•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
The spread between domestic gold prices and world prices remained at its lowest level since the end of January 2026. On May 11, SJC bullion prices were fixed at 162.2 million–165.2 million VND per tael, down 2.3 million VND per tael on both the buy and sell sides, marking the largest one-day decline in a month.
Despite the May 11 decline, bullion dealers lifted SJC quotes immediately after the market opened on the morning of May 12. As of 11:00 on May 12, SJC buy price was 163.5 million VND per tael and the sell price was 166.5 million VND per tael, up 1.3 million VND per tael from the May 11 close. The trading range of 163.5–166.5 million VND per tael was also listed by DOJI, PNJ and Phú Quý, with all three brands increasing by 1.3 million VND per tael on both buying and selling.
During the morning session, the lowest SJC selling price was quoted by Mi Hồng at 165.5 million VND per tael. Bao Tin Minh Chau and Bao Tin Mạnh Hải posted the highest asking prices at 167 million VND per tael. The difference between the highest and lowest listed selling prices was 1.5 million VND per tael.
At market open, Bao Tin Minh Chau and Bao Tin Mạnh Hải quoted buy/sell prices for SJC bullion at 164–167 million VND per tael. Prices were steady through the morning session, up 1.8 million VND per tael on both sides.
In Ho Chi Minh City, SJC bullion sell prices were lower than northern regions by 500 thousand to 1.5 million VND per tael on each side.
With one rise and four declines on both sides, Mi Hồng’s SJC trading range was 164–165.5 million VND per tael as of 11:00, up 0.7–0.5 million VND per tael from earlier levels. In the morning, Ngọc Thẩm raised buy/sell prices to 163–166 million VND per tael, and by 11:00 trades were at 163–166 million VND per tael.
On the world market, as of 11:00 on May 12, spot gold fell 0.2% to around $1,726 per ounce. Domestic gold price movements moved in the opposite direction to world gold prices.
According to Vietcombank’s rate (including taxes and fees), the spread between bullion price and world price commonly stood at about 14.66 million VND per tael. For “4 digits 9” gold rings, the spread ranged from about 5.66 million to 15.16 million VND per tael, depending on brand.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
