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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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While global gold prices fell sharply, domestic SJC bullion and plain gold ring prices remained high in morning trading on April 7.
In the morning of April 7, SJC bullion prices quoted by SJC, PNJ and Bao Tin Minh Chau were at 170.1 million dong per tael for buying and 173.1 million dong per tael for selling, unchanged from the end of the previous day.
For 99.99% pure plain gold rings, prices varied by brand. SJC quoted plain rings at 169.6 million dong per tael for buying and 172.6 million dong per tael for selling, also unchanged from the end of yesterday. PNJ sold plain rings at 172 million dong per tael, while Mi Hong listed up to 173 million dong per tael.
Plain rings from Bao Tin Minh Chau and Bao Tin Manh Hai were traded at lower prices, with selling prices around 171.1 million dong per tael—about 2 million dong per tael below the SJC bullion selling price.
Despite the sharp fall in world prices, domestic gold prices were flat. On the international market, at 9:00 a.m. Vietnam time, gold was at 4,630 USD per ounce, down more than 30 USD per ounce from the previous day.
The decline in global prices occurred as oil prices and the USD index remained elevated. Analysts pointed to rising US yields and dollar strength, noting short-term pressure on gold from profit-taking.
In the long term, gold could hold around 4,500 USD/ounce and approach 5,000 USD/ounce.
Merrill Lynch’s latest report said that even with rising inflation and Middle East tensions, gold has not yet clearly shown its safe-haven role, with the metal down about 16% since tensions escalated. Over the past four weeks, gold has moved in line with many asset classes, reversing traditional hedging behavior after central banks intensified purchases—pushing gold to peaks above 5,600 USD/ounce by late January 2026.
Experts added that after a hot rally, corrections are normal, but factors such as large budget deficits, a weakening USD trend, and central bank diversification of reserves are expected to continue supporting gold over the long run.

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