As of 5:10 PM, SJC, PNJ, and Doji companies collectively listed the buying and selling prices of SJC gold bars at 146.6 – 148.6 million VND per tael. Compared to yesterday’s closing level, the price of SJC gold bars at these gold shops decreased by 4.9 million VND per tael on the buying side and 3.9 million VND per tael on the selling side.
Bao Tin Minh Chau reduced the buying price by 4.4 million VND and the selling price by 3.9 million VND, listing at 147.6 – 148.6 million VND per tael.
For gold rings, the buying and selling prices at SJC Company traded at 145.4 – 147.9 million VND per tael, decreasing by 4.2 – 3.9 million VND per tael compared to yesterday’s closing level.
PNJ Company reduced the buying price by 3.7 million VND per tael and the selling price by 3.9 million VND per tael, listing at 146 – 148.6 million VND per tael; DOJI traded at 145.5 – 148.5 million VND per tael, with the buying price decreasing by 4.3 million VND per tael and the selling price by 3.9 million VND per tael.
The price of gold rings at Bao Tin Minh Chau decreased by 6.6 million VND per tael on both buying and selling sides compared to yesterday, trading at 149.9 – 152.9 million VND per tael.
Bao Tin Manh Hai also decreased by 6.6 million VND on the buying side and 6.1 million VND on the selling side, listing at 149.4 – 150.9 million VND per tael.
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As of 1:45 PM, domestic gold prices had slightly recovered compared to the morning levels.
Specifically, the price of SJC gold bars at major companies such as SJC, PNJ, Doji, and Bao Tin Minh Chau increased by 800,000 VND per tael compared to early morning, narrowing the day’s decline to 4.2 million VND on the buying side and 3.2 million VND on the selling side. Currently, these gold shops list the buying and selling prices of SJC gold bars at 147.3 – 149.3 million VND per tael.
The price of gold rings at SJC, PNJ, and Doji also increased by 0.5 – 1 million VND per tael compared to early morning. Currently, the buying price of gold rings is commonly at 146 – 146.2 million VND per tael, with selling prices ranging from 148.5 – 149.2 million VND per tael. Compared to the previous session’s close, gold prices at these companies have decreased by approximately 3.3 – 3.8 million VND per tael.
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This morning, the prices of gold bars and gold rings plummeted by 4 – 5.5 million VND per tael.
As of 9:10 AM, SJC, PNJ, and Doji companies collectively listed the buying and selling prices of SJC gold bars at 146.5 – 148.5 million VND per tael. Compared to yesterday’s closing level, the price of SJC gold bars at these gold shops decreased by 5 million VND per tael on the buying side and 4 million VND per tael on the selling side.
Bao Tin Minh Chau and Bao Tin Manh Hai also recorded similar declines, listing at 146.5 – 148.5 million VND per tael.
The price of gold rings at gold shops this morning also fell sharply. Accordingly, the buying and selling prices of gold rings at SJC Company traded at 145.5 – 148 million VND per tael, decreasing by 4.1 – 3.8 million VND per tael.
PNJ Company reduced the buying price by 4.3 million VND per tael and the selling price by 4.1 million VND per tael, listing at 145.4 – 148.4 million VND per tael; DOJI traded at 145 – 148 million VND per tael, with the buying price decreasing by 4.8 million VND per tael and the selling price by 4.4 million VND per tael.
The price of gold rings at Bao Tin Minh Chau decreased by 4 million VND per tael on both buying and selling sides, trading at 152.5 – 155.5 million VND per tael. Meanwhile, Bao Tin Manh Hai decreased by 5 million VND on both sides, listing at 151 – 152 million VND per tael.
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After surging and reaching a peak in the morning of October 21, domestic gold prices cooled down in the afternoon. Closing on October 21, the price of SJC gold bars at major gold shops decreased by 2.1 million VND per tael compared to the peak recorded early in the morning, with gold rings decreasing by 1 – 2.1 million VND per tael. Despite cooling significantly from the morning’s high, the price of SJC gold bars still increased by 1 million VND per tael in the October 21 session, while gold rings increased by 0.8 – 1.6 million VND per tael.
As of 8:00 AM today (October 22), domestic gold prices remained unchanged from yesterday’s closing level.
Currently, SJC, PNJ, and Doji companies collectively list the buying and selling prices of SJC gold bars at 151.5 – 152.5 million VND per tael.
Bao Tin Minh Chau and Bao Tin Manh Hai have not updated new price boards, currently trading at 152 – 152.5 million VND per tael.
The prices of round gold rings at gold shops also remain unchanged from the previous session’s close.
Accordingly, the buying and selling prices of gold rings at SJC Company trade at 149.6 – 151.8 million VND per tael. PNJ Company lists at 149.7 – 152.5 million VND per tael; DOJI trades at 149.8 – 152.4 million VND per tael.
Gold rings at Bao Tin Minh Chau trade at 156.5 – 159.5 million VND per tael. Meanwhile, at Bao Tin Manh Hai, the prices are 156 – 157 million VND per tael.
In the international market, global gold prices plummeted last night and early this morning. As of 8:00 AM, the international gold spot price was at $4,074 per ounce, down nearly 1.2% from yesterday’s close. Earlier, gold prices had also fallen by nearly 5.3% in the October 21 trading session.
Global gold prices fell sharply amid market expectations of easing U.S.-China trade tensions and reduced concerns about credit risks in the banking sector.
In Asia, the near certainty of Sanae Takaichi becoming Japan’s next Prime Minister helped Tokyo’s Nikkei index reach a new record high, while putting pressure on the yen to weaken. U.S. President Donald Trump stated that he expects to reach a “fair” trade agreement with Chinese President Xi Jinping when the two leaders meet in South Korea next week. This positive outlook, along with the cooperation agreement between Australia and the U.S. on supplying rare earth minerals, has bolstered investor sentiment.
Market confidence took a hit last week when a series of bad loans at U.S. regional banks raised concerns about widespread credit risks. The prolonged U.S. government shutdown also pressured risky assets, increasing the flow into gold as a safe haven.
Additionally, in the currency market, the strengthening U.S. dollar has pressured gold prices, causing the precious metal to reverse and fall sharply after setting a record. The U.S. dollar rose 0.7% against the yen, reaching 151.83 yen per dollar. Japanese Prime Minister candidate Sanae Takaichi is expected to pursue economic stimulus policies and oppose interest rate hikes – a factor unfavorable for the yen and Japanese bonds but supportive of the stock market.
The Bank of Japan (BoJ) will also meet next week. Traders currently place only a 20% probability on an interest rate hike, although Governor Kazuo Ueda has kept options open and not disclosed a specific timeline.
Kathleen Brooks, Director of Research at XTB, noted that this decline could stem from gold prices being pushed too high, along with expectations of lower-than-forecast U.S. inflation (CPI), leading investors to temporarily take profits. “The drop in gold prices is not necessarily a negative signal – it shows that investors remain rational, not overly exuberant, and that gold’s rally also has limits,” she wrote. Despite the sharper-than-expected decline, Brooks emphasized that the fundamental factors supporting the upward trend in gold and silver remain intact, including concerns about public debt, geopolitical instability, and the need for safe-haven assets amid global economic risks.
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