Vietnam gold prices dip below 150 million VND, investors face losses

Vietnam’s gold market continued to weaken in mid‑July 2026. Major retailers such as SJC, DOJI, Phú Quý and Bảo Tín listed gold‑piece prices around 144‑147 million VND per liang, keeping the average below the 150 million VND threshold. Prices fell roughly 1.4 million VND since the start of the week, widening the spread between buying and selling rates to about 3 million VND and exposing short‑term buyers to potential losses of up to 4 million VND per liang. Wall Street analysts surveyed by Kitco projected further declines, with most expecting lower prices in the coming week.

Consumers looking to sell gold were reminded to bring purchase receipts, identification and any certificates or packaging, although sales can proceed without a receipt after additional verification. The guidance emphasized comparing purchase offers from at least two or three dealers, as buy‑back rates can differ by tens to hundreds of thousands of VND per liang.

In Dong Thap province, the Hồng Phúc jewellery shop abruptly closed on 16 July, prompting local authorities to monitor crowding at nearby gold shops and maintain public order. The shop announced a two‑month suspension for restructuring.

Meanwhile, the Vietnamese đồng‑USD exchange rate remained in a narrow band, with the central bank’s reference rate at 25.254 VND per USD and commercial banks quoting around 26.0 VND for buying and selling. The USD index held near 100.7 points, reflecting limited movement amid mixed Fed‑related expectations.