SJC gold bar price continues to set new peak on the morning of August 28

(NLDO) – The price of SJC gold bars has not stopped increasing, surpassing the 128 million VND/tael mark following the upward trend of world prices.

SJC gold bar price continues to set new peak

On the morning of August 28, the domestic gold market continued to record unexpected fluctuations when the price of SJC gold bars increased by 200,000 VND per tael compared to yesterday. Specifically, Saigon Jewelry Company (SJC) listed the buying price at 126.7 million VND/tael and the selling price at 128.2 million VND/tael.

Not only SJC, large gold businesses and commercial banks such as PNJ, DOJI, Eximbank, Sacombank orACB all keep gold bar prices at record peaks.

This is the third consecutive day that gold bar prices have climbed, reinforcing the upward trend despite mixed fluctuations in the international market.

Notably, the price gap between small gold shops in Ho Chi Minh City and large companies is also gradually narrowing. While a few days ago, the difference could be up to 2-3 million VND per tael, currently the price of SJC gold bars at shops is only about 400,000 VND higher than at large companies, with common transactions around 127.6 million VND/tael for buying and 128.6 million VND/tael for selling.

The upward trend is not only seen in gold bars but also in 99.99% gold rings and jewelry. Businesses are currently listing buying prices at around VND120.1 million/tael and selling prices at VND122.6 million/tael, also up VND200,000 compared to the previous session.

SJC gold bar price increased again this morning

Both SJC gold bar and gold ring prices continued to increase in the context of high market demand and limited supply.

According to the reporter of Nguoi Lao Dong Newspaper, many people have switched to buying gold rings when gold bars are often in short supply. The price of gold rings is also much lower than that of gold bars.

SJC gold bar price increases following the world

Domestic gold prices have increased sharply due to the influence of world prices. In the international market, gold prices are trading at 3,686 USD/ounce today, up about 10 USD/ounce compared to the previous session. The cooling of the USD also supported the increase in gold prices.

At the same time, investors are cautious about geopolitical and economic instability in the US related to President Trump's repeated criticism of the US Federal Reserve's (FED) interest rate policy.

SJC gold bar price has increased continuously in recent days

In the domestic market, according to analysts, gold prices have not yet reacted much to the new regulations in Decree No. 232/2025/ND-CP amending and supplementing a number of articles of Decree 24/2012/ND-CP on the management of gold trading activities.

The important highlight of this decree is to officially abolish the state monopoly mechanism in the production of gold bars, as well as the monopoly on the export and import of raw gold to produce gold bars. This is considered a major turning point for the gold market after many years of operating under the strict framework of Decree 24.

Many people expect that when the new decree is implemented, the domestic gold market will have more supply, thereby contributing to cooling down gold prices.

Currently, the world gold price converted according to the listed exchange rate is about 108.3 million VND/tael.

Source: https://nld.com.vn/gia-vang-mieng-sjc-tiep-tuc-lap-dinh-moi-trong-sang-28-8-19625082809195196.htm