The global gold market shows a steady backdrop on 29 August 2026 with the world price quoted at 4,651.3 USD per ounce. The data indicate the same level for the previous day and for seven days ago, while data for 30 days ago is not provided, implying a recent period of flat to slightly oscillating sentiment in international markets. This level provides a reference point for domestic pricing as traders weigh risk, currency moves, and safe haven demand in a market that remains rangebound on the latest update.
In the domestic market, quotes are provided per tael and span bullion grades from 10K through 18K, reflecting a clear tiered structure. Gold 416 (10K) is quoted Buy 50,790,000 VND/tael and Sell 60,690,000 VND/tael, with historical references listed as Previous day 60,690,000; 7 days ago 60,690,000; 30 days ago -. Gold 585 (14K) shows Buy 75,450,000 and Sell 85,350,000 VND/tael, with Previous day 85,350,000; 7 days ago 85,350,000; 30 days ago -. Gold 610 (14.6K) is Buy 79,100,000 and Sell 89,000,000 VND/tael, with Previous day 89,000,000; 7 days ago 89,000,000; 30 days ago -. Gold 680 (16.3K) quotes Buy 89,310,000 and Sell 99,210,000 VND/tael, with Previous day 99,210,000; 7 days ago 99,210,000; 30 days ago -. Gold 750 (18K) is Buy 99,530,000 and Sell 109,430,000 VND/tael, with Previous day 109,430,000; 7 days ago 109,430,000; 30 days ago -.
The heart of the domestic market lies in the jewelry and higher purity segments. 99 percent jewelry is quoted Buy 138,240,000 and Sell 144,440,000 VND/tael, with Previous day 144,440,000; 7 days ago 144,440,000; 30 days ago -. The 99.99 percent jewelry category sits at Buy 140,900,000 and Sell 145,900,000 VND/tael, with Previous day 145,900,000; 7 days ago 145,900,000; 30 days ago -. For PNJ 999.9 plain rings the quotes are Buy 143,400,000 and Sell 146,900,000 VND/tael, with Previous day 146,900,000; 7 days ago 146,900,000; 30 days ago -. Finally, SJC bullion is quoted Buy 144,000,000 and Sell 147,000,000 VND/tael, with Previous day 147,000,000; 7 days ago 147,000,000; 30 days ago -.
Across the full domestic spectrum, the spread between buy and sell prices varies by product. Bullion grades from 10K to 18K carry a fixed spread of 9,900,000 VND per tael, while high purity jewelry and brand specific pieces show narrower spreads, ranging from 3,000,000 to 6,200,000 VND per tael. This pattern highlights stronger liquidity and tighter pricing for premium jewelry and bullion that is widely traded, contrasted with larger gross margins on lower karat bullion due to manufacturing cost and liquidity considerations. The data underscore a domestic market that remains orderly with clear grade-based price discrimination, even as the global price narrative hints at a softer backdrop in the broader environment, as seen in recent news coverage.
Market news over the last 24 hours highlights a variety of headlines about gold price movements. Reports note a drop in world gold prices on 29 August 2026, while domestic quotes display stable or modestly varying levels across different product lines. The combination suggests that domestic traders may be absorbing global price signals differently by product type, with bullion and lower karat grades maintaining standard spreads and high purity jewelry showing tighter margins, potentially reflecting local demand patterns and craftsmanship premiums. Investors and consumers should watch for any scare in currency markets or shifts in risk sentiment, as these could tilt the balance between domestic quotes and the international price anchor in the near term.
