Domestic gold prices ease amid choppy trading

During the trading week of April 6–11, buying and selling prices of SJC bullion eased by 700 thousand dong per tael, even as prices remained volatile across sessions. The pattern pointed to a market in a tug-of-war, with buyers showing caution.

Prices eased across the week, with declines from April 10

Over April 6–11, SJC bullion buying and selling prices reversed to a slight decline. Across major networks, the selling price was commonly around 172.4 million dong per tael. Compared with the close on April 10, both buy and sell prices fell by 300 thousand dong per tael.

At the close of the afternoon session, DOJI, PNJ, Bao Tin Minh Chau, Bao Tin Manh Hai, and Phu Quy quoted SJC bullion buying at 169.4 million dong per tael and selling at 172.4 million dong per tael. Relative to the April 10 close, buying and selling prices at these brands also declined by 300 thousand dong per tael on each side.

South Vietnam: Mi Hồng adjusted down, with a higher buy level

In the South, bullion prices at Mi Hồng eased by 300 thousand dong per tael on both sides. The selling price finished at 172.4 million dong per tael, while the buying price was about 1.3 million dong higher than other brands at 170.7 million dong per tael.

Ngọc Thẩm posted gains over two sessions

Ngọc Thẩm registered two consecutive gains. By the close on April 11, it quoted buying and selling bullion at 169.4 million – 172.4 million dong per tael, up 400 thousand dong per tael on each side. Over the two sessions (April 10–11), trading volume for this brand rose by a total of 3 million dong per tael.

High intraday swings, then quick stabilization

The week featured mixed rises and falls with wide intraday swings, making trading choppy and reflecting cautious investor sentiment. By week’s end, SJC bullion buying and selling prices were down broadly by 700 thousand dong per tael versus the start of the week (April 6).

Daily adjustments were sharp, with very wide swings at times reaching up to 3.5 million dong per tael on the sell side and 2.5 million dong per tael on the buy side, widening intraday volatility. However, the deeper declines were not sustained. They were quickly balanced by bottom-fishing demand when the buying price fell to 167.5 million dong per tael (the lowest since late March). The selling price then fell to 171.5 million dong per tael before rebounding.

Retail 4-number-9 rings: adjustments of 300–500 thousand dong per tael

In parallel, 4-number-9 jewelry traded by retailers adjusted by 300 thousand to 500 thousand dong per tael on each side. One retailer kept its buy/sell price unchanged for the day.

End-of-week quotes for 9999 ring jewelry

At the close, DOJI remained quoted for 9999 ring jewelry “Tròn 9999 Hung Thinh Vuong” at 169.4–172.4 million dong per tael (buy–sell), down 300 thousand dong per tael on each side versus the close on April 10.

Prices for 4-number-9 rings at Bao Tin Minh Chau and Bao Tin Manh Hai closed at 169.4–172.4 million dong per tael, down 300 thousand dong per tael on each side.

Broader comparison (30/3–4/4): divergence across retailers

Across the overall week 30/3–4/4, retailers’ 4-number-9 ring price movements showed clear divergence. Compared with the week’s start (6/4), Ngọc Thẩm’s ring prices remained flat, while buying prices at SJC, DOJI and Phú Quý stayed on a downward trend, with declines ranging from 500 thousand to 700 thousand dong per tael.

By contrast, PNJ, Bao Tin Minh Chau and Bao Tin Manh Hai adjusted 4-number-9 ring prices upward by 200 thousand dong to as much as 1.3 million dong per tael.

Global gold: futures down; domestic/world spread remains wide

On the New York market, the closing price for gold futures on 10/4 fell by about 0.24% to around 4,751.7 USD/oz.

According to Vietcombank’s exchange rate (including taxes and fees), the gap between domestic bullion prices and world bullion prices stood at 19.85 million dong per tael. For 4-number-9 jewelry, the gap across brands ranged from about 9.45 million to 19.85 million dong per tael.