SJC gold bars and plain rings fall in price in early trading on April 13, 2026

At the start of trading, the global price of gold plummeted sharply. At many shops, SJC bullion prices fell by about 900,000 VND per tael, with SJC bullion now quoted at 168.5–171.5 million VND per tael. The plain gold rings also fell by a similar amount to 168.2–171.2 million VND per tael. At PNJ, bullion prices dropped to 168.5–171.5 million VND per tael, while plain rings were listed at 168.2–171.2 million VND per tael. The world gold price at that moment stood around 4,715 USD per ounce, recovering after dipping to about 4,650 USD per ounce earlier in the morning. At the start of the morning session, SJC gold bars traded around 169.4–172.4 million VND per tael. For plain rings, DOJI and Bao Tín Minh Châu quoted 169.4–172.4 million VND per tael, while SJC priced them at 169.1–172.1 million VND per tael. PNJ and Bao Tín Minh Châu applied 169.2–172.2 million VND per tael. On the international market, gold fell sharply at the start of the session, down by about 90 USD per ounce to around 4,650 USD per ounce. In other markets, international crude prices rose as the US Navy prepared to blockade Iranian ports after peace talks failed, with Brent crude for June up 7.5% to $102 per barrel. Last week, world gold prices rose nearly 1.6% and extended three consecutive weeks of gains as the US dollar weakened following a ceasefire between the US and Iran, although traders remained skeptical about the durability of the ceasefire and its impact on rate trends. According to a Kitco News survey of 14 analysts, half of the Wall Street analysts forecast higher gold prices amid the ceasefire, while the remainder held a neutral view. Specifically, 7 analysts (50%) expected prices to rise, 2 (14%) forecast a decline, and the remaining 5 (36%) saw the near-term risk as balanced. Separately, Kitco’s online poll attracted 51 votes, with 63% of retail traders expecting gold to rise this week, 20% predicting a drop, and 18% expecting prices to move sideways. “Demand is winning with higher daily lows, supported by the temporary ceasefire. A provocative move near the 5,000 level could trigger a renewed rally if prices break through,” said Tai Wong, an independent metal trader. The two-day ceasefire paused US and Israel airstrikes on Iran but did not loosen the Hormuz Strait blockade or end the parallel conflict with Iran-backed Hezbollah in Lebanon. “As tensions in the Middle East ease, expectations for rate cuts have increased, and the dollar has come under pressure,” said David Meger, director of metals trading at High Ridge Futures, supporting gold. The US dollar has been weakening this week, making gold priced in dollars cheaper for holders of other currencies. Data show US consumer prices rose the most in nearly four years in March, driven by higher oil prices and ongoing tariff effects. Persistent high inflation limits central banks’ room to cut rates. While gold is viewed as a hedge against inflation and geopolitical risk, its appeal wanes in a high-rate environment where yields are not present. — Thanh Anh