Recorded at 2:00 PM, gold bar prices across major retailers have dropped by 500,000 VND per tael compared to 9:00 AM. Currently, SJC gold prices at SJC, DOJI, and PNJ are trading between 146.4 – 148.4 million VND per tael. Bao Tin Minh Chau, Phu Quy, and Mi Hong are trading at 146.9 – 148.4 million VND per tael, 145.9 – 148.4 million VND per tael, and 147 – 148.4 million VND per tael, respectively. These prices are 400,000 – 600,000 VND higher per tael than yesterday’s closing prices.
Gold ring prices have decreased by 300,000 – 1.1 million VND per tael since 9:00 AM. After a sharp increase of 1.1 million VND per tael, SJC adjusted its prices back to yesterday’s closing levels. DOJI, PNJ, and Phu Quy also reduced gold ring prices by 500,000 VND per tael, though they remain 600,000 VND higher than yesterday’s close.
Recorded at 9:00 AM, gold retailers unanimously raised SJC gold bar prices by 1.1 million VND per tael for both buying and selling compared to yesterday’s close. SJC, DOJI, and PNJ are now trading at 146.9 – 148.9 million VND per tael. Bao Tin Minh Chau increased its selling price by 900,000 VND and buying price by 1.1 million VND, trading at 147.4 – 148.9 million VND per tael. Phu Quy and Mi Hong are at 146.4 – 148.9 million VND per tael and 147.5 – 148.9 million VND per tael, respectively.
Gold ring prices at SJC, DOJI, PNJ, and Phu Quy also rose by 1.1 million VND per tael since early morning, trading at 144.7 – 147.2 million VND per tael, 145.8 – 148.8 million VND per tael, 145.8 – 148.8 million VND per tael, and 145.9 – 148.9 million VND per tael, respectively. Bao Tin Minh Chau increased gold ring prices by 600,000 VND for both buying and selling, listing at 146.5 – 149.5 million VND per tael.
Recorded early this morning, gold bar and ring prices experienced slight declines in both buying and selling compared to October 30. SJC, DOJI, and PNJ listed gold bars at 145.8 – 147.8 million VND per tael, down 300,000 VND per tael for both buying and selling. Bao Tin Minh Chau traded gold bars at 146.5 – 147.8 million VND per tael, down 600,000 VND per tael for buying and 300,000 VND per tael for selling.
Gold ring prices today also decreased in both directions compared to yesterday morning. SJC listed gold rings at 143.6 – 146.1 million VND per tael, down 200,000 VND per tael for both buying and selling. Bao Tin Minh Chau traded gold rings at 145.9 – 148.9 million VND per tael, down 600,000 VND per tael for both buying and selling. DOJI, however, increased gold ring prices by 100,000 VND per tael in both directions, trading at 144.7 – 147.7 million VND per tael.
Global gold prices rose 2% on Thursday, trading at 4,022.4 USD/ounce (approximately 128.2 million VND per tael based on Vietcombank’s exchange rate, excluding taxes and fees). The gap between domestic and international gold prices is around 19.6 million VND per tael.
According to Reuters, gold prices climbed due to the U.S. Federal Reserve’s rate cut and lingering concerns over the U.S.-China trade agreement. U.S. President Donald Trump announced a reduction in tariffs on Chinese goods from 57% to 47%. In return, Beijing pledged to resume soybean imports, increase rare earth exports to the U.S., and tighten fentanyl trade controls.
Jeffrey Christian, CEO of CPM Group, commented: “Gold prices paused briefly, but as details of the U.S.-China deal emerged, the market realized the agreement was superficial. Confidence in the trade war’s resolution has waned.”
Cautious sentiment led global stock markets to decline, as investors feared the trade truce might be temporary.
A day earlier, the Fed cut rates as expected but signaled this could be the final reduction for the year, citing challenges in releasing key economic data due to the prolonged U.S. government shutdown.
Wells Fargo recently raised its 2026 year-end gold price forecast to 4,500 – 4,700 USD/ounce from 3,900 – 4,100 USD/ounce, citing global trade and political uncertainties as drivers of investment demand.
Gold Prices on the Afternoon of October 31: A Universal Decline
After surging to 1.1 million VND per tael earlier today, gold bars and gold rings experienced a collective decline in the afternoon of October 31st.
Gold Prices Surge on October 30th Afternoon, Approaching 148 Million VND per Tael
Gold prices made a surprising surge in the afternoon of October 30th, climbing by 1.2 to 1.3 million VND per tael compared to the morning’s 9:00 AM record.
Unlocked Potential: Nation Holds Dormant Gold Reserve of Nearly 35,000 Tons, Valued at $3.8 Trillion
Alongside China, these two nations account for nearly half of the global consumer demand for gold.
October 29: SJC Gold and Gold Ring Prices Reverse, Showing an Uptick
Gold prices for SJC and ring gold saw a significant surge on October 29th.
October 27: SJC Gold Bars and Plain Gold Rings Prices Plummet in a Sharp Decline
Today, domestic gold prices have seen a significant drop, falling by approximately 0.7 to 1.5 million VND per tael across the board.
