Global gold markets are showing a softer tone today as the international price sits at 3941.9 USD per ounce, down from 3955.8 USD per ounce yesterday. Over the past week the world price has hovered near 4064 USD/oz and around 4166.9 USD/oz on a 30 day basis, suggesting a mixed short term trend with longer horizon levels still elevated compared with recent dips. In the domestic market, price action remains constructive with local bars nudging higher even as global prices retreat, reflecting a typical close in the gap between local demand and international movements.
Domestic price data across major gold grades shows broad strength. Gold 416 with 10K purity is quoted at Buy 47,180,000 VND per tael and Sell 57,080,000 VND per tael, while the previous day Sell was 56,700,000 VND per tael and the 7 day level 57,910,000 VND per tael and the 30 day level 59,070,000 VND per tael. Gold 585 with 14K purity is Buy 70,360,000 and Sell 80,260,000, versus a previous day Sell of 79,740,000 and 7 day and 30 day levels of 81,430,000 and 83,070,000 respectively. The 610 grade 14.6K is Buy 73,790,000 and Sell 83,690,000, with Sell at 83,140,000 yesterday and 84,910,000 and 86,620,000 for 7 and 30 days ago. Gold 680 16.3K stands at Buy 83,400,000 and Sell 93,300,000, up from yesterday 92,680,000 and with 7 day 94,660,000 and 30 day 96,560,000. The 750 18K tier is Buy 93,000,000 and Sell 102,900,000, versus yesterday 102,230,000 and 7 day 104,400,000 and 30 day 106,500,000. In the jewelry segment Gold 99 is Buy 129,630,000 and Sell 135,830,000 per tael, with the previous day Sell at 134,940,000 and 7 day 137,810,000 and 30 day 140,580,000. For 99.99 percent jewelry the quotes are Buy 132,700,000 and Sell 137,200,000, with yesterday’s Sell at 136,300,000 and 7 day 139,200,000 and 30 day 142,000,000. PNJ plain rings with 99.99 purity are Buy 134,900,000 and Sell 138,900,000, compared with yesterday 138,000,000 and 7 day 141,000,000 and 30 day 143,300,000. SJC bullion is quoted Buy 137,600,000 and Sell 140,600,000, higher than yesterday’s 140,000,000 and with 7 day 142,700,000 and 30 day 143,500,000.
The typical spread between buy and sell across the mainstream grades remains around 9.0 to 9.9 million VND per tael for the standard bars (416 through 750). In contrast, higher purity pieces show narrower margins: 99 percent jewelry yields a spread of about 6.2 million VND per tael (135,830,000 minus 129,630,000), and 99.99 percent jewelry projects a spread near 4.5 million VND per tael (137,200,000 minus 132,700,000). PNJ 999.9 rings and SJC bullion demonstrate even tighter spreads around 4.0 million and 3.0 million VND per tael respectively, illustrating a tighter pricing band for high purity or brand specific products in the local market.
Market news over the last 24 hours highlights a contrast between domestic and international sentiment. Multiple outlets report domestic gold prices rising while world prices drift lower, with headlines noting SJC changes around 600,000 dong per tael in some coverage and a general push from the domestic market. The combination of higher local prices and a softer global backdrop reinforces the premium that local buyers are currently willing to pay for domestically sourced gold bars and jewelry, even as international demand softens in the near term.
