CaliToday (19/12/2025): The domestic precious metals market is witnessing a historic surge today as the price of SJC gold bars officially establishes a dizzying new peak. Amidst global economic fluctuations and heightened year-end demand, the "yellow metal" continues to assert its position as the undisputed king of safe-haven assets in Vietnam.
1. Market Snapshot: The Numbers Game
As of this morning, major jewelry houses and state-owned banks have adjusted their trading charts to unprecedented levels. The psychological barrier has been broken with force:
Buying Price (Bid): 154,400,000 VND / tael
Selling Price (Ask): 156,400,000 VND / tael
Note: The spread between buying and selling prices is currently held at 2,000,000 VND per tael. This wide gap indicates that gold houses are hedging against potential volatility during the trading session, urging investors to be cautious of short-term risks.
2. What is Fueling the Rally?
The vertical trajectory of domestic gold prices is not happening in a vacuum. Analysts point to a "perfect storm" of three key drivers:
Global Synchronization: International gold prices are reacting sharply to the latest US inflation reports (CPI rose 2.7% in Nov) and uncertainty regarding Federal Reserve interest rate policies for 2026. As the global spot price fluctuates violently, the domestic market is pricing in future premiums.
The Exchange Rate Factor: With the USD/VND exchange rate hovering high around 26,324 VND, the cost of importing raw gold has increased, naturally pushing up the retail price of gold bars.
Seasonal "Gold Fever": We are entering the peak season for gold consumption in Vietnam. With the wedding season in full swing and the Lunar New Year (Tet) approaching, consumer demand for physical gold for hoarding, gifting, and jewelry is skyrocketing, creating a supply-demand squeeze.
3. Investor Sentiment: Caution or FOMO?
The atmosphere at "Gold Streets" (such as Tran Nhan Tong in Hanoi or District 5 in HCMC) is tense but active.
Holders Rejoice: Long-term investors are seeing massive returns. Those who bought earlier in the year are sitting on significant profits.
Buyers Hesitate: With the price exceeding 156 million VND, new retail investors are facing a dilemma: Is this the ceiling, or will it break 160 million? The Fear Of Missing Out (FOMO) is clashing with the fear of buying at the top.
4. Expert Outlook
Financial experts recommend prudence. While the long-term trend for gold remains positive due to geopolitical instability (Russia-Ukraine tensions), the current price is extremely sensitive to news.
"Investors should closely monitor the US Dollar index and tonight's global closing prices. Entering the market at an all-time high carries liquidity risks, especially with the 2-million-dong spread."