Global gold markets closed the session with a softer tone, as the price per ounce stood at 4111.4 USD, down from 4176.1 USD/oz the previous day. The 7 day price new reading sits around 4045.8 USD/oz, while the 30 day level sits near 4343.3 USD/oz, underscoring a period of volatility with a near term pullback yet a longer horizon of higher levels on some metrics. This mixed backdrop suggests that sentiment remains sensitive to currency moves, inflation data, and broader risk appetite.
In the domestic market, prices are quoted per tael (VND/tael) for a range of gold types. Gold 416 (10K) is currently bought at 51,250,000 VND/tael and sold at 61,150,000 VND/tael, with the old 1 day price at 61,980,000 VND/tael, 7 days ago 59,900,000 VND/tael, and 30 days ago 59,160,000 VND/tael. Gold 585 (14K) is bought at 76,100,000 VND/tael and sold at 86,000,000 VND/tael, with the 1 day price at 87,170,000 VND/tael, 7 days ago 84,240,000 VND/tael, and 30 days ago 83,190,000 VND/tael. Gold 610 (14.6K) is bought at 79,770,000 VND/tael and sold at 89,670,000 VND/tael; the 1 day price is 90,890,000 VND/tael, 7 days ago 87,840,000 VND/tael, and 30 days ago 86,740,000 VND/tael. Gold 680 (16.3K) is bought at 90,060,000 VND/tael and sold at 99,960,000 VND/tael; the 1 day price is 101,320,000 VND/tael, 7 days ago 97,920,000 VND/tael, and 30 days ago 96,700,000 VND/tael. Gold 750 (18K) is bought at 100,350,000 VND/tael and sold at 110,250,000 VND/tael; the 1 day price is 111,750,000 VND/tael, 7 days ago 108,000,000 VND/tael, and 30 days ago 106,650,000 VND/tael.
Jewelry gold items show higher purity levels with correspondingly higher price tags. Jewelry gold 99% is bought at 139,330,000 VND/tael and sold at 145,530,000 VND/tael; the 1 day price is 147,510,000 VND/tael, 7 days ago 142,560,000 VND/tael, and 30 days ago 140,780,000 VND/tael. Jewelry gold 99.99% is bought at 143,000,000 VND/tael and sold at 147,000,000 VND/tael; the 1 day price is 149,000,000 VND/tael, 7 days ago 144,000,000 VND/tael, and 30 days ago 142,200,000 VND/tael. For PNJ 999.9 plain rings, the buy price is 146,500,000 VND/tael and the sell price 149,500,000 VND/tael, with the 1 day price at 151,000,000 VND/tael, 7 days ago 146,000,000 VND/tael, and 30 days ago 143,800,000 VND/tael. Finally, SJC bullion is quoted at a buy price of 147,000,000 VND/tael and a sell price of 150,000,000 VND/tael; the 1 day price recorded 151,000,000 VND/tael, 7 days ago 146,400,000 VND/tael, and 30 days ago 143,800,000 VND/tael.
Across these categories, the current sell quotes are typically lower than the most immediate prior day for many items, signaling a short term pullback from yesterday’s highs. Over the longer horizon, the 7 day and 30 day figures generally show an upward drift relative to the earlier windows, suggesting a gradual accumulation tendency as market participants reassess entry points. The standard premium between buy and sell remains substantial for lower purities (roughly 9.9 million VND/tael across 10K, 14K, 14.6K, 16.3K and 18K) while higher purity pieces and jewelry tend to exhibit narrower spreads (roughly 3 to 6.2 million VND/tael). These dynamics reflect purity-driven value gaps and liquidity preferences in the domestic market.
The market context over the last 24 hours features prominent coverage of a soft domestic tone with prices hovering near 150 million VND per tael for popular domestic bars, and a broader narrative of market consolidation rather than continued selling pressure. Several outlets highlighted a potential shift toward accumulation and a suggested target gold allocation of roughly 5-15 percent in portfolios, which helps illuminate the near term sentiment shaping price action. Taken together with the global price backdrop, the domestic market is poised for cautious follow-through as investors weigh currency implications and global inflation data in the days ahead.
In summary, domestic gold prices remain anchored around 150 million VND per tael across key products, with a purity-driven premium structure that aligns higher purity pieces with higher price points. Intraday moves show modest declines from yesterday, while the 7 to 30 day trends point to a gradual upward drift against a backdrop of global price volatility. The path forward will likely hinge on the evolving global rate environment and currency movements, which will determine whether the recent plateau holds or a fresh leg higher emerges in the near term.
