December 11: Gold Bar Prices Drop, Bao Tin Minh Chau and Bao Tin Manh Hai Increase Ring Gold Prices

As of the trading session close on December 11th, SJC gold bars were bought and sold at SJC, PNJ, DOJI, and Bao Tin Minh Chau at 152.5 – 154.5 million VND per tael, a decrease of 200,000 VND per tael from the previous day’s close. Bao Tin Manh Hai made the same adjustment and continued to offer higher purchase prices, trading at 152.6 – 154.5 million VND per tael.

For gold rings, the buying and selling prices at SJC were listed at 149.6 – 152.1 million VND per tael, unchanged from the previous day’s closing price. PNJ and DOJI maintained their buying and selling prices at 149.5 – 152.5 million VND per tael. Gold rings at Bao Tin Minh Chau were traded at 151 – 154 million VND per tael, an increase of 500,000 VND per tael compared to the previous session’s close.

Kim Gia Bao gold ingot rings at Bao Tin Manh Hai were traded at 151 – 154 million VND per tael, an increase of 500,000 VND per tael.

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In the latest update at 2 PM today (December 11th), gold rings and gold bars showed a cooling trend compared to the morning session.

For gold bars, SJC, PNJ, DOJI, and Bao Tin Minh Chau all listed the buying and selling prices of SJC gold bars at 152.5 – 154.5 million VND per tael, a decrease of 600,000 VND per tael from the morning and 200,000 VND per tael from the previous day’s close. Bao Tin Manh Hai made the same adjustment and continued to offer higher purchase prices, trading at 152.6 – 154.5 million VND per tael.

For gold rings, the buying and selling prices at SJC were listed at 149.6 – 152.1 million VND per tael, a decrease of 500,000 VND per tael from the morning and back to the previous day’s closing price. PNJ and DOJI maintained their buying and selling prices at 150 – 153 million VND per tael. Gold rings at Bao Tin Minh Chau were traded at 151.2 – 154.2 million VND per tael, a decrease of 300,000 VND from the morning but still an increase of 700,000 VND per tael compared to the previous session’s close.

Kim Gia Bao gold ingot rings at Bao Tin Manh Hai were traded at 151.2 – 154.2 million VND per tael, an increase of 700,000 VND per tael compared to the previous session’s close.

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In the domestic market, the latest update at 9:15 AM today (December 11th) showed that gold rings and gold bars both increased in price compared to the previous day’s close.

For gold bars, SJC, PNJ, DOJI, and Bao Tin Minh Chau all listed the buying and selling prices of SJC gold bars at 153.1 – 155.1 million VND per tael, an increase of 400,000 VND per tael from the previous day’s close. Bao Tin Manh Hai made the same increase and continued to offer higher purchase prices, trading at 153.2 – 155.1 million VND per tael.

For gold rings, the buying and selling prices at SJC were listed at 150.1 – 152.6 million VND per tael, an increase of 500,000 VND per tael from the previous day’s close. PNJ and DOJI bought and sold at 150 – 153 million VND per tael, an increase of 500,000 VND per tael in both directions. Gold rings at Bao Tin Minh Chau were traded at 151.5 – 154.5 million VND per tael, an increase of 1 million VND per tael.

Kim Gia Bao gold ingot rings at Bao Tin Manh Hai were traded at 150.9 – 153.9 million VND per tael, an increase of 400,000 VND per tael.

The buying and selling price difference for gold bars is around 2 million VND per tael, while gold rings differ by 2.5 – 3 million VND per tael. Currently, domestic gold prices are about 20 million VND per tael higher than international prices.

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In the international market, the spot gold price this morning was recorded at $4,240 per ounce, up 0.3% from the latest close. Previously, global gold prices had also risen by 0.5% in yesterday’s session and 0.41% in the December 9th session.

Gold prices surged after the U.S. Federal Reserve (Fed) concluded its two-day meeting early this morning (Vietnam time) and decided to cut the benchmark interest rate by another 0.25 percentage points with a 9-3 vote.

Currently, the federal funds rate is within the target range of 3.5 – 3.75%. This is the third consecutive rate cut this year by the U.S. central bank, as expected by the market, following moves in September and October.

Economically, the FOMC raised its 2026 GDP growth forecast to 2.3%, half a percentage point higher than the September outlook. The committee continues to expect inflation to remain above the 2% target until 2028.

“Current indicators suggest economic activity is expanding at a moderate pace. Job growth has slowed this year, and the unemployment rate has risen slightly through September. More recent indicators are also consistent with these developments. Inflation has increased from earlier in the year and remains elevated,” the monetary policy statement said.

In addition to the rate decision, the Fed also announced it would resume purchasing Treasury securities. This move comes amid public concerns about pressure in the interbank market.

Accordingly, the Fed will start by purchasing $40 billion in Treasury bills from December 12th. The buying activity is expected to “remain high for several months” and may then “decrease significantly.”

Speaking after the meeting, Fed Chair Jerome Powell said the central bank’s interest rate policy is well-positioned to respond to what lies ahead for the economy but declined to provide further guidance on whether there would be more rate cuts in the near future.

The Fed’s interest rate projections—known as the dot plot—remained unchanged, with policymakers expecting rates to fall to 3.4% next year, indicating the possibility of two rate cuts.

The central bank anticipates only one potential rate cut in 2027 and expects long-term rates to stabilize at 3.1%.

Lower interest rates increase the appeal of non-yielding assets like gold to investors.

Naeem Aslam, Chief Investment Officer at Zaye Capital Markets, advised investors to be cautious about overreactions in global financial markets, as much of the Fed’s outlook has already been priced in.

“The market has seen a typical post-Fed decision rally, but it’s important to remember that the 25 basis point cut was already priced in, so note that this rally will taper off,” he said.

In the domestic market, as of early this morning (December 11th), gold prices remained unchanged from yesterday’s close.

For gold bars, SJC, PNJ, DOJI, and Bao Tin Minh Chau all listed the buying and selling prices of SJC gold bars at 152.7 – 154.7 million VND per tael. Bao Tin Manh Hai continued to offer higher purchase prices, trading at 152.8 – 154.7 million VND per tael.

For gold rings, the buying and selling prices at SJC were listed at 149.6 – 152.1 million VND per tael. PNJ and DOJI bought and sold at 149.5 – 152.5 million VND per tael. Gold rings at Bao Tin Minh Chau were traded at 150.5 – 153.5 million VND per tael.

Kim Gia Bao gold ingot rings at Bao Tin Manh Hai were also traded at 150.5 – 153.5 million VND per tael.