Gold jewellery at Bảo Tín Mạnh Hải gold company. Domestic gold prices remain relatively stable with selling price set at VNĐ79.2 million per tael ($3,217) at most shops. — VNA/VNS Photo Trần Việt

HÀ NỘI — The selling price of gold bars in Việt Nam increased sharply on Tuesday after remaining relatively stable for almost two weeks.

Globally, spot gold prices have been rising continuously, approaching the US$2,600 per ounce mark.

At SJC Company, the buying and selling price for SJC-branded gold bars is listed at VNĐ80 million per tael ($3,250) and VNĐ82 million ($3,331), respectively, an increase of VNĐ1.5 million ($61) per tael from Monday.

SJC is the only gold bar producer in Việt Nam, licensed by the State Bank.

The prices are in the same ballpark at PNJ, Bảo Tín Minh Châu, Phú Quý and DOJI Group.

The buying price is a little higher at Mi Hồng, at VNĐ81 million per tael ($3,290).

At State-owned commercial banks Agribank, BIDV, Vietcombank, and VietinBank, the selling price for SJC gold bars is the same as at private shops at VNĐ82 million per tael.

Privately-owned Asia Commercial Joint Stock Bank (ACB) and Eximbank also both listed their selling price at VNĐ82 million. Their buying price is VNĐ80 million and VNĐ80.5 million, respectively.

Privately-owned TPBank’s buy/sell prices are about VNĐ1.5 million higher than the market. They are at VNĐ81.5 million and VNĐ83.5 million per tael, respectively.

For gold rings, prices remain stable with selling price set at VNĐ79.2 million per tael ($3,217) at most shops, including SJC, PNJ, DOJI Group, Phú Quý and Bảo Tín Minh Châu.

The buying price is VNĐ77.9 million per tael at most shops, except at Bảo Tín Minh Châu where it’s set at VNĐ78 million.

Globally, at 10am on Tuesday, the spot gold price stands at $2,587.98 per ounce, while gold futures have surpassed $2,601 USD per ounce.

Converting this to the bank exchange rate, the global gold price is equivalent to VNĐ78 million per tael (including taxes). — VNS