SJC gold bar buy-sell price spread narrows in morning trading

In the morning session of April 14, the buy-sell spread for SJC gold bars commonly hovered around 3 million dong per tael, signaling that risk levels had eased after two consecutive declines from April 11 to 13. The trading price of SJC gold bars across market systems rose sharply in the morning of April 14, staying around 173 million dong per tael.

In the first hour after opening, SJC made two successive upward adjustments to the gold bar price. By the morning of April 14, the buy-sell spread for SJC gold bars at various units remained at about 3 million dong per tael. However, at SJC and Mi Hồng, the gap narrowed to 2.5 million dong per tael and 1.3 million dong per tael, respectively—down by 500,000 dong per tael and 700,000 dong per tael compared with April 13.

By 11:00, SJC quoted buy prices at 170.5 million dong per tael and sell prices at 173 million dong per tael. Compared with the closing prices on April 13, SJC’s buy and sell prices increased by 2 million dong per tael and 1.5 million dong per tael, respectively.

Gold bar prices across brands

The 170–173 million dong per tael range was listed concurrently by DOJI, PNJ, Bảo Tín Minh Châu, Bảo Tín Mạnh Hải, Phú Quý, and Ngọc Thẩm, with both buy and sell sides up by 1.5 million dong per tael.

In the southern region, after three gains and one decline in the first three hours of trading, Mi Hồng’s SJC gold bar prices rose by 1.9 million dong per tael for buying and by 1.2 million dong per tael for selling. By 11:00, Mi Hồng quoted trading prices of 171.2 million – 172.5 million dong per tael (buy – sell).

“4-number-9” gold rings: prices and adjustments

Prices for “4-number-9” gold rings at major networks also increased, with fluctuations of about 1.2 million to 2 million dong per tael per side. Only one company kept its ring buy and sell prices unchanged from the April 13 closing.

Selected brand quotes (morning session)

• DOJI: 9999 Round Gold Rings (Hung Thinh Vuong) quoted at 170 million – 173 million dong per tael. Compared with April 13, the buy price rose by 1.5 million dong per tael on each side.
• PNJ: plain 9999 rings increased by 1.5 million dong per tael on both buy and sell sides, quoted at 169.7 million – 172.7 million dong per tael.
• Bảo Tín Minh Châu: plain round gold rings rose by 1.2 million dong per tael on both sides, quoted at 169.7 million – 172.7 million dong per tael.
• Phú Quý: opened at 169.7 million – 172.7 million dong per tael and remained stable through the morning session.
• Bảo Tín Mạnh Hải (Kim Gia Bảo): Kim Gia Bảo 9999 round rings rose by 1.4 million dong per tael on both sides; by 11:00, quoted at 169.7 million – 172.7 million dong per tael.

Data points: spreads and percentage moves

Across brands, the increase in gold ring prices ranged from 0.7% to 0.88%, depending on the brand—about double the 0.42% increase in world prices. For PNJ, the buy-sell price for 9999 rings rose by 1.5 million dong per tael per side, with the morning session quoting at 169.7 million – 172.7 million dong per tael (buy – sell). Bảo Tín Minh Châu’s morning price for plain round rings rose by 1.2 million dong per tael on both sides to 169.7 million – 172.7 million dong per tael, while Phú Quý held steady at 169.7 million – 172.7 million dong per tael. Kim Gia Bảo 9999 rings at Bảo Tín Mạnh Hải rose by 1.4 million dong per tael on both sides, quoted at 169.7 million – 172.7 million dong per tael by 11:00.

World market and domestic gap

In the world market, as of 11:00 on April 14, the spot gold price rose by more than 0.4% from the previous day to about 4,768.7 USD/oz. Using Vietcombank’s rate (including taxes and fees), the spread between domestic gold bar prices and world prices was roughly 19.9 million dong per tael. For the buy-sell spread of “4-number-9” rings, the gap ranged from about 7.9 million to 19.9 million dong per tael depending on the brand.

Impact and market assessment

Gold bars (SJC) and gold rings both tracked a two-session decline in the local market, while domestic prices continued to edge lower earlier in a cautious environment. By the end of the morning session on April 14, buy-sell prices for gold bars typically rose by about 1.5 million dong per tael, equivalent to a 0.88% increase versus the April 13 close. For “4-number-9” rings, the range increased by 0.7%–0.88% depending on the brand, with the rise roughly double the 0.42% increase in world prices.

Source: VnEconomy compilation and calculations.