Global gold prices eased in today's session, with the world price at 4043.3 USD per ounce. The previous day price stood at 4152.0 USD/oz, while the 7 day and 30 day readings were 4070.8 and 4197.5 USD per ounce, respectively. The latest data points reflect softness in the global market as headlines in the past 24 hours cited a hotter than expected US CPI, contributing to a near 3 percent decline in world gold in recent reports.
In the domestic market, gold is priced across several fineness levels with a broad bid-ask spread. Current buy and sell prices per tael in VND are as follows: Gold 416 (10K) buy 49,740,000; sell 55,740,000; Gold 585 (14K) buy 72,390,000; sell 78,390,000; Gold 610 (14.6K) buy 75,740,000; sell 81,740,000; Gold 680 (16.3K) buy 85,120,000; sell 91,120,000; Gold 750 (18K) buy 94,500,000; sell 100,500,000; Gold jewelry 99 percent buy 126,460,000; sell 132,660,000; Gold jewelry 99.99 percent buy 129,200,000; sell 134,000,000; PNJ plain ring 999.9 buy 136,100,000; sell 140,300,000; SJC bullion buy 137,900,000; sell 140,900,000. Compared with the 1 day ago prices, the current sell values align with the 1 day figures for many categories, while the 7 day and 30 day figures were higher, indicating a softer tone on longer horizons.
Across the board, the bid ask spread remains substantial, with typical gaps around 4 to 6 million VND per tael. The widest gaps appear in the lower purity categories such as 10K to 18K bars and jewelry, each commonly showing about a 6 million gap, while premium items show relatively narrower spreads: 99.99 percent jewelry around 4.8 million, PNJ 999.9 plain ring about 4.2 million, and SJC bullion near 3.0 million.
Market news and sentiment from the past 24 hours point to a broad retreat in both domestic and world gold prices, in line with softer global prices and domestic movement. Traders will monitor US CPI developments and dollar strength in the near term, as inflation data and policy expectations could keep pressure on gold in the short run, even as demand for high purity and jewelry provides potential support on price dips.
