Global gold prices softened as the latest data show the world price at 4010 USD per ounce, down from 4037.4 USD yesterday and well below levels seen 7 days ago at 4181.1 USD and 30 days ago at 4308.1 USD. The retreat signals a softer near term sentiment for bullion as investors weigh inflation trends and risk appetite. Domestic markets remain influenced by international moves and currency dynamics, with local prices still trading at sizeable premia or discounts relative to the global level.
Domestic prices are quoted per tael for various karats and forms. Current levels are as follows: Gold 416 (10K): Buy 47,920,000 VND/tael; Sell 57,820,000 VND/tael; Previous day 58,200,000; 7 days ago 59,070,000; 30 days ago 59,650,000. Gold 585 (14K): Buy 71,420,000 VND/tael; Sell 81,320,000 VND/tael; Previous day 81,840,000; 7 days ago 83,070,000; 30 days ago 83,890,000. Gold 610 (14.6K): Buy 74,890,000 VND/tael; Sell 84,790,000 VND/tael; Previous day 85,340,000; 7 days ago 86,620,000; 30 days ago 87,470,000. Gold 680 (16.3K): Buy 84,620,000 VND/tael; Sell 94,520,000 VND/tael; Previous day 95,130,000; 7 days ago 96,560,000; 30 days ago 97,510,000. Gold 750 (18K): Buy 94,350,000 VND/tael; Sell 104,250,000 VND/tael; Previous day 104,930,000; 7 days ago 106,500,000; 30 days ago 107,550,000. Gold jewelry 99%: Buy 131,410,000 VND/tael; Sell 137,610,000 VND/tael; Previous day 138,500,000; 7 days ago 140,580,000; 30 days ago 141,970,000. Gold jewelry 99.99%: Buy 134,500,000 VND/tael; Sell 139,000,000 VND/tael; Previous day 139,900,000; 7 days ago 142,000,000; 30 days ago 143,400,000. PNJ 999.9 plain ring: Buy 138,000,000 VND/tael; Sell 141,000,000 VND/tael; Previous day 141,400,000; 7 days ago 143,100,000; 30 days ago 144,400,000. SJC bullion: Buy 139,000,000 VND/tael; Sell 142,000,000 VND/tael; Previous day 142,300,000; 7 days ago 143,600,000; 30 days ago 144,400,000.
The domestic market shows declines across the board versus the old prices for all key products, with the gap between buy and sell typically around 10 million VND for most bars and higher for jewelry due to purity and branding adjustments. The SJC bullion and top grade jewelry carry the highest nominal prices in VND per tael, reflecting both metal value and market craftsmanship. The low karat bars exhibit pronounced declines in the recent period, signaling broad selling pressure as global prices retreat and buyers reassess near term demand.
Market news from the past 24 hours highlights a cooling in gold sentiment in both domestic and global markets. Headlines note that SJC price sits near 142 million VND per tael while world prices have dipped below 4,000 USD per ounce, suggesting a cautious tone as macro signals and central bank policy expectations shape bullion trading. Overall, the market remains sensitive to shifts in global risk appetite and currency moves, with domestic prices continuing to reflect both international cues and local liquidity conditions.
