•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Morning of April 17, domestic gold prices continued to fall, with buyers taking significant losses. The Saigon Jewelry Joint Stock Company (SJC) and other gold traders adjusted the price of SJC gold bars, bringing the purchase price to 167 million VND per tael and the selling price to 170.5 million VND per tael, down 700,000 VND per tael from the end of the previous day.
Similarly, 99.99% gold bars and jewelry were adjusted to around 166.5 million VND per tael (buy) and 170 million VND per tael (sell), down 700,000 VND per tael. In a single day, domestic gold prices fell by about 2.2 million VND per tael. Over the last three days, each tael has eroded by as much as 5 million VND. As a result, buyers who purchased gold around 175.5 million VND per tael three days ago would face losses of up to 8.5 million VND per tael if they sold at current traders’ buy prices.
On the international market, at 9:30 a.m. on April 17 (Vietnam time), gold traded around $4,789 per ounce, down about $40 per ounce from the previous session. Over the past three days, global gold prices have fallen by roughly $80 per ounce, equivalent to about 2.6 million VND per tael.
The gap between domestic and world gold prices continues to narrow. The world price converted is about 153 million VND per tael, roughly 17.5 million VND per tael below the domestic price.
Analysts attribute the decline mainly to a stronger US dollar. The USD index (DXY) rose to about 98.2, making gold—priced in USD—less attractive to investors holding other currencies. In addition, the 10-year US Treasury yield remained around 4.3%, raising the opportunity cost of holding gold, which does not generate interest.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
