Gold prices today, January 22nd: SJC gold bars surpass 170 million VND/ounce.
On the morning of January 22nd, domestic gold prices surged to 170.5 million VND/ounce, while world gold prices reached a record high of 4,831 USD/ounce due to geopolitical tensions in Greenland.
The gold market witnessed historic volatility in the morning trading session on January 22nd, with the price of SJC gold bars officially surpassing 170 million VND per tael. This strong surge was driven by the breakout of world gold prices to record highs, reflecting risk aversion from global geopolitical instability and the need for reserve holdings by central banks.
Gold bar and gold ring prices have reached a new price level.
In the domestic market, major gold trading businesses have simultaneously adjusted their listed prices sharply upwards. The price of SJC, DOJI, and PNJ gold bars is currently trading at 168.5 – 170.5 million VND/ounce (buying price – selling price), an increase of 4.4 million VND/ounce in both directions compared to the previous session.
| Trademark | Buying price (million VND/ounce) | Selling price (million VND/ounce) | Change (compared to the previous session) |
|---|---|---|---|
| SJC, DOJI, PNJ | 168.5 | 170.5 | An increase of 4.4 million. |
| Bao Tin Manh Hai | 168.1 | 170.0 | An increase of 3.9 million. |
| Bao Tin Minh Chau | 168.0 | 170.0 | An increase of 3.9 million. |
| Phu Quy | 167.5 | 170.0 | An increase of 4.0 million. |
Gold rings also saw an upward trend, closely following gold bars. Specifically, SJC listed gold rings at 165.9 - 168.4 million VND/ounce, an increase of 4.9 million VND/ounce. Other companies such as Bao Tin Minh Chau and Phu Quy also adjusted their prices upwards by 3.9 - 4.5 million VND/ounce, pushing the selling price to fluctuate between 169 - 170 million VND/ounce.
Geopolitical pressure pushed world gold prices to a peak of $4,831.
On the international market, as of early morning on January 22nd, the price of gold was trading around $4,831 per ounce, an increase of $70 per ounce in just 24 hours. This is the first time in history that the price of the precious metal has exceeded $4,800 per ounce. Converted using the Vietcombank exchange rate (excluding taxes and fees), the world gold price is equivalent to approximately VND 153.7 million per tael, which is about VND 16.8 million lower than the domestic gold bar price.
The main reason for this record surge is the increasing geopolitical tensions related to US President Donald Trump's ambitions to control Greenland. In addition, concerns about public debt in Japan and instability in global financial markets have fueled the flow of money into safe-haven assets.
Central bank demand and market forecasts
Bob Haberkorn, senior market strategist at RJO Futures, commented: “The market is experiencing a fear of missing out (FOMO). Given the current context, this is truly a perfect storm for gold prices to surge.” Besides geopolitical factors, demand for gold from central banks such as Poland and Bolivia is also a significant driver.
Analysts from BNP Paribas believe that the new US tariff policy and the Federal Reserve's interest rate outlook are the main catalysts. Many financial institutions are now forecasting that gold prices could approach $5,000 per ounce in the second half of 2026. Investors are currently focusing their attention on President Donald Trump's speech at the World Economic Forum (WEF) for further signals on future policy direction.