Domestic gold prices fall across SJC, PNJ, and DOJI as global gold prices retreat on April 6, 2026

Domestic gold prices opened the new week (April 6) with a broad decline from the previous week’s close, as world gold prices fell due to positive US jobs data, raising expectations that the Federal Reserve will keep interest rates high for longer. As of 13:45 on April 6, domestic gold prices remained unchanged from the morning survey and continued to trend lower versus the previous week’s close. Specifically, bullion at SJC, PNJ, DOJI, Bao Tin Minh Chau and Bao Tin Minh Hai were quoted at 170.1–173.1 million VND per tael (buy to sell), down 1.4 million per tael in both directions compared with the end of last week. In the jewelry segment, SJC buy-sell at 169.9–172.9 million per tael, down 1.4 million. PNJ quotes 169–172 million per tael, lower by 0.4 million for buying and 0.9 million for selling. DOJI at 170.1–173.1 million per tael, down 0.9–1.4 million. Meanwhile BTMC and BT Minh Hai both trimmed wedding ring gold to 168.1–171.1 million per tael, down 1.4 million per tael. [Table omitted] As of 8:45 am on April 6, domestic gold prices were adjusted lower by major firms, with typical declines of 1.4 million per tael for bullion, while jewelry gold showed price changes by brand. Specifically, bullion at SJC, PNJ, DOJI and BT Minh Hai were quoted at 170.1–173.1 million per tael, down 1.4 million vs the previous session. In jewelry, SJC at 169.9–172.9; PNJ at 169–172; DOJI at 170.1–173.1; BTMC 168.1–171.1; BT Minh Hai 168.1–171.1. Trading at 8:45 a.m., domestic gold prices were broadly lowered by major enterprises compared with the previous close, with typical declines of 1.4 million per tael for bullion, while jewelry gold showed brand-dependent adjustments. On the international market, the world gold price stood at 4,624 USD/ounce, down 1.1% from the previous week’s close. The price decline in early trading on Monday (April 6) followed stronger-than-expected US jobs data, suggesting the labor market remained resilient in the prior month. The Friday report from the US Bureau of Labor Statistics showed nonfarm payrolls rose by 178,000 in March, well above the analysts’ forecast of about 65,000. Growth was mainly led by healthcare, construction, transportation and logistics, while federal government employment continued to fall. The unemployment rate also fell to 4.3% from 4.4%, contrary to expectations of unchanged, indicating ongoing labor-market stability. Because gold markets were closed for the extended Easter holiday from April 3, these positive data had not been reflected in prices yet. However, upon reopening, selling pressure increased as investors adjusted monetary-policy expectations. Many analysts argued that a solid labor market would provide room for the Federal Reserve to maintain a neutral stance or tighten longer to curb inflation. This cooled the appeal of gold — a non-yielding safe-haven asset. Additionally, geopolitical tensions, such as the Iran conflict, disrupted global supply chains, particularly in energy, pushing oil above $100 per barrel and increasing inflation risk. In this context, many central banks are inclined to delay monetary-policy loosening. Analysts noted that for gold to regain its safe-haven role, clearer evidence of economic weakness would be needed to raise concerns about a stagflation scenario and force central banks to cut rates. Chris Zaccarelli, Chief Investment Officer at Northlight Asset Management, noted that most payroll data were collected before the clashes between the US and Israel over Iran. He emphasized that this still reflects a degree of resilience in the US economy. “To a certain extent, this reduces the Fed’s likelihood of rushing to cut rates. At the same time, it reinforces the view that the labor market remains stable, supporting consumer spending — a cornerstone of the economy,” he said. Read more. Read more Read more Read more