Global market overview: The world price of gold stands at 3,884.9 USD/oz, down from 4,024.4 USD one day ago, with 7-day and 30-day readings at 4,007.9 and 4,211.9 respectively. The sharp decline from the previous day signals renewed investor caution and softer demand on the international bullion market. Over the last month, the price shows volatility with a 30-day reading around 4,211.9 USD/oz, indicating a mixed trend that has recently moved lower within the shorter horizon. Domestic sentiment often tracks USD performance and global rate expectations, which appear to weigh on local prices despite persistent demand for physical gold in the local market.
Domestic gold prices per tael show a broad spectrum across karats and product forms. For 10K gold (416), the current buy price is 47,510,000 VND/tael and the sell price is 57,410,000 VND/tael, with the previous day showing 57,910,000; 7 days ago 57,410,000; 30 days ago 59,400,000. 14K gold (585) shows Buy 70,830,000; Sell 80,730,000; Previous day 81,430,000; 7 days 80,730,000; 30 days 83,540,000. 14.6K gold (610) Buy 74,280,000; Sell 84,180,000; Previous day 84,910,000; 7 days 84,180,000; 30 days 87,110,000. 16.3K gold (680) Buy 83,940,000; Sell 93,840,000; Previous day 94,660,000; 7 days 93,840,000; 30 days 97,100,000. 18K gold (750) Buy 93,600,000; Sell 103,500,000; Previous day 104,400,000; 7 days 103,500,000; 30 days 107,100,000.
Additional domestic forms reflect broad price levels: Gold jewelry 99% Buy 130,420,000; Sell 136,620,000; Previous day 137,810,000; 7 days 136,620,000; 30 days 141,370,000. Gold jewelry 99.99% Buy 133,500,000; Sell 138,000,000; Previous day 139,200,000; 7 days 138,000,000; 30 days 142,800,000. PNJ 999.9 plain ring Buy 136,000,000; Sell 140,000,000; Previous day 141,000,000; 7 days 141,000,000; 30 days 144,300,000. SJC bullion Buy 138,400,000; Sell 141,400,000; Previous day 142,700,000; 7 days 141,700,000; 30 days 144,300,000.
Price drivers and spread insight: The current domestic quotes show wide buy-sell margins, with sell prices notably higher than buys by roughly 10 to 16 million VND per tael in many cases, reflecting standard bullion spreads and retail markups. The weakness versus the previous day across most categories suggests short-term price correction after a period of firmer levels, while 30-day readings remain higher, indicating that the market retained a premium over a month earlier. The most actively traded SJC bullion and 18K jewelry remain the reference for households and jewelers, with 99% and 99.99% jewelry showing similar directional moves to the bullion line, implying broad domestic demand tempered by imported price movements.
Market news and trends in the last 24 hours: The coverage points to a broad decline in both domestic and global gold prices on 31 October 2026, with headlines citing continuous price drops and the world price touching year lows. The domestic SJC and PNJ segments experienced softer quotes, while the world price remained under pressure despite maintenance of some local premium levels. Market participants appear to be awaiting new data on inflation expectations and central bank policy, which could set the near-term trajectory for gold across both markets.
