At the end of the session on February 11 , the price of gold bars at SJC closed at 88-90.5 million VND/tael (buy - sell), down 300 thousand VND per tael for buying and down 800 thousand VND per tael for selling compared to the end of yesterday's trading session.

At the end of the session, the price of SJC gold rings of 1-5 chi was listed at 88-90.5 million VND/tael (buy - sell), unchanged in the buying direction but down 200 thousand VND per tael in the selling direction compared to the end of yesterday's session.

The price of 9999 gold rings at Doji closed the session at 87.8-90.4 million VND/tael, down 1.4 million VND per tael for buying and 800 thousand VND per tael cheaper for selling compared to yesterday's closing price.

This afternoon, the world gold price continued to decline. At 2:12 p.m. today (February 11, Vietnam time), the world spot gold price was at 2,916.9 USD/ounce, down 1.5 USD/ounce compared to this afternoon.

Following the same trend, domestic gold prices this afternoon were also adjusted downward.

The price of SJC 9999 gold early this afternoon continued to decrease by 300 thousand VND/tael in both buying and selling, to 88.4-90.9 million VND/tael (buying - selling).

At 4:40 p.m., the price of SJC 9999 gold continued to decrease by 400,000 VND/tael in both buying and selling prices, to 88-90.5 million VND/tael (buying - selling).

Gold ring prices this afternoon continued to be adjusted downward by brands.

Saigon Jewelry Company (SJC) early this afternoon lowered the price of 1-5 chi gold rings to 88.2-90.7 million VND/tael (buy - sell), a further decrease of 300 thousand VND per tael in both buying and selling compared to this afternoon.

At 4:40 p.m., SJC Company lowered the price of 1-5 chi gold rings to 88-90.5 million VND/tael (buy - sell), a further decrease of 200,000 VND per tael in both buying and selling.

Doji Gold and Gemstone Group also raised the buying and selling price of 9999 gold rings to 88.2-90.7 million VND/tael early this afternoon.

At 4:51 p.m. , Doji Gold and Gemstone Group lowered the buying and selling price of 9999 gold rings to 87.8-90.4 million VND/tael.

The world gold price dropped quite quickly this afternoon . At 11:54 am today (February 11, Vietnam time), the world spot gold price was at 2,918.4 USD/ounce, down 11.4 USD/ounce compared to this morning.

Domestic gold ring prices early this morning were adjusted up following world gold prices.

Saigon Jewelry Company (SJC) early this morning listed the price of gold rings type 1-5 at only 88.8-91.5 million VND/tael (buy - sell), an increase of 800 thousand VND per tael in both buying and selling compared to the end of yesterday's trading session.

At 9:17 a.m., SJC Company raised the price of gold rings of type 1-5 to only 89-91.7 million VND/tael (buy - sell), an increase of 200,000 VND per tael in both buying and selling compared to early this morning.

At 9:44 a.m., SJC Company reduced the price of gold rings of type 1-5 only to 88.8-91.5 million VND/tael (buy - sell), turning down 200 thousand VND per tael in both buying and selling.

At 11:20 a.m., SJC Company reduced the price of 1-5 tael gold rings to 88.5-91 million VND/tael (buy - sell), which means a further decrease of 300,000 VND per tael for buying and a decrease of 500,000 VND per tael for selling.

Similarly, Doji Gold and Gemstone Group early this morning also raised the price of 9999 gold rings to 90-91.7 million VND/tael (buy - sell), an increase of 800 thousand VND per tael for buying and 500 thousand VND per tael more expensive for selling compared to yesterday's closing price.

At 9:25 a.m., Doji Gold and Gemstone Group listed the price of 9999 gold rings at VND89.8-91.7 million/tael (buy - sell), down VND200,000 per tael for buying and unchanged for selling compared to early this morning.

At 10:03 a.m. , Doji Gold and Gemstone Group lowered the buying price of 9999 gold rings to 89.5 million VND/tael, down 300,000 VND per tael, while the selling price remained unchanged at 91.7 million VND/tael.

At 10:47 a.m. , Doji Gold and Gemstone Group reduced the buying and selling price of 9999 gold rings to 89.2-91.4 million VND/tael (buying - selling), down 300,000 VND per tael in both buying and selling directions.

Buy (VND/tael) Increase/decrease Sell ​​(VND/tael) Increase/decrease
SJC 88,000,000 0 90,500,000 - 200,000
Doji 87,800,000 - 1,400,000 90,400,000 - 800,000

                      SJC and Doji gold ring price list updated afternoon of February 11

Opening the trading session on February 11 , the price of SJC 9999 gold increased by 1.5 million VND per tael in both buying and selling compared to the closing price of yesterday's trading session, listed at 89.8-92.8 million VND/tael (buying - selling).

