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On the morning of May 1, SJC gold bars were quoted by producers including SJC, Mi Hồng, and DOJI at around 163 million VND per tael for buying and 166 million VND per tael for selling, unchanged from the previous day as the market remained in a holiday period. Prices for 99.99% gold bars and jewelry were also steady at about 162.5 million VND per tael for buying and 165.5 million VND per tael for selling.
In the free market, gold prices saw limited movement. Some shops raised the buy price to 164 million VND per tael and the sell price to 166 million VND per tael, aligning with the pricing of major brands.
Domestic gold prices have continued to decline, dropping nearly 11 million VND per tael in April and now about 24–25 million VND per tael below the peak recorded in Q1 2026. The downward trend has left many recent buyers at a loss; even those who purchased at around 168 million VND per tael in late April are now significantly in the red.
On the international market, gold traded at around 4,630 USD per ounce at 9:30 a.m. Vietnam time, up about 100 USD per ounce from the prior session. The increase was attributed to a retreat in the USD index (DXY), with the USD falling toward 98.1, down about 1% from the previous session. A weaker dollar tends to make gold more attractive to investors holding other currencies, supporting higher demand.
At the listed exchange rate, the world gold price is about 147.3 million VND per tael, which is lower than the domestic price by roughly 18.7 million VND per tael. The spread has narrowed compared with a few days earlier.
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