Updated at 5:15 PM, the global spot gold price stands at $4,250 per ounce, matching last week’s closing level.
Domestically, gold bar prices at 5:15 PM increased by 500,000 to 1.5 million VND per tael compared to the end of last week. Specifically, SJC, PNJ, and Doji all listed their buying and selling prices at 150.5 – 151.5 million VND per tael, with buying prices rising by 1 – 1.5 million VND and selling prices by 500,000 VND.
Bao Tin Minh Chau and Bao Tin Manh Hai both listed their prices at 151 – 151.5 million VND per tael, with both buying and selling prices increasing by 500,000 VND compared to the previous session.
Ring gold prices at domestic gold shops today remained largely unchanged. SJC traded at 148 – 150.2 million VND per tael; PNJ listed at 148 – 151 million VND per tael; and DOJI at 149 – 151.3 million VND per tael.
Bao Tin Minh Chau’s ring gold prices were at 155.5 – 158.5 million VND per tael, while Bao Tin Manh Hai listed theirs at 155 – 156 million VND per tael.
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Updated at 10:40 AM, the global spot gold price is at $4,257 per ounce, up 0.16% from last week’s closing level.
Domestically, gold bar prices at 10:40 AM also rose by 500,000 to 1.5 million VND per tael compared to the end of last week. SJC and PNJ both listed their prices at 150.5 – 151.5 million VND per tael, with buying prices increasing by 1 – 1.5 million VND and selling prices by 500,000 VND.
Doji increased its buying price by 500,000 VND while keeping the selling price unchanged. The company currently lists its gold bar prices at 150 – 151 million VND per tael.
Bao Tin Minh Chau increased both buying and selling prices by 500,000 VND, trading at 151 – 151.5 million VND per tael. Bao Tin Manh Hai maintained its prices at 150.5 – 151 million VND per tael.
Ring gold prices at domestic gold shops this morning remained largely unchanged from last week. SJC traded at 148 – 150.2 million VND per tael; PNJ listed at 148 – 151 million VND per tael; and DOJI at 149.9 – 150.9 million VND per tael.
Bao Tin Minh Chau’s ring gold prices were at 155.5 – 158.5 million VND per tael, while Bao Tin Manh Hai listed theirs at 155 – 156 million VND per tael.
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The global spot gold price at 7:44 AM (Vietnam time) is trading at $4,240 per ounce, down 0.22% from last week’s closing level.
Previously, global gold prices fell over 2% on Friday after hitting a record high above $4,300 per ounce, pressured by a stronger U.S. dollar and President Donald Trump’s comment that a “comprehensive” tariff on China would be unsustainable.
The DXY index, measuring the dollar’s strength against six major currencies, rose 0.1%, making greenback-denominated gold more expensive.
Trump’s softer tone since his initial 100% tariff announcement has cooled precious metal markets. On Friday, he confirmed a meeting with China’s President, easing concerns about escalating trade tensions.
Despite Friday’s correction, global gold prices rose over 5.9% last week, marking the ninth consecutive weekly gain.
Gold, a traditional hedge against uncertainty, has surged over 64% this year due to geopolitical tensions, central bank purchases, dollar shifts, and inflows into large gold ETFs. Expectations of U.S. rate cuts also support its rise.
Suki Cooper, Standard Chartered’s global commodities research director, said: “We forecast gold to average $4,488 in 2026 and see further upside potential.”
Markets expect the Federal Reserve to cut rates by 25 basis points in October and again in December.
HSBC recently raised its 2025 average gold price forecast by $100 to $3,455 per ounce and expects gold to reach $5,000 by 2026.
Domestically, most major gold shops have yet to release their October 20 pricing.
Last week’s close saw SJC, PNJ, DOJI, Bao Tin Minh Chau, and Bao Tin Manh Hai lower their gold bar buying prices to 149 – 150.5 million VND per tael, with selling prices uniformly listed at 151 million VND per tael.
Ring gold prices also fell last week. SJC traded at 148 – 150.2 million VND per tael; PNJ listed at 148 – 151 million VND per tael; and DOJI at 149.5 – 150.9 million VND per tael.
Meanwhile, ring gold prices at Bao Tin Minh Chau and Bao Tin Manh Hai were significantly higher. Bao Tin Minh Chau listed at 155.5 – 158.5 million VND per tael, and Bao Tin Manh Hai at 155 – 156 million VND per tael.
October 21st Morning Update: Domestic Gold Prices Hit Record High, Bao Tin Minh Chau Raises Rates to Over 160 Million VND per Tael
Domestic gold prices surged this morning following a significant spike in global gold prices last night (October 20th).
Today’s Crypto Market, October 20: What Are Experts Saying About Bitcoin’s Recovery After the Crash?
On-chain data reveals that over the past 30 days, the amount of Bitcoin held by institutional investors has surged by 8.4%, reaching a total of 4.04 million Bitcoin.
Gold Prices Plummet: Global Rates Drop by $160/Ounce on October 17th Evening
Gold prices, which hit a new high earlier today, took a dramatic turn in the evening of October 17th, plunging with a rare single-session decline.
Silver Prices Surge Past $2,500 per Kilogram
Silver prices today continue their robust upward trajectory, both domestically and internationally.
Afternoon of October 14: Global Gold Prices Unexpectedly Reverse, Plunge Sharply
Gold’s sudden plunge came as a surprise, following its consecutive breakthroughs of the $4,000/ounce and $4,100/ounce milestones. However, the downturn was short-lived, as the precious metal swiftly rebounded.
