Gold Ring Prices Drop in the Afternoon of January 10th as Two Major Gold Traders Cut Rates

As of 4:30 PM, compared to the morning levels, domestic gold prices remained largely unchanged, with gold bars holding steady and gold rings experiencing slight adjustments at some brands.

For gold bars, SJC, PNJ, DOJI, and Bảo Tín Minh Châu maintained their buying price at 157.8 million VND/tael and selling price at 159.8 million VND/tael, unchanged from the morning. Bảo Tín Mạnh Hải also kept its gold bar prices steady at 157.9 – 159.8 million VND/tael.

In the gold ring segment, SJC, PNJ, and DOJI did not adjust their prices from 9:30 AM, holding at 154.3 – 156.8 million VND/tael, 155 – 158 million VND/tael, and 154.5 – 157.5 million VND/tael, respectively. Meanwhile, gold rings at Bảo Tín Minh Châu and Bảo Tín Mạnh Hải saw a slight decrease from 156.8 – 159.8 million VND/tael to 156.5 – 159.5 million VND/tael, a reduction of approximately 0.3 million VND/tael.

However, compared to yesterday’s closing prices, the overall gold price level is significantly higher: gold bars at major companies maintained an increase of 1.5 million VND/tael, while gold rings are 0.5 – 1.5 million VND/tael higher depending on the brand.

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As of 9:30 AM, domestic gold prices rose sharply compared to the previous session’s close. Gold bars from SJC increased by 1.5 million VND/tael in both buying and selling prices, while gold rings increased by 0.5 – 1.5 million VND/tael depending on the brand.

For gold bars, SJC, PNJ, DOJI, and Bảo Tín Minh Châu all listed a buying price of 157.8 million VND/tael and a selling price of 159.8 million VND/tael, an increase of 1.5 million VND/tael in both directions. Bảo Tín Mạnh Hải listed gold bars at 157.9 – 159.8 million VND/tael, also up 1.5 million VND/tael from the previous session.

In the gold ring segment, SJC Company adjusted prices upward to 154.3 – 156.8 million VND/tael, 1.5 million VND/tael higher than the previous session. PNJ raised prices to 155 – 158 million VND/tael, up 1.5 million VND/tael, while DOJI listed at 154.5 – 157.5 million VND/tael, an increase of 0.5 million VND/tael. Gold rings at Bảo Tín Minh Châu and Bảo Tín Mạnh Hải were adjusted to 156.8 – 159.8 million VND/tael, up 1.2 million VND/tael from yesterday’s close.

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In the international market, the global gold price closed the week at $4,508.8 per ounce, up 0.71% from the nearest close.

Earlier, gold prices rose nearly 0.5% in Thursday’s session (January 8). Overall, global gold prices increased by a total of 4.1% during the past week, approaching the historical high of $4,550 per ounce recorded in late 2025.

Gold prices surged on Friday as investors weighed weaker-than-expected U.S. employment data alongside broader geopolitical and policy uncertainties.

U.S. non-farm employment in December increased by 50,000, below the expected 60,000, while the unemployment rate fell to 4.4%, lower than the forecasted 4.5%.

“The employment data indicates a less favorable job creation environment. There may be additional geopolitical tensions, slightly higher oil prices (causing inflation), instability, and the Federal Reserve’s easing of monetary policy—all factors combined to support the precious metal,” said Bart Melek, Global Head of Commodity Strategy at TD Securities.

Investors continue to factor in the possibility of the Federal Reserve cutting interest rates at least twice this year, a scenario inherently favorable for gold.

Geopolitical tensions remain high amid escalating instability in Iran, ongoing conflict in Russia’s war with Ukraine, the U.S. arrest of Venezuelan President Nicolas Maduro, and new signals from Washington about gaining control of Greenland.

Domestically, gold prices opened the January 10 session unchanged from the previous close, maintaining high levels for both gold bars and gold rings.

For gold bars, SJC, PNJ, DOJI, and Bảo Tín Minh Châu all listed a buying price of 156.3 million VND/tael and a selling price of 158.3 million VND/tael. Bảo Tín Mạnh Hải listed gold bars at 156.4 – 158.3 million VND/tael.

In the gold ring segment, SJC Company listed buying and selling prices at 152.8 – 155.3 million VND/tael. PNJ and DOJI listed at 153.5 – 156.5 million VND/tael and 154 – 157 million VND/tael, respectively. Gold rings at Bảo Tín Minh Châu and Bảo Tín Mạnh Hải remained listed at 155.6 – 158.6 million VND/tael.