The global gold market is trading around 4122.7 USD per ounce today, with a 1 day and 7 days ago reading of 4122.7 and a 30 day average of 4030.2 USD per ounce. This setup indicates a stable near term stance on the world stage as traders weigh dollar strength against safe haven demand. Domestic pricing follows a tael based structure with wide spreads across karat grades, reflecting local supply dynamics and retail demand in Vietnam.
Domestic tael pricing by karat shows a broad spectrum. For 416 tael 10K gold the buy price is 49,590,000 VND per tael and the sell price is 59,490,000 VND per tael, with a 30 day level at 60,900,000 VND per tael. The 14K 585 gold is bought at 73,760,000 and sold at 83,660,000, while the 30 day level stands at 85,640,000. The 14.6K 610 gold trades at 77,330,000 buy and 87,230,000 sell, with 30 day at 89,300,000. The 16.3K 680 gold shows 87,340,000 buy and 97,240,000 sell, with 30 day at 99,550,000. The 18K 750 gold is bought at 97,350,000 and sold at 107,250,000, and 30 day price sits at 109,800,000.
The premium jewelry and bullion categories command higher price points. Jewelry 99 percent gold is bought at 135,370,000 and sold at 141,570,000 per tael, with a 30 day level of 144,940,000. Jewelry 99.99 percent fetches 138,000,000 bought and 143,000,000 sold, with 30 day at 146,400,000. PNJ 999.9 plain rings are 140,000,000 buy and 145,500,000 sell, 30 day 148,000,000. SJC bullion bars are 142,000,000 buy and 146,000,000 sell, with 30 days at 148,000,000.
These figures show that the domestic market maintains sizable gaps between buy and sell prices across all categories, with 30 day levels generally above current spot tael quotes for many grades. The tael market thus presents diverse entry points for different consumer segments, from lower karat jewelry to high purity bullion, while the spread remains a notable feature for buyers and sellers in the short term.
Market news over the past 24 hours highlights a broad pullback in both domestic and world gold prices. Headlines report declines across the board for today, noting softer prices in domestic bullion and in global markets, with reviews of SJC bars and jewelry in particular showing softer levels. The coverage also cites that morning updates and Wednesday movements reflect ongoing caution among traders, with warnings that short term trading carries increased risk in the current environment.
