Gold Ring and Gold Bar Prices Surge by Up to 2 Million VND per Tael on November 11th

As of the end of November 11th, Bao Tin Minh Chau’s gold ring prices were listed at VND 149.3 – 152.3 million per tael. Meanwhile, PNJ and DOJI both quoted gold ring prices at VND 148.5 – 151.5 million per tael, while SJC maintained their gold ring prices at VND 147.3 – 149.8 million per tael.

For gold bars, PNJ, DOJI, and SJC uniformly kept prices at VND 150 – 152 million per tael (buy – sell), with Bao Tin Minh Chau listing at VND 150.5 – 152 million per tael.

During today’s trading session, domestic gold prices rose by an average of VND 2 million per tael, following the strong upward trend of global gold prices.

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As of this afternoon’s survey, Bao Tin Minh Chau’s gold ring prices had been adjusted upward to VND 149.3 – 152.3 million per tael, an increase of VND 1.8 million per tael compared to yesterday’s closing session. Similarly, their gold bar prices were adjusted to VND 150.5 – 152 million per tael.

At PNJ and DOJI, gold ring prices were uniformly listed at VND 148.5 – 151.5 million per tael, a VND 2 million per tael increase from the previous session.

Meanwhile, SJC also adjusted their gold ring prices to VND 147.3 – 149.8 million per tael, a VND 2 million per tael increase.

Gold bar prices at PNJ, DOJI, and SJC were also adjusted to VND 150 – 152 million per tael, recording an increase of approximately VND 1.8 million per tael.

In the global market, spot gold prices continued their upward trend, reaching USD 4,147 per ounce, up USD 30 per ounce from the start of the trading session.

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As of the morning survey on November 11th (Vietnam time), international spot gold prices were at USD 4,127 per ounce. In yesterday’s trading session, global spot gold prices surged by USD 112 per ounce (+2.79%).

This impressive rally marked the strongest session in over a month. Economic experts suggest that the precious metal may have completed a two-week accumulation phase and is restarting its historic upward trend from mid-year.

Previously, the December gold contract reached a record high of USD 4,374 per ounce on October 20th, before entering a deep correction phase, dropping to USD 3,901.9 per ounce on October 28th, a USD 472 decline from the peak. However, yesterday’s strong session brought gold prices back to their highest levels since late October, bolstering positive market sentiment.

According to experts, gold’s recovery is driven by expectations that the U.S. Federal Reserve (Fed) will cut interest rates by 0.25 percentage points in the December meeting, a move seen as a strong catalyst for gold prices, as lower rates reduce the opportunity cost of holding non-yielding assets.

Another factor supporting gold prices is positive signals from the U.S. Congress. On November 10th, the Senate passed a key procedural step to advance legislation ending the prolonged government shutdown. The weeks-long government closure has stalled critical economic reports, including the Consumer Price Index (CPI) and Non-Farm Payrolls (NFP), key data points guiding Fed policy.

The market currently assigns a 70–80% probability that the Fed will cut rates next month. If this scenario materializes, the U.S. dollar could weaken, enabling gold to continue its upward trajectory in the final weeks of the year.

Analysts note that if the U.S. government officially reopens within the next 24–48 hours, gold prices might temporarily ease as risk sentiment improves. However, any delays in this process will likely trigger another wave of safe-haven gold buying.

In the domestic market, at the opening of today’s session, Mi Hong Gold (Ho Chi Minh City) raised both gold ring and gold bar prices to VND 149.2 – 150.2 million per tael (buy – sell), a VND 400,000 increase on the buying side, while selling prices remained unchanged from yesterday.

Other gold traders have not yet adjusted their prices, maintaining yesterday’s closing levels. Specifically, at Bao Tin Minh Chau, gold ring prices hovered around VND 147.5 – 150.5 million per tael, while PNJ and DOJI listed at VND 146.5 – 149.5 million per tael. SJC currently trades in the VND 145 – 147.5 million per tael range.

For gold bars, major brands like SJC, PNJ, and DOJI uniformly listed at VND 148.2 – 150.2 million per tael, while Bao Tin Minh Chau traded gold bars at VND 148.7 – 150.2 million per tael.