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 87.4-90.2 million VND/tael (buy - sell), an increase of 700 thousand VND per tael for buying and 500 thousand VND per tael more expensive for selling compared to the end of yesterday's trading session.

At 10:40 a.m., SJC Company raised the price of 1-5 chi gold rings to 87.7-90.5 million VND/tael (buy - sell), an increase of 300 thousand VND per tael in both buying and selling compared to early this morning.

Similarly, Doji Gold and Gemstone Group early this morning also raised the price of 9999 gold rings to 88.7-90.4 million VND/tael (buy - sell), an increase of 200 thousand VND per tael in both buying and selling compared to yesterday's closing price.

At 10:40 a.m. , Doji Gold and Gemstone Group raised the buying price of 9999 gold rings to VND89 million/tael, an increase of VND300,000 per tael compared to early this morning, while the selling price remained at VND90.4 million/tael.

Buy (VND/tael) Increase/decrease Sell ​​(VND/tael) Increase/decrease
SJC 87,700,000 + 1,000,000 90,500,000 + 800,000
Doji 89,000,000 + 500,000 90,400,000 + 200,000

SJC and Doji gold ring price list updated on the morning of February 13

Opening the trading session on February 13 , the price of SJC 9999 gold increased by 700 thousand VND per tael for buying and 200 thousand VND per tael for selling compared to the closing price of yesterday's trading session, listed at 87.4-90.4 million VND/tael (buying - selling).

At 10:40 a.m. , the price of SJC 9999 gold increased by 300,000 VND per tael in both buying and selling prices, to 87.7-90.7 million VND/tael (buying - selling).

The price of 9999 gold was listed by Saigon Jewelry Company Limited (SJC) at 10:40 a.m. and the price of 9999 gold was listed by Doji Jewelry Group at 11:12 a.m. as follows:

Buy (VND/tael) Increase/decrease Sell ​​(VND/tael) Increase/decrease
SJC HCMC 87,700,000 + 1,000,000 90,700,000 + 500,000
Doji Hanoi 87,700,000 + 1,000,000 90,700,000 + 500,000
Doji HCMC 87,700,000 + 1,000,000 90,700,000 + 500,000

                                    SJC and Doji gold bar price list updated on the morning of February 13

The central exchange rate on February 13 announced by the State Bank was 24,572 VND/USD, an increase of 22 VND compared to the previous trading session. The USD price at commercial banks this morning (February 13) was commonly listed at 25,350 VND/USD (buy) and 25,740 VND/USD (sell).

At 8:27 a.m. today (February 13, Vietnam time), the world spot gold price was at 2,902.7 USD/ounce, up 16.7 USD/ounce compared to last night. The gold futures price for April 2025 on the Comex New York floor was at 2,929 USD/ounce.

On the morning of February 13 , the world gold price converted to USD bank price was over 91 million VND/tael, including tax and fees, about 600 thousand VND/tael higher than the domestic gold price.

As of 8:00 p.m. on February 12 (Vietnam time), the spot gold price today on the international market was at $2,886/ounce. Gold for April 2025 delivery on the Comex New York floor was at $2,914/ounce.

The world gold price on the night of February 12 was about 39.9% higher (823 USD/ounce) than at the beginning of 2024. The world gold price converted to the bank USD price was 90.4 million VND/tael, including taxes and fees, about 200 thousand VND/tael higher than the domestic gold price as of the end of the afternoon session on February 12.

Gold prices in the international market decreased after a breakthrough to a historical peak. The prices of SJC gold bars and gold rings in the country continued to fall dramatically and for the first time in many years, they were lower than the converted world gold price.

Previously, there was a time when SJC gold was 18-20 million VND/tael higher than international prices.

At 8:45 p.m. on February 12 (Vietnam time), the spot gold price dropped to $2,865/ounce, much lower than the historical peak of $2,930/ounce at noon on February 11 (Vietnam time) after the US announced higher-than-expected inflation.

Specifically, at 8:30 p.m. on February 12 (Vietnam time), the US announced that the consumer price index (CPI) in January increased by 3% compared to the same period last year, higher than the expected 2.9%. Inflation in January compared to the previous month increased by 0.5%, higher than the expected 0.3%.

This information immediately pushed the USD up sharply. The DXY index increased to 108.5 points, compared to 107.9 points before the CPI announcement.

Earlier, on February 11, US Federal Reserve Chairman Jerome Powell said the US economy was growing steadily and the Fed was in no rush to cut interest rates. But the Fed was prepared to do so if inflation fell or the job market weakened.

However, $2,865/ounce is still very high, at a historical peak, much higher than $2,625/ounce at the end of 2024 and $2,063/ounce at the end of 2023.

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Domestic gold prices plummet. Photo: N. Hue

In the country, although the world gold price is still high and the converted price is still around 90-90.4 million VND/tael, the selling pressure to take profit is still overwhelming, while the buying demand is quite low. This causes the gold price that gold trading enterprises buy to decrease sharply, the selling price also decreases and for the first time in many years, there is a period of time lower than the converted world gold price.

After SJC gold reached a record high of 93.1 million VND/tael (sold), and gold rings in some places reached over 91.5 million VND/tael at noon on February 11, gold prices in the domestic market simultaneously dropped sharply.

By the end of the trading session on February 12, the price of 9999 gold bars at SJC and Doji was listed at VND86.7-90.2 million/tael (buy - sell), down VND1.3 million/tael for buying and down VND300,000 for selling compared to the previous session.

SJC announced the price of gold rings of type 1-5 at only 86.7-89.7 million VND/tael (buy - sell), down 1.3 million VND for buying and down 800,000 VND for selling. Doji listed the price of 9999 round gold rings at 88.5-90.2 million VND/tael (buy - sell), down 200,000 VND/tael for selling compared to the previous session.

The difference between buying and selling gold prices at businesses has been widened to 3.5 million, instead of 1-2.5 million VND/tael as before.

The converted world gold price is at a very high level in the context of the USD/VND exchange rate in Vietnam reaching a historical peak: 25,500 VND (buy) and 25,740 VND (sell).

Gold Price Forecast

The international gold market is under pressure to take profits after a strong increase earlier. This pressure is expected to continue in the short term. Information about high US inflation will cause the Fed to continue to delay lowering interest rates. This will put pressure on gold.

But in the long term, demand for precious metals is still very large and gold prices may continue to increase.

Besides, Mr. Trump tends to pressure the Fed to lower interest rates.

World gold prices have remained high amid global uncertainties and bottom-fishing demand appears every time gold prices adjust sharply. Demand from central banks and gold ETFs remains very high.

Investors are also very cautious about the tax policies of the administration of US President Donald Trump.

Citigroup has just predicted that the price of gold will reach $3,000 in March.

Gold price surpasses 2,900 USD for the first time, sets new records: About to reach 95 million VND Gold price on the international market has been increasing continuously, continuously setting new records in the context of escalating trade tensions and inflation showing signs of increasing again. Gold rings have reached a new peak, while SJC bars may soon reach 95 million VND.