Global gold markets show renewed strength as world prices move higher. The world price stands at 3955.8 USD per ounce, up from 3907.7 USD/oz on the previous day. The 7 day and 30 day readings are 4070.9 USD/oz and 4172.8 USD/oz respectively, signaling a firmer tone in the near term while the longer horizon remains elevated.
In the domestic tael market, quotes are quoted across a range of products. Gold 10K 416: Buy 46,800,000 VND/tael; Sell 56,700,000 VND/tael; Previous day 56,160,000 VND/tael; 7 days ago 57,410,000 VND/tael; 30 days ago 59,280,000 VND/tael. Gold 14K 585: Buy 69,840,000; Sell 79,740,000 VND/tael; Previous day 78,980,000; 7 days ago 80,730,000; 30 days ago 83,360,000. Gold 14.6K 610: Buy 73,240,000; Sell 83,140,000 VND/tael; Previous day 82,350,000; 7 days ago 84,180,000; 30 days ago 86,930,000. Gold 16.3K 680: Buy 82,780,000; Sell 92,680,000 VND/tael; Previous day 91,800,000; 7 days ago 93,840,000; 30 days ago 96,900,000. Gold 18K 750: Buy 92,330,000; Sell 102,230,000 VND/tael; Previous day 101,250,000; 7 days ago 103,500,000; 30 days ago 106,880,000. Jewelry gold 99%: Buy 128,740,000; Sell 134,940,000 VND/tael; Previous day 133,650,000; 7 days ago 136,620,000; 30 days ago 141,080,000. Jewelry gold 99.99%: Buy 131,800,000; Sell 136,300,000 VND/tael; Previous day 135,000,000; 7 days ago 138,000,000; 30 days ago 142,500,000. PNJ plain ring 999.9: Buy 134,000,000; Sell 138,000,000 VND/tael; Previous day 137,600,000; 7 days ago 140,600,000; 30 days ago 143,500,000. SJC bullion: Buy 137,000,000; Sell 140,000,000 VND/tael; Previous day 139,000,000; 7 days ago 142,000,000; 30 days ago 143,500,000.
The current domestic spreads reveal a notable pattern. Standard bullion across 10K to 18K grades carries a consistent buy to sell gap of about 9,900,000 VND/tael, illustrating stable dealer margins. In contrast, jewelry oriented products show tighter margins, with jewelry 99% at a 6,200,000 gap, jewelry 99.99% at 4,500,000, PNJ plain ring 999.9 at 4,000,000, and SJC bullion at 3,000,000 VND/tael. This suggests bullion products offer the widest liquidity cushion while branded jewelry commands tighter margins.
Market news over the last 24 hours reflects a broad gold narrative. World prices have risen to 3955.8 USD/oz from 3907.7 USD/oz the previous day, with 7 day and 30 day readings at 4070.9 and 4172.8 USD/oz, respectively. Domestically, SJC bullion trades around 137,000,000 to 140,000,000 VND/tael, with yesterday’s levels near 139,000,000 for buy and 140,000,000 for sell, underscoring a continued move higher in prices alongside a steady stream of market news pointing to potential upside as global sentiment improves.
