started · updated
Vietnam gold prices remain stable as global markets face volatility
Domestic gold prices in Vietnam have remained largely stable, with major brands including SJC, DOJI, PNJ, and Phu Quy maintaining SJC gold bar prices at approximately 145.7 million VND for buying and 148.7 million VND for selling. However, the gold ring segment has shown divergence, with some brands reporting price decreases while others saw slight increases.
Globally, gold prices have faced significant downward pressure, fluctuating around 4,430 to 4,456 USD per ounce. This volatility is driven by market anticipation of US Federal Reserve policy shifts following hawkish signals from Fed Chair Kevin Warsh at Jackson Hole, alongside rising US Treasury yields and geopolitical tensions in the Middle East. The gap between domestic SJC gold prices and international market rates remains substantial, often exceeding 7 to 9 million VND per tael.
Entities
Bao Tin Minh Chau · Doji · Federal Reserve · Kevin Warsh · PNJ · Phú Quý · SJC · Vietnam
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] SJC, DOJI, PNJ, and Phu Quy listed SJC gold bars at 145.7 million VND/tael for buying and 148.7 million VND/tael for selling.
- [○ 1 SOURCE] Domestic gold bar prices remained 7-8 million VND/tael higher than the converted global price.
- [○ 1 SOURCE] Global spot gold prices fluctuated around 4,460 USD/ounce at the start of the morning session.
- [○ 1 SOURCE] DOJI listed 9999 gold rings at 145.7 million VND/tael for buying and 149.7 million VND/tael for selling.
- [● 2 SOURCES] The spread between buying and selling prices for gold bars remained at 3 million VND/tael.
- [○ 1 SOURCE] The converted global gold price was approximately 141 million VND/tael.