Gold Bar Prices Surge by VND 1.7 Million per Tael, Ring Gold Also Rises on November 19th Afternoon

As of the closing session on November 19, domestic gold prices surged by 500,000 to 1,700,000 VND per tael compared to the previous session’s close.

SJC, PNJ, and DOJI closed with SJC gold bar buy-sell prices at 149 – 151 million VND per tael, a 1.7 million VND increase from yesterday’s close. Bao Tin Minh Chau recorded a similar rise, trading at 149.5 – 151 million VND per tael.

For gold rings, SJC listed buy-sell prices at 146.5 – 149 million VND per tael, up 1.2 million VND from yesterday’s close.

PNJ and DOJI added 500,000 VND per tael from the previous day, trading at 146.5 – 149.5 million VND per tael. Bao Tin Minh Chau’s gold rings traded at 148.3 – 151.3 million VND per tael, a 1.5 million VND increase from yesterday’s close.

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In the latest update early this afternoon, domestic gold prices rose by an additional 300,000 – 600,000 VND per tael compared to the morning.

SJC, PNJ, and DOJI listed SJC gold bar buy-sell prices at 149 – 151 million VND per tael, up 300,000 VND from the morning and 1.7 million VND from yesterday’s close. Bao Tin Minh Chau saw a similar increase, trading at 149.5 – 151 million VND per tael.

For gold rings, SJC listed buy-sell prices at 146.5 – 149 million VND per tael, up 600,000 VND from the morning and 1.2 million VND from yesterday’s close.

PNJ added 500,000 VND per tael from the previous day, trading at 146.5 – 149.5 million VND per tael. Bao Tin Minh Chau’s gold rings traded at 148.3 – 151.3 million VND per tael, up 300,000 VND from the morning and 1.5 million VND from yesterday’s close.

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In the latest mid-morning update, domestic gold prices rebounded after falling by 0.2 – 1.7 million VND in yesterday’s session.

SJC, PNJ, and DOJI listed SJC gold bar buy-sell prices at 148.7 – 150.7 million VND per tael, up 1.4 million VND from yesterday’s close. Bao Tin Minh Chau saw a similar increase, trading at 149.2 – 150.7 million VND per tael.

For gold rings, SJC listed buy-sell prices at 145.9 – 148.4 million VND per tael, up 600,000 VND from yesterday’s close.

PNJ and DOJI maintained gold ring buy-sell prices at 146 – 149 million VND per tael. Bao Tin Minh Chau’s gold rings traded at 148 – 151 million VND per tael, up 1.2 million VND from yesterday’s close.

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As of 7:00 AM today (November 19), domestic gold prices remained unchanged from yesterday’s close.

SJC, PNJ, and DOJI listed SJC gold bar buy-sell prices at 147.3 – 149.3 million VND per tael. Bao Tin Minh Chau traded at 147.8 – 149.3 million VND per tael.

For gold rings, SJC listed buy-sell prices at 145.3 – 147.8 million VND per tael.

PNJ and DOJI listed gold ring buy-sell prices at 146 – 149 million VND per tael. Bao Tin Minh Chau traded at 146.8 – 149.8 million VND per tael.

In the international market, gold prices rebounded after three consecutive sessions of decline, supported by weak U.S. job data.

As of 7:15 AM, spot gold traded at $4,073 per ounce, up 0.15% from yesterday’s close. Earlier, gold rose 0.53% in the November 18 session.

Data released on Tuesday showed U.S. jobless claims reached a two-month high in mid-October, with claims rising to 1.9 million in the week ending October 18.

“The data is fueling market expectations of a December rate cut. This is supporting gold and silver, which are trying to end a three-day losing streak,” said Tai Wong, an independent metal trader.

According to CME Group’s FedWatch tool, the market now expects a nearly 50% chance of a Fed rate cut at the December 9-10 meeting, up from 46% on Tuesday but down from 67% last week.

Gold, a non-yielding safe-haven asset, tends to rise in low-interest-rate environments. Prices fell 0.56% on Thursday, over 2% last Friday, and nearly 1% on Monday as investors scaled back expectations of another Fed rate cut this year.