As of the closing session on October 23, domestic gold prices showed an upward trend across most gold retailers.
For gold bars, SJC, PNJ, Doji, and Bao Tin Minh Chau all listed their buying and selling prices at 147.5 – 149.5 million VND per tael. Compared to yesterday’s closing price, the price of SJC gold bars at these retailers increased by 900,000 VND per tael in both trading directions.
Conversely, the price of SJC gold bars at Bao Tin Manh Hai decreased by 300,000 VND in both trading directions, down to 149 – 149.5 million VND per tael.
For gold rings, the buying and selling prices at SJC were 146.2 – 148.7 million VND per tael, an increase of 800,000 VND per tael compared to yesterday’s closing price.
PNJ increased by 400,000 VND per tael in buying price and 800,000 VND per tael in selling price, listing at 146.4 – 149.4 million VND per tael. DOJI also traded at 146.4 – 149.4 million VND per tael, with both buying and selling prices increasing by 900,000 VND per tael.
Gold ring prices at Bao Tin Minh Chau and Bao Tin Manh Hai increased by 600,000 VND per tael in both trading directions compared to the end of yesterday, trading at 150.5 – 153.5 million VND per tael and 150 – 151.5 million VND per tael, respectively.
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As of 2 PM, international gold prices rose by 0.5% from the latest closing price, trading at $4,116 per ounce.
Domestically, gold prices also trended upward. As of 2:10 PM, SJC, PNJ, and Doji all listed their buying and selling prices for SJC gold bars at 147.5 – 149.5 million VND per tael. Compared to yesterday’s closing price, the price of SJC gold bars at these retailers increased by 900,000 VND per tael in both trading directions.
Bao Tin Minh Chau decreased by 100,000 VND in buying price but increased by 900,000 VND in selling price, listing at 147.5 – 149.5 million VND per tael.
For gold rings, the buying and selling prices at SJC were 146.2 – 148.7 million VND per tael, an increase of 800,000 VND per tael compared to yesterday’s closing price.
PNJ increased by 400,000 VND per tael in buying price and 800,000 VND per tael in selling price, listing at 146.4 – 149.4 million VND per tael. DOJI also traded at 146.4 – 149.4 million VND per tael, with both buying and selling prices increasing by 900,000 VND per tael.
Gold ring prices at Bao Tin Minh Chau increased by 100,000 VND per tael in both trading directions compared to the end of yesterday, trading at 150 – 153 million VND per tael.
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International gold prices continued their downward trend in today’s morning session. As of 8:50 AM, spot gold traded at $4,081 per ounce, down 0.3% from the latest closing price.
Previously, international gold prices fell by 5.29% in the October 21 session—the sharpest daily decline in five years. In the October 22 session, international gold prices dropped another 0.63% and briefly approached $4,000 per ounce.
Gold prices have repeatedly set records and surged 54% this year, supported by geopolitical tensions, economic uncertainty, expectations of Fed rate cuts, and strong inflows into ETFs.
David Meger, Director of Metals Trading at High Ridge Futures, stated, “Given the strong price rally over the past few weeks, we are not entirely surprised to see some profit-taking ahead of Friday’s U.S. CPI report.”
The U.S. Consumer Price Index (CPI) report, delayed due to the ongoing U.S. government shutdown, is expected to show core inflation holding at 3.1% in September.
Investors are nearly certain that the Fed will cut rates by 25 basis points at next week’s meeting. Gold, a non-yielding asset, tends to rise in a low-interest-rate environment.
Meanwhile, Russia recently stated that they are still preparing for a potential summit between President Vladimir Putin and U.S. President Donald Trump.
Investors are also awaiting clearer information on the potential meeting between Trump and Chinese President Xi Jinping next week.
Ole Hansen, Head of Commodity Strategy at Saxo Bank, noted, “We maintain a bullish outlook for gold and silver in 2026, and after this much-needed correction, traders may pause to reflect before concluding that the drivers behind this year’s historic rally are not yet over.”
Domestically, gold prices as of 8 AM today remained unchanged from yesterday’s closing price.
SJC, PNJ, and Doji all listed their buying and selling prices for SJC gold bars at 146.6 – 148.6 million VND per tael.
Bao Tin Minh Chau listed at 147.6 – 148.6 million VND per tael. Bao Tin Manh Hai traded at 149.3 – 149.8 million VND per tael.
For gold rings, the buying and selling prices at SJC were 145.4 – 147.9 million VND per tael.
PNJ listed at 146 – 148.6 million VND per tael; DOJI traded at 145.5 – 148.5 million VND per tael.
Gold ring prices at Bao Tin Minh Chau traded at 149.9 – 152.9 million VND per tael. Bao Tin Manh Hai traded at 149.4 – 150.9 million VND per tael.
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Caution Advised: Riding the Waves of Gold and Silver Trading
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Gold Ring Prices Plummet by 6.6 Million VND per Tael on October 22nd
Global gold prices plummeted during the late trading session on October 21st and continued their downward trend today (October 22nd). Domestically, prices of gold rings and gold bars have also seen a sharp decline, with reductions reaching up to 6.6 million VND per tael.
