HCMC – Domestic gold prices fell by VND1.5 million per tael on October 30 after a short-lived rebound, while the exchange rate and global gold prices remained stable.
Saigon Jewelry Company (SJC) and Doji listed their gold bar prices at VND144.6 million for buying and VND146.6 million for selling, down VND1.5 million per tael from the previous day. Phu Quy Jewelry followed suit, quoting prices at VND144 million for buying and VND146.6 million for selling.
Gold ring prices also declined. Phu Quy cut its ring gold prices by VND1.5 million per tael to VND143.6 million for buying and VND146.6 million for selling. At Bao Tin Minh Chau, ring gold dropped by VND700,000 per tael to VND145.8 million for buying and VND148.8 million for selling, remaining higher than SJC gold.
The buy-sell spread this morning stood at around VND2–2.6 million per tael for SJC gold and VND3 million for ring gold.
In the global market, gold recovered slightly after consecutive declines, trading at around US$3,940 per ounce, equivalent to roughly VND125 million per tael based on Vietcombank’s exchange rate. Domestic SJC gold prices therefore stayed about VND21.6 million per tael higher than global levels.
The State Bank of Vietnam today kept the central exchange rate unchanged at VND25,091 per U.S. dollar. Commercial banks also reported stable rates within the 5% trading band, with Vietcombank listing the greenback at VND26,075–26,345 (buy/sell), VietinBank at VND26,121–26,345, BIDV at VND26,105–26,345, and Eximbank at VND26,110–26,345 per dollar.
