HCMC - Vietnam’s gold bar prices continued to climb early this afternoon, April 22, hitting VND124 million per tael on the selling side, an unprecedented level in the country’s gold market history.

At around 2:30 p.m., gold bar prices at major retailers—Saigon Jewelry Company (SJC), DOJI, and PNJ—were all listed at VND122 million per tael for buying and VND124 million per tael for selling. According to data from bieudogiavang.vn, prices rose by VND6 million per tael on both the buying and selling sides compared to the previous day’s close. The latest rate is also VND1.5 million higher than the earlier record of VND122.5 million per tael set in the morning. The buying-selling spread remains unchanged at VND2 million per tael. Gold ring prices also remained high. As of this afternoon, SJC quoted gold ring prices at VND116.5 million per tael for buying and VND119.5 million per tael for selling, with a price difference of VND3 million per tael. In related news, the State Bank of Vietnam today lowered the central exchange rate by VND30 to VND24,877 per U.S. dollar. With a trading band of 5%, the ceiling rate is set at VND26,120 and the floor rate at VND23,633, according to the Vietnam News Agency. At 8:45 a.m., Vietcombank capped the U.S. dollar at VND25,710 for buying and VND26,070 for selling. Compared to the morning of April 21, the buying rate dropped by VND60 while the selling rate increased by VND60. At BIDV, the U.S. dollar was quoted at VND25,700 for buying and VND26,060 for selling, down VND40 on both sides compared to the morning of the previous day.