Domestic gold prices hit a record high of 166.1 million VND/ounce as world prices surpassed $4,760.
On the morning of January 21, 2026, the price of gold bars and gold rings simultaneously reached 166.1 million VND per tael. This strong upward trend closely followed the new world record of 4,763.52 USD per ounce.
Domestic gold prices this morning, January 21, 2026, officially set a new record as both gold bars and gold rings simultaneously surpassed 166 million VND per tael. This surge occurred against the backdrop of world gold prices reaching a historical peak of 4,763.52 USD per ounce, reflecting the safe-haven asset sentiment amid complex geopolitical fluctuations on a global scale.
World gold prices hit a new all-time high at $4,763.52.
As of 06:00:40 on January 21, 2026, the international gold price (XAU) reached $4,763.52 per ounce. Compared to the previous 24 hours, the precious metal has increased by 1.82%, equivalent to an increase of $84.99 per ounce. Since the beginning of the year, the world gold price has grown by approximately 79%, strongly driven by increased demand for safe-haven assets.
This rapid surge is directly influenced by concerns about geopolitical risks. According to the Global Risks Report 2026, recently released by the World Economic Forum (WEF) in Davos, Switzerland, geoeconomic conflict has been identified as the biggest risk this year. The survey shows that approximately 50% of international leaders predict the world will fall into a state of chaos or significant upheaval in the next two years.
Domestic market: Gold bars and gold rings both see a sharp increase.
Following the global upward trend, major gold brands in Vietnam adjusted their prices upwards by 1.1 to 1.6 million VND per tael at the beginning of trading on January 21st. Notably, the selling price of gold rings at some retailers has risen to match the price of gold bars, reflecting the significant demand for physical gold as a store of value among the population.
| Trademark | Buying price (million VND/ounce) | Selling price (million VND/ounce) | Increase |
|---|---|---|---|
| SJC (Gold bars) | 164.1 | 166.1 | +1.1 million VND |
| Bao Tin Minh Chau (Gold Rings) | 163.1 | 166.1 | +1.6 million VND |
| Phu Quy (Gold Bars) | 163.5 | 166.1 | +1.5 million VND (purchase) |
| DOJI / PNJ (Gold Rings) | 161.0 | 164.0 | +1 million VND |
Warning about spread and price volatility risks.
Although the long-term trend for precious metals remains positive, experts are issuing important warnings about short-term risks for retail buyers. Currently, businesses maintain a high spread between buying and selling prices, commonly ranging from 2 to 3 million VND per tael, to hedge against rapid price fluctuations.
More notably, the difference between domestic and international gold prices (converted to Vietnamese dong) currently fluctuates between 14 and 15 million dong per ounce. This large gap poses a risk of losses if the international market experiences unexpected corrections or cooling down. Policymakers advise investors to exercise caution when participating in the market at record price levels.
