Global gold prices are quoted at 4209.8 USD per ounce today. The price has been flat versus the previous day and the seven day reference, while the thirty day level sits at 4309.3 USD per ounce, indicating a softer trend from the month high. Market observers note a flurry of headlines in the last twenty four hour news coverage suggesting a rebound in world prices, while domestic quotes remain relatively stable.
Domestic investment grade bars show a structured ladder of prices by karat. Gold 416 tael 10K is bought at 49,710,000 VND/tael and sold at 59,610,000 VND/tael, with the historical sell levels recorded as previous day 59,610,000 VND/tael and seven days ago 59,610,000 VND/tael, and thirty days ago 60,530,000 VND/tael. The 585 tael 14K class is quoted at buy 73,930,000 VND/tael and sell 83,830,000 VND/tael, with thirty day sell at 85,120,000 VND/tael; the previous day and seven days ago sit at 83,830,000 VND/tael.
Gold 610 tael 14.6K shows buy 77,510,000 VND/tael and sell 87,410,000 VND/tael, thirty day sell 88,760,000 VND/tael. Gold 680 tael 16.3K is buy 87,540,000 VND/tael and sell 97,440,000 VND/tael, with thirty day sell 98,940,000 VND/tael. Gold 750 tael 18K is buy 97,580,000 VND/tael and sell 107,480,000 VND/tael, thirty day sell 109,130,000 VND/tael.
Jewelry and bullion categories include gold jewelry 99 percent buy 135,670,000 VND/tael and sell 141,870,000 VND/tael, with thirty day sell 144,050,000 VND/tael. Gold jewelry 99.99 percent is buy 138,800,000 VND/tael and sell 143,300,000 VND/tael, thirty day sell 145,500,000 VND/tael. PNJ plain ring 999.9 is buy 141,300,000 VND/tael and sell 144,300,000 VND/tael, thirty day sell 146,500,000 VND/tael. SJC gold bar is buy 141,800,000 VND/tael and sell 144,800,000 VND/tael, thirty day sell 146,500,000 VND/tael.
Market takeaway and trend: The domestic buy sell spread remains around 9,900,000 VND/tael across the spectrum, with price levels rising with purity as shown by the higher tael categories. The thirty day comparisons indicate some softness versus the month high, while the twenty four hour news coverage in the data suggests a world price rally that has yet to fully translate into domestic moves. Overall, domestic gold quotes show resilience and gradual alignment with global movements in the midst of a mixed news backdrop.
