Gold price soars to 92.3 million VND/tael, highest ever

The price of SJC gold bars at the end of today, February 20, jumped to 92.3 million VND/tael. This is the highest price ever.

World gold price falls vertically after setting all-time record - Screenshot

World gold price falls vertically after setting record

The price of SJC gold bars increased sharply after the world gold price set a new record at 2,955 USD/ounce this afternoon.

However, by tonight, the world gold price fell sharply to 2,923.6 USD/ounce.

Converted according to the exchange rate listed at the bank, the world gold price is equivalent to 90.62 million VND/tael.

At the end of today, the selling price of SJC gold bars jumped to 92.3 million VND/tael. The buying price increased to 90 million VND/tael.

The price of 9999 gold rings also increased to 92.1 million VND/tael (sell) and 89.9 million VND/tael (buy), an increase of 300,000 VND/tael compared to yesterday.

PNJ Company also raised the buying and selling price of gold bars to the same level as SJC Company.

Notably, the selling price of 9999 gold rings at PNJ is almost equal to the price of gold bars: 92.2 million VND/tael. The buying price of PNJ gold rings exceeds the buying price of gold bars, at 90.4 million VND/tael, an increase of 300,000 VND/tael compared to yesterday.

Gold ring price exceeds 92 million VND/tael

Gold ring price exceeds 92 million VND/tael - Photo: THANH HIEP

At other gold companies, the price of 9999 gold rings is also pushed up very high.

At Bao Tin Minh Chau Company, the price of 9999 gold rings increased to 92.4 million VND/tael, buying at 90.6 million VND/tael, an increase of 400,000 VND/tael for selling and 450,000 VND/tael for buying.

At Mi Hong gold shop, at the end of today, the selling price of SJC gold bars was 91.8 million VND/tael, the buying price was 90.3 million VND/tael.

According to expert Tran Duy Phuong, the world gold price reached an all-time high after US President Donald Trump said he was considering imposing a 25% tax on lumber and forest products, effective around April 2.

Since taking office for a second term as president on January 20, Mr. Trump has initiated a number of tariffs and made numerous threats to impose tariffs.

However, according to expert Tran Duy Phuong, the pressure to adjust gold is very large because it has increased rapidly over the past time.

In a recent report, US bank Goldman Sachs raised its forecast for gold prices by the end of this year to $3,100/ounce based on the buying trend of central banks and ETFs.

Statistics show that central banks net bought 108 tons of gold in December 2024, of which China net bought 45 tons of gold.

Source: https://tuoitre.vn/gia-vang-vot-len-92-3-trieu-dong-luong-cao-nhat-moi-thoi-dai-20250220214525158.htm