Global gold prices ended the session softer after a recent rally. The world price sits at 4111.4 USD per ounce, down from 4176.1 USD per ounce yesterday. The 7-day average is 4045.8 USD/oz while the 30-day reading stands at 4343.3 USD/oz, indicating a softer near-term tone despite a higher longer-term level.
Domestically, Vietnamese gold products span karat variants from 10K to 18K and include jewelry and bullion. The current quotes show wide buy-sell spreads across the market. Gold 416 (10K) Buy 51,250,000 VND/tael - Sell 61,150,000 VND/tael (Previous day: 61,980,000; 7 days ago: 59,900,000; 30 days ago: 59,160,000). Gold 585 (14K) Buy 76,100,000 - Sell 86,000,000 VND/tael (Previous day: 87,170,000; 7 days ago: 84,240,000; 30 days ago: 83,190,000). Gold 610 (14.6K) Buy 79,770,000 - Sell 89,670,000 VND/tael (Previous day: 90,890,000; 7 days ago: 87,840,000; 30 days ago: 86,740,000). Gold 680 (16.3K) Buy 90,060,000 - Sell 99,960,000 VND/tael (Previous day: 101,320,000; 7 days ago: 97,920,000; 30 days ago: 96,700,000). Gold 750 (18K) Buy 100,350,000 - Sell 110,250,000 VND/tael (Previous day: 111,750,000; 7 days ago: 108,000,000; 30 days ago: 106,650,000).
Jewelry and refined gold categories carry notable premiums as well. Gold jewelry 99% Buy 139,330,000 - Sell 145,530,000 VND/tael (Previous day: 147,510,000; 7 days ago: 142,560,000; 30 days ago: 140,780,000). Gold jewelry 99.99% Buy 143,000,000 - Sell 147,000,000 VND/tael (Previous day: 149,000,000; 7 days ago: 144,000,000; 30 days ago: 142,200,000). PNJ 999.9 plain ring Buy 146,500,000 - Sell 149,500,000 VND/tael (Previous day: 151,000,000; 7 days ago: 146,000,000; 30 days ago: 143,800,000). SJC bullion Buy 147,000,000 - Sell 150,000,000 VND/tael (Previous day: 151,000,000; 7 days ago: 146,400,000; 30 days ago: 143,800,000).
Internationally, gold is quoted at 4111.4 USD per ounce, with the prior day at 4176.1, 7 days earlier at 4045.8, and 30 days ago at 4343.3 USD per ounce. The latest data highlights a backdrop of global price levels that have recently fluctuated, contributing to a mixed risk environment for gold investors. The domestic market appears to be pricing in these global moves, with local tael quotes maintaining elevated levels relative to many earlier periods, particularly for higher purity and bullion products.
Market news over the last 24 hours reinforces a narrative of near-term consolidation. Coverage from multiple outlets notes that domestic prices hovered around the 150 million VND per tael mark, with headlines describing a pause in aggressive selling and a shift toward price stability and accumulation. A common theme across sources is a cautious stance on gold exposure, with some analysts reiterating a target allocation around 5-15% for gold in portfolios as a prudent hedge in a volatile environment.
