HCMC – Domestic gold prices surged sharply on the morning of February 4, with both SJC-branded gold bars and gold rings trading above VND180 million per tael.

As of 9:00 a.m., the domestic gold market recorded another strong increase of up to VND3.7 million per tael. SJC-branded gold quoted by Saigon Jewelry Company (SJC), DOJI and Phu Quy Group stood at VND177.2 million for buying and VND180.2 million for selling, up VND3.7 million from the February 3 close. Gold rings also posted similar gains. Bao Tin Minh Chau and Phu Quy Group listed gold ring prices at VND177.2–180.2 million per tael (buy-sell), up VND3.7 million compared to the previous session. On the global market, gold prices climbed above the US$5,000-per-ounce mark, trading at around US$5,051 per ounce. This is equivalent to approximately VND159.3 million per tael based on Vietcombank’s exchange rate, about VND20.9 million per tael lower than domestic SJC prices. On the same morning, the State Bank of Vietnam set the central exchange rate at VND25,067 per U.S. dollar, down VND2 from the previous day. Vietcombank and VietinBank kept the U.S. dollar unchanged at VND25,790–26,180 (buy/sell) and VND25,800–26,180, respectively. BIDV lowered its rates by VND5 to VND25,820–26,180, while Eximbank cut its rates by VND30 to VND25,790–26,180.