SJC gold has witnessed record rallies since the beginning of the year. — VNA/VNS Photo
At 1.45pm, gold bars at Saigon Jewelry Company Limited (SJC) and Phu Quy Group were quoted at VND98.3 million per tael (USD3,848.49) for sellers and VND99.8 million per tael for buyers.
Similarly, SJC gold bars at Bao Tin Minh Chau were traded at VND98.4 million for sellers and VND99.8 million for buyers.
These are the highest-ever prices for Vietnamese SJC gold bars. Prices have soared over 17 percent since the beginning of the year.
Domestic gold prices since the beginning of 2024. Graphic: Ly Ly Cao
Gold rings are also seeing strong growth, quoted at VND98.2 million per tael for sellers and VND99.7 million for buyers.
The surge is driven by a record-breaking streak in international gold prices.
The spot price of gold rose to hit a record high on Wednesday, as tensions in the Middle East and US President Donald Trump's tariff plans lifted the bullion's safe-haven appeal.
Prices per ounce reached above the USD3,000 threshold for the first time on March 14.
Given the strong increase in the market, experts have warned investors to be cautious before making any investing decisions.