At 9:17 a.m., the price of SJC 9999 gold increased by 300,000 VND per tael in both buying and selling, to 90.1-93.1 million VND/tael (buying - selling).

At 9:44 a.m. , SJC Company again sharply adjusted the price of 9999 gold down to 89.3-92.3 million VND/tael (buy - sell), down 800 thousand VND per tael in both buying and selling directions.

At 10:15 a.m., SJC Company continued to reduce the price of 9999 gold to 89-92 million VND/tael (buy - sell), down another 300,000 VND per tael in both directions.

At 11:20 , SJC Company lowered the price of 9999 gold to 88.7-91.2 million VND/tael (buy - sell), a further decrease of 300 thousand VND per tael for buying and a decrease of 800 thousand VND per tael for selling.

The price of 9999 gold was listed by Saigon Jewelry Company Limited (SJC) at 4:40 p.m. and the price of 9999 gold was listed by Doji Jewelry Group at 4:51 p.m. as follows:

Buy (VND/tael) Increase/decrease Sell ​​(VND/tael) Increase/decrease
SJC HCMC 88,000,000 - 300,000 90,500,000 - 800,000
Doji Hanoi 88,000,000 - 300,000 90,500,000 - 800,000
Doji HCMC 88,000,000 - 300,000 90,500,000 - 800,000

SJC and Doji gold bar price list updated on the afternoon of February 11

The central exchange rate on February 11 announced by the State Bank was 24,522 VND/USD, an increase of 35 VND compared to the previous trading session. The USD price at commercial banks this morning (February 11) was commonly listed at 25,180 VND/USD (buy) and 25,570 VND/USD (sell).

At 8:33 a.m. today (February 11, Vietnam time) , the world spot gold price was at 2,929.8 USD/ounce, up 27.1 USD/ounce compared to last night. The gold futures price for April 2025 on the Comex New York floor was at 2,954.3 USD/ounce.

On the morning of February 11 , the world gold price converted to USD bank price was over 91.2 million VND/tael, including tax and fees, about 1.6 million VND/tael lower than the domestic gold price.

The price of gold on the Kitco floor at 8:00 p.m. (February 10, Vietnam time) was trading at $2,902.7/ounce, up 1.41% from the beginning of the session. The price of gold futures for delivery in April 2025 on the Comex New York floor was trading at $2,935.1/ounce.

At the beginning of the trading session on February 10 (US time), the world gold price increased sharply, firmly above 2,900 USD/ounce, due to the strong increase in demand from investors looking for a safe haven.

Commenting on the gold price in the coming time, most experts and retailers are optimistic about the market continuing to improve. According to James Stanley, senior market strategist of Forex, it is difficult to reduce the price in the current context, because there is still no sign that the gold's upward momentum is over.

Adrian Day, chairman of Adrian Day Asset Management, stressed that the momentum that drove gold prices over the past year is still intact. According to him, gold will enter a new bull cycle.

Screenshot 2024 11 05 112635.png
World gold prices increase sharply. Photo: Hoang Ha

Analysts said that after the speech at the first monetary policy meeting of 2025 by the Chairman of the US Federal Reserve (Fed) Jerome Powell, the market is waiting for the next statements of the head of the US Central Bank at the upcoming congressional hearing.

In addition, gold traders also pay attention to the US consumer price index (CPI) report for January, the producer price index (PPI), the number of weekly unemployment claims and the January retail sales report to make comments on the next direction of gold.

While upcoming jobs and CPI data will likely continue to support the US dollar and US yields, putting pressure on gold, Bannockburn Global Forex CEO Marc Chandler said that concerns about rising geopolitical uncertainty will continue to drive demand for gold.

In the domestic market, at the end of the session on February 10, the price of 9999 gold bars at SJC was VND88.3 million/tael (buy) and VND91.3 million/tael (sell). Doji listed the price of gold bars at VND88.3 million/tael (buy) and VND91.3 million/tael (sell).

SJC announced the price of gold rings of type 1-5 at only 88-90.7 million VND/tael (buy - sell). Doji listed the price of 9999 smooth round gold rings at 89.2-91.2 million VND/tael (buy - sell).

Gold Price Forecast

FxPro market analyst Alex Kuptsikevich predicts that the gold bull run has just begun and that $3,000 an ounce is just the beginning. He predicts that the price of the precious metal is likely to reach $3,400 an ounce between August and October this year.

Adrian Day even predicted that gold prices will reach $3,500-4,000/ounce in the next 12 months and emphasized that "this is just the beginning of the precious metal before entering a new growth phase".

Mr. Trump's new attack, gold price reaches historic peak. World gold price jumps to historic peak, nearly reaching 2,900 USD/ounce. Domestically, SJC gold price climbs, while gold ring breaks record, reaching 91.2 million VND/tael. Gold price increases even though God of Wealth's day has passed.