During today’s trading session, gold ring prices continued to surge across various retailers. Specifically, Bao Tin Minh Chau listed prices at 156 – 159 million VND per tael; Bao Tin Manh Hai at 155.5 – 156 million VND per tael; PNJ at 150.6 – 152.1 million VND per tael; SJC at 150 – 152.2 million VND per tael; and DOJI at 151.4 – 152.9 million VND per tael.
For gold bars, prices hovered around 151.5 – 153 million VND per tael. Bao Tin Minh Chau listed at 152.5 – 153 million VND per tael, while PNJ, SJC, and DOJI all quoted within the 151.5 – 153 million VND per tael range.
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By midday on October 17th, retailers further adjusted gold prices upward. Currently, gold bar prices are quoted around 150.7 – 152.2 million VND per tael.
For gold rings, Bao Tin Minh Chau raised prices to 155 – 158 million VND per tael, PNJ listed at 149 – 150.9 million VND per tael, SJC at 149.3 – 151.5 million VND per tael, DOJI at 150.6 – 152.1 million VND per tael, and Bao Tin Manh Hai at 154 – 154.3 million VND per tael.
Compared to early morning, domestic gold prices rose by an average of 3 – 3.5 million VND per tael.
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This morning, domestic gold prices remained unchanged from yesterday’s closing session. Specifically, Bao Tin Minh Chau listed gold ring prices at 151 – 154 million VND per tael (buy – sell), while Bao Tin Manh Hai traded around 150.5 – 150.8 million VND per tael.
Gold prices listed at Bao Tin Manh Hai this morning.
SJC also quoted gold ring prices at 145.9 – 148.1 million VND per tael, while DOJI and PNJ listed at 146 – 149 million VND per tael, respectively.
Meanwhile, gold bar prices across these brands currently fluctuate between 148.1 – 149.1 million VND per tael.
In the global market, spot gold reached $4,366 per ounce, up $166 from the session low of $4,200 per ounce overnight.
Even as gold hovers around $4,300 per ounce, supply-demand dynamics suggest further upside potential. However, investors must understand their rationale for holding gold, according to Marcella Chow, Market Strategist at JP Morgan Asset Management.
In a CNBC interview on Thursday, when asked if gold remains a buy above $4,200 per ounce, Chow replied emphatically: “Yes.”
She noted that fundamentals strongly support demand, including ongoing rate cuts, a weaker USD in the medium-to-long term, and rising demand from central banks and consumers in emerging markets, particularly China and India.
On the supply side, Chow observed that gold supply remains constrained due to mining limitations and cannot increase as rapidly as money supply or public debt. This supply-demand imbalance underpins gold’s upward price trajectory.
However, she cautioned investors about gold’s inherent risks: It generates no real income and exhibits higher volatility than fixed-income assets. Additionally, gold’s negative correlation with stocks “isn’t always clear-cut.”
“Adding gold to a portfolio is sensible, primarily for diversification and risk balancing, but it shouldn’t be viewed as an absolute hedge against market volatility,” Chow stated.
On October 14th, Jamie Dimon, CEO of JP Morgan, also deemed accepting the “opportunity cost” of holding gold reasonable, given its potential to double in value under current conditions.
Though not a gold enthusiast, Dimon acknowledged “valid reasons” for owning gold after its recent rally: “I’m not a gold buyer, as holding it incurs about 4% annual costs,” he said at Fortune’s Most Powerful Women Summit in Washington. “But in this environment, gold could easily reach $5,000 or even $10,000 per ounce.”
“This is one of the few times in my life where holding some gold in a portfolio makes sense,” he added, noting that “almost all asset classes are richly valued.”
Earlier in May, Grace Peters, Global Investment Strategy Director at JP Morgan, predicted that while European and US equities could perform well in 2025, gold would still outperform.
“With positive growth and corporate earnings, and the Fed cutting rates modestly, we favor a geographically diversified, risk-leaning strategy,” Peters said.
She added that JP Morgan maintains a positive outlook on gold: “We still favor gold, as it reflects structural market changes alongside geographic and currency diversification, and this trend will persist.”
JP Morgan set a $3,500 per ounce target for gold earlier this year, which was breached in late April. “Looking ahead 12 months, prices above $4,000 are reasonable, driven primarily by purchases from emerging market central banks. They still have significant room to increase gold reserves, alongside retail ETF inflows,” Peters noted.
She also highlighted that with a positive global GDP outlook, jewelry and technology sector gold demand will remain stable and could rise next year.
Midday October 16: Ring Gold Prices Skyrocket, Hitting 154 Million VND per Tael
Bao Tin Minh Chau has adjusted the price of gold rings to 151–154 million VND per tael. Similarly, Bao Tin Manh Hai has increased the price of their Kim Gia Bao pressed gold rings to 150.5–150.8 million VND per tael.
Afternoon of October 15: Ring Gold Prices Surge Past 151 Million VND per Tael
This afternoon, the price of gold rings at a leading gold trading enterprise in Hanoi was adjusted to a range of 148.1 – 151.1 million VND per tael.
Gold Prices Surge Past $4,200/ounce on October 15th
Since early October, global gold prices have surged by nearly 9%, pushing the year-to-date gain to approximately 60% as of 2025.
End of October 14th: Unusual Trends in Ring and Bullion Gold Prices
By day’s end, the price of gold rings and gold bars unexpectedly reversed course, surging upward once more.
Gold Price Today 12/10: Gold Trades Sideways After Reclaiming $4,000/oz Threshold
On the morning of October 12th, the global gold price listed on Kitco remained steady at $4,016 per ounce, unchanged from the previous morning’s opening rate.
