SJC gold price and plain gold ring prices this morning, April 13, 2026

At the opening of trading on April 13, spot gold prices on the international market fell sharply. In Vietnam, SJC gold prices were commonly quoted at around 169.4–172.4 million VND per tael. For gold jewelry, DOJI and Bao Tin Minh Hai quoted 169.4–172.4 million VND per tael, while at SJC jewelry was priced at 169.1–172.1 million VND per tael. PNJ and Bao Tin Minh Chau listed jewelry at 169.2–172.2 million VND per tael.

International market: gold drops at the start of trading

On the international market, gold declined as much as 90 USD per ounce in early trading, falling to around 4,650 USD per ounce.

Oil and regional developments

Oil prices rose after the US Navy prepared to impose a blockade on Iran’s ports following failed peace talks. Brent crude for June delivery was up 7.5% to $102 per barrel.

Survey and sentiment: mixed outlook

In Kitco News’ gold-price survey, 14 analysts split their views: seven analysts (50%) expect gold to rise this week, two (14%) forecast a decline, and the remaining five (36%) see near-term risks as balanced.

In Kitco’s online poll, 51 votes indicated improving retail sentiment as tensions cooled. Among respondents, 32 retail traders (63%) expect higher gold prices this week, 10 (20%) expect a decline, and 9 (18%) anticipate a range-bound market.

Market commentary: demand supported by ceasefire

“Demand is winning with higher daily lows, supported by the temporary ceasefire,” said Tai Wong, a metals trader. The ceasefire has extended two days, halting US and Israeli air campaigns against Iran, but it has not yet loosened the Hormuz Strait blockade or resolved the broader conflict between Israel and Iran’s Hezbollah allies in Lebanon.

Rates, the dollar, and inflation data

As tensions in the Middle East ease, expectations for rate cuts have risen and the dollar has come under pressure, supporting gold, according to David Meger, director of metals trading at High Ridge Futures. The US dollar was on track to fall for the week, making gold priced in USD cheaper for holders of other currencies.

Data also showed US consumer prices rose the most in nearly four years in March. The Middle East conflict has pushed oil higher, while tariff effects persisted. Persistent high inflation limits central banks’ ability to cut rates. While gold is often viewed as a hedge against inflation and geopolitical risk, its appeal has weakened in a high-rate environment due to the lack of yield.