Gold Ring and Gold Bar Prices on December 9th: Plummet by Up to 1.3 Million VND per Tael

As of this afternoon, domestic gold prices continued to decline compared to the morning session. Compared to yesterday’s close, gold bar prices at various dealers dropped by 800,000 – 1,300,000 VND per tael, while gold ring prices fell by 300,000 – 700,000 VND per tael.

For SJC gold bars, SJC, PNJ, and DOJI all listed their buying and selling prices at 151.7 – 153.7 million VND per tael, a decrease of 800,000 VND from yesterday’s closing. Bao Tin Minh Chau also traded at 151.7 – 153.7 million VND per tael, with buying prices down by 1.3 million VND and selling prices down by 800,000 VND.

For gold rings, SJC listed their buying and selling prices at 148.8 – 151.3 million VND per tael, a drop of 700,000 VND from yesterday. PNJ and DOJI traded at 149.5 – 152.5 million VND per tael, down by 500,000 VND. Bao Tin Minh Chau’s gold rings saw a 300,000 VND decrease in both buying and selling prices, trading at 150.5 – 153.5 million VND per tael.

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Updated this morning (09/12), domestic gold prices universally dropped by 300,000 – 800,000 VND per tael compared to yesterday’s close.

For SJC gold bars, SJC, PNJ, and DOJI listed their buying and selling prices at 152.2 – 154.2 million VND per tael, a decrease of 300,000 VND. Bao Tin Minh Chau traded at 152.2 – 154.2 million VND per tael, with buying prices down by 800,000 VND and selling prices down by 300,000 VND.

For gold rings, SJC listed their buying and selling prices at 149.2 – 151.7 million VND per tael, a drop of 300,000 VND. PNJ traded at 149.7 – 152.7 million VND per tael, down by 300,000 VND. Bao Tin Minh Chau’s gold rings also saw a 300,000 VND decrease, trading at 150.5 – 153.5 million VND per tael.

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As of early this morning (09/12), domestic gold prices remained unchanged from yesterday’s close.

SJC, PNJ, and DOJI all listed their buying and selling prices for SJC gold bars at 152.5 – 154.5 million VND per tael. Bao Tin Minh Chau traded at 153 – 154.5 million VND per tael.

For gold rings, SJC listed their buying and selling prices at 149.5 – 152 million VND per tael.

PNJ and DOJI traded at 150 – 153 million VND per tael. Bao Tin Minh Chau’s gold rings traded at 150.8 – 153.8 million VND per tael.

The buying-selling spread for gold bars is around 1.5 – 2 million VND per tael, while gold rings have a spread of 2.5 – 3 million VND per tael. Currently, domestic gold prices remain approximately 20 million VND per tael higher than international prices.

In the international market, global gold prices were recorded at $4,191 per ounce early this morning, a slight increase of 0.05% from yesterday’s close. Previously, global gold prices had fallen by 0.19% in the first trading session of the week.

Gold prices dipped slightly on Monday as investors remained cautious ahead of the U.S. Federal Reserve’s two-day policy meeting and Chairman Jerome Powell’s speech.

“The market is awaiting the Fed’s decision and further policy guidance,” said Peter Grant, Vice President and Senior Metals Strategist at Zaner Metals.

Grant noted that gold prices continue to be supported by strong fundamentals and ongoing central bank purchases, adding that a target of $5,000 per ounce in the first quarter of 2026 is entirely achievable.

The market widely expects the Fed to cut interest rates by 25 basis points, with a 90% probability, up from around 66% in November. The Federal Open Market Committee (FOMC) will conclude its meeting on Wednesday, delivering the final policy decision of the year, followed by Chairman Powell’s press conference.

Lower interest rates enhance the appeal of non-yielding gold.

Meanwhile, the leaders of France, Germany, and the UK expressed strong support for Ukrainian President Volodymyr Zelenskiy in London at what they described as a “critical moment” for Kyiv, under pressure from the U.S. to agree to a proposed peace deal with Russia.

Gold, a safe-haven asset, tends to perform well during periods of economic and geopolitical uncertainty.

Morgan Stanley forecasts that gold prices will continue to rise due to a weaker U.S. dollar, strong ETF buying, continued central bank purchases, and safe-haven demand.