Global gold markets are relatively quiet with the world price holding at 4122.7 USD per ounce. The 7 day and 30 day readings show lower levels around 4018.8 and 4036.5 USD/oz respectively, suggesting cautious sentiment as investors weigh near term risk and demand drivers while the current level remains near the latest print.
In Vietnam the domestic tael market presents a clear purity based ladder. Gold 416 (10K) is currently bought at 49,590,000 and sold at 59,490,000 VND/tael, with the sell side reporting Previous day 59,490,000; 7 days ago 60,110,000; 30 days ago 60,200,000. Gold 585 (14K) trades at Buy 73,760,000 and Sell 83,660,000 VND/tael, with Previous day 83,660,000; 7 days ago 84,530,000; 30 days ago 84,650,000. Gold 610 (14.6K) is Buy 77,330,000 and Sell 87,230,000 VND/tael, with Previous day 87,230,000; 7 days ago 88,150,000; 30 days ago 88,270,000. Gold 680 (16.3K) stands at Buy 87,340,000 and Sell 97,240,000 VND/tael, with Previous day 97,240,000; 7 days ago 98,260,000; 30 days ago 98,400,000. Gold 750 (18K) is Buy 97,350,000 and Sell 107,250,000 VND/tael, with Previous day 107,250,000; 7 days ago 108,380,000; 30 days ago 108,530,000.
Jewelry grade gold shows higher absolute levels: Jewelry 99% is Buy 135,370,000 and Sell 141,570,000 VND/tael, with Previous day 141,570,000; 7 days ago 143,060,000; 30 days ago 143,250,000. Jewelry 99.99% is Buy 138,000,000 and Sell 143,000,000 VND/tael, with Previous day 143,000,000; 7 days ago 144,500,000; 30 days ago 144,700,000. PNJ 999.9 plain ring is Buy 140,000,000 and Sell 145,500,000 VND/tael, with Previous day 145,500,000; 7 days ago 146,500,000; 30 days ago 146,000,000. SJC bullion is Buy 142,000,000 and Sell 146,000,000 VND/tael, with Previous day 146,000,000; 7 days ago 147,500,000; 30 days ago 146,200,000.
Across the board the buy to sell spreads are reasonably wide, reflecting the cash and jewelry nature of the market. The 10K through 18K ladder shows a consistent roughly 9.9 million VND/tael spread between buying and selling, while higher purity jewelry and bullion range from about 4 to 6 million VND/tael. This structure highlights the premium for purity and brand in the domestic market, with SJC bullion and high purity jewelry nearing the upper end of tael prices.
News context over the last 24 hours points to a volatile but resilient domestic demand environment. Headlines report that the domestic gold market reversed to rise by about 1.5 million VND per tael, alongside coverage of mixed movements in jewelry versus bullion prices. The overall takeaway is a market balancing recent global moves with strong local demand signals, warranting close attention from traders and investors in the near term.
