Global market overview: The world price of gold stands at 4154.3 USD per ounce, down from 4203 USD/oz the previous day. Over the past week it traded around 4178.9 USD/oz and in the last 30 days it reached about 4414 USD/oz. The retreat comes as the USD remains largely stable and US government yields stay elevated, contributing to a broad recalibration in gold markets worldwide.
Domestic gold prices in Vietnam are listed by karat and form, all quoted per tael in Vietnamese dong. 10K gold (416) is currently bought at 48,760,000 VND/tael and sold at 58,660,000 VND/tael, with the previous day sell at 59,070,000 VND/tael, seven days ago 59,280,000 and 30 days ago 60,940,000. 14K gold (585) is bought at 72,590,000 and sold at 82,490,000 VND/tael, with previous day sell 83,070,000; 7 days 83,360,000; 30 days 85,700,000. 14.6K gold (610) is bought at 76,110,000 and sold at 86,010,000; previous day 86,620,000; 7 days 86,930,000; 30 days 89,370,000. 16.3K gold (680) is bought at 85,980,000 and sold at 95,880,000; previous day 96,560,000; 7 days 96,900,000; 30 days 99,620,000. 18K gold (750) is bought at 95,850,000 and sold at 105,750,000; previous day 106,500,000; 7 days 106,880,000; 30 days 109,880,000. Gold jewelry 99 percent is bought at 133,390,000 and sold at 139,590,000; previous day 140,580,000; 7 days 141,080,000; 30 days 145,040,000. Gold jewelry 99.99 percent is bought at 136,500,000 and sold at 141,000,000; previous day 142,000,000; 7 days 142,500,000; 30 days 146,500,000. PNJ 999.9 plain ring is bought at 139,400,000 and sold at 142,400,000; previous day 143,100,000; 7 days 143,800,000; 30 days 147,600,000. SJC bullion gold bars are bought at 140,100,000 and sold at 143,100,000; previous day 143,600,000; 7 days 144,300,000; 30 days 147,600,000.
International price: World gold stands at 4154.3 USD per ounce, with the previous day at 4203 USD/oz, seven days ago at 4178.9 USD/oz, and 30 days ago at 4414 USD/oz. These levels reflect a softer global backdrop as investors reassess risk and inflation expectations in a high-yield environment.
Pricing analysis shows a consistent buy to sell spread around 9,900,000 VND per tael for standard bullion grades from 10K through 18K. Jewelry segments reveal narrower spreads: about 6.2 million for 99 percent jewelry, roughly 4.5 million for 99.99 percent jewelry, and about 3.0 million for PNJ 999.9 plain rings and SJC bullion bars. Current sell prices sit below their 30 day highs by amounts ranging from approximately 2.3 million to 5.5 million, illustrating a broad domestic price adjustment against the backdrop of softer global prices.
Market news over the past 24 hours points to a sustained decline in domestic gold sentiment. Headlines report ongoing reductions in the price of gold with ring prices dipping as much as 800,000 VND per tael. The global price has also retreated, with the world market showing no clear end to the adjustment. Domestic outlets note movement in the SJC and PNJ segments while the USD remains stable and US yields stay elevated, contributing to a cautious near term outlook for moves in the gold market.
In summary, the domestic gold market shows a broad downshift across bullion grades and jewelry with the world price easing. The price structure preserves solid dealer margins on standard bullion while jewelry benchmarks narrow the gap. Market participants should monitor USD direction and US yields, along with global price signals, to gauge the potential for further shifts in the coming weeks.
