Gold prices at PNJ, DOJI, and SJC are uniformly listed at VND 157.7 – 159.7 million per tael (buy – sell), marking a VND 300,000 increase per tael compared to the previous session’s close.
Meanwhile, gold ring prices at major retailers remain unchanged. PNJ and DOJI maintain their rates at VND 154 – 157 million per tael, while SJC lists gold rings at VND 153.1 – 156.1 million per tael.
Bao Tin Minh Hai stands out with a VND 300,000 hike in gold bar prices, now trading at VND 156.6 – 159.6 million per tael (buy – sell).
Gold prices at Bao Tin Minh Hai at the time of survey.
In the global market, spot gold was trading at approximately USD 4,533 per ounce during the survey, up USD 54 from the previous session. This trend underscores sustained buying momentum in recent sessions, keeping gold prices near historic highs.
Market analysts attribute this strength to safe-haven demand. Amid global economic uncertainty and heightened geopolitical tensions, investors are shifting funds from riskier assets like stocks to gold. As a long-term store of value, gold is seen as a hedge against market volatility and asset protection.
Notably, the 2026 gold outlook is positive, according to major financial institutions. Goldman Sachs commodity strategists view gold as the most attractive investment in the commodity sector next year.
The bank suggests that if both central banks and private investors increase gold holdings, prices could surpass USD 4,900 per ounce. Goldman Sachs highlights the U.S.-China strategic rivalry in technology, AI, and geopolitics, along with global energy market volatility, as key drivers for commodities, particularly gold.
Under a baseline scenario of stable global GDP growth and a 50-basis-point Fed rate cut in 2026, conditions favor gold and precious metals. Goldman Sachs is optimistic about gold due to consistent central bank purchases, forecasting average monthly buying of 70 tons in 2026, up significantly from pre-2022 levels. This is driven by geopolitical risks, low gold reserves in emerging economies like China, and strong global demand.
Goldman Sachs predicts gold will dip to USD 4,200 per ounce in Q1 2026, recover to USD 4,400 in Q2, peak at USD 4,630 in Q3, and approach USD 4,900 by year-end. Amid fiscal, geopolitical, and monetary risks, gold remains a top safe-haven asset for 2026.
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