Gold Hits New Peak at 129.3 Million: Gold Rush or Speculation Bubble?

Impressive Surge on August 30

Gold prices today continued to set new records with SJC gold bars commonly selling at 129.3 million VND per tael, up 800,000 VND per tael in just one day. From my precious metals market monitoring experience that Bob Volman taught me, such sudden surges usually signal strong fundamental factors at work.

Differentiation Among Gold Brands

What's interesting is the clear disparity between gold brands. Mi Hong increased the most with over 1.1 million VND per tael, while DOJI only rose 400,000 VND. Al Brooks taught me that when there's such differentiation, it usually reflects different supply sources and business strategies of each unit.

Gold Jewelry Not Far Behind

Gold jewelry prices commonly range from 120.6-124.2 million VND per tael, up 300,000-900,000 VND. With the TramNgo FX-Crypto Community, we understand that gold jewelry usually has better liquidity and is the choice of many retail investors.

Domestic-International Gap Remains Sky High

International gold at 3,436 USD per ounce equals 109.8 million VND per tael, 19.5 million VND lower than domestic prices. This gap remains at high levels, showing very strong domestic demand and restricted supply.