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Gold prices on 16/5/2026 showed clear weakness across both international and domestic markets, following a steep decline in global gold over the past 24 hours.
International market: World gold was quoted at 4,543.6 USD/oz. Compared with previous day, it fell from 4,659.1; over 7 days ago, it declined from 4,730.7. Data for 30 days was not provided.
Domestic market (VND/tael): Most listed gold grades moved down versus previous day and 7 days ago, with SJC gold in the 161–164 million VND/tael range.
Key domestic quotes (buy/sell):
• Gold 416 (10K): Buy 58,910,000 – Sell 67,810,000 VND/tael (Previous day: 68,220,000; 7 days ago: 68,890,000)
• Gold 585 (14K): Buy 86,460,000 – Sell 95,360,000 VND/tael (Previous day: 95,940,000; 7 days ago: 96,880,000)
• Gold 610 (14.6K): Buy 90,530,000 – Sell 99,430,000 VND/tael (Previous day: 100,040,000; 7 days ago: 101,020,000)
• Gold 680 (16.3K): Buy 101,940,000 – Sell 110,840,000 VND/tael (Previous day: 111,520,000; 7 days ago: 112,610,000)
• Gold 750 (18K): Buy 113,350,000 – Sell 122,250,000 VND/tael (Previous day: 123,000,000; 7 days ago: 124,200,000)
• 99% gold (jewelry): Buy 155,170,000 – Sell 161,370,000 VND/tael (Previous day: 162,360,000; 7 days ago: 163,940,000)
• 99.99% gold (jewelry): Buy 159,000,000 – Sell 163,000,000 VND/tael (Previous day: 164,000,000; 7 days ago: 165,600,000)
• PNJ plain ring 999.9: Buy 161,000,000 – Sell 164,000,000 VND/tael (Previous day: 165,000,000; 7 days ago: 167,300,000)
• SJC gold bars: Buy 161,000,000 – Sell 164,000,000 VND/tael (Previous day: 165,000,000; 7 days ago: 167,500,000)
News context (past 24 hours): Reports highlighted a sharp global sell-off—described as losing more than 100 USD/oz within 24 hours—while domestic prices also fell. Multiple outlets cited SJC being quoted at 161–164 million VND/tael and noted that buyers of gold bars could face losses of up to 30 million VND/tael.
Overall, the data for 16/5/2026 points to a synchronized decline: weaker world gold prices translated into lower domestic quotes across multiple gold grades, with SJC holding the 161–164 million VND/tael band.
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