJ), each tael of gold was listed for buying and selling at 32.64 - 32.91 million VND per tael.

Gold price is still around 32.8 million VND per tael.

Thus, the price of SJC gold may end a month of price increases, but the increase is quite cautious compared to the world. If an amount of SJC gold only increased by about 50,000 VND compared to the beginning of January, each ounce of international gold has increased by 5% thanks to the instability in the Chinese stock market and potential risks globally. At the end of the US session yesterday, spot gold increased by 0.2% to 1,116.46 USD. This price, if converted to Vietnamese currency, is equivalent to nearly 30 million VND per ounce of gold.

Throughout the week, SJC gold prices fluctuated almost in line with the world’s upward trend but turned to decrease at the end of the week. The disconnection with international gold prices made the domestic market more quiet and sparse. The demand of most investors was not high, causing the gold price to remain “stuck” and fluctuate below 33 million.

In the foreign exchange market, the exchange rate has not changed much compared to the end of January 29. At Vietcombank, one US dollar is bought and sold at 22,165 22,235 VND.

According to VNE