Gold prices climb to approximately VND67 million per tael

This comes following the morning trading session in which the Saigon Gold and Jewelry Company quoted its SJC gold price at VND65.5 million for buying and VND66.4 for selling.

These latest price changes represent rises of VND550,000 for buying and VND750,000 for selling in comparison with the prices recorded on February 24. 

Furthermore, DOJI Group listed each tael of SJC gold at between VND65 million and VND66.4 million for buying and selling, thereby marking respective decreases of VND200,000 and VND1.1 million compared to the previous trading day.

In terms of a global perspective, the trading session on February 25 witnessed the world’s gold prices hover at around US$1,976 per ounce, up US$5.2 per ounce from the previous day.

In relation to the local forex market, the State Bank of Vietnam moved to adjust the exchange rate of major foreign currencies, with US$1 now being exchanged for VND22,960.

The world’s gold prices are equivalent to VND54.66 million per tael when converted using the domestic exchange rate, VND11.74 million per tael lower than SJC gold prices in the Vietnamese market at the same time.