Domestic gold prices were flat this morning, with SJC bullion trading at 145.5 million dong per tael on the buy side and 148.5 million dong per tael on the sell side. The bid-ask spread remained at 3-4 million dong per tael. At 10:20 a.m., SJC bullion prices at major gold retailers such as Saigon Jewelry, Phú Quý, and Doji were 145.5 million dong on the bid and 148.5 million dong on the ask, unchanged from yesterday's close (July 8).
International gold prices and currency movements influenced domestic pricing. The international price hovered around $4,063 per ounce. Using Vietcombank's USD rate, the world price equates to about 129.5 million dong per tael, meaning the domestic SJC price is about 19 million dong per tael higher than the world price.
Prices at major retailers remained unchanged from yesterday's close. The bid-ask spread stayed at 3-4 million dong per tael. Phú Quý Jewelry quoted ring prices at 144.5-148 million dong per tael (buy-sell), unchanged from July 8. Bao Tin Minh Chau quoted ring prices at 144.3-148.3 million dong per tael (buy-sell), unchanged from the previous close.
The domestic premium over the world price and the updated currency quotations indicate that local gold remains more expensive than the global benchmark, with moves in the currency market translating into higher dong-denominated prices for gold.
No expert commentary was provided in the source material.
