HCMC – SJC gold bar prices slipped under the VND150 million-per-tael mark on November 18, following sharp price cuts of up to VND1.2 million by major retailers at the start of the trading session.
At around 9:30 a.m. today, Saigon Jewelry Company (SJC) listed its buying price at VND147.8 million and selling price at VND149.8 million per tael, down VND1.2 million on both ends compared with yesterday’s close.
The buy-sell spread for SJC gold bars is still VND2 million.
Phu Quy Jewelry made the same adjustment, reducing its prices to VND146.8 million per tael for buying and VND149.8 million for selling. Bao Tin Minh Chau followed suit, posting VND148.3 million and VND149.8 million per tael after comparable cuts.
Asia Commercial Bank (ACB) also capped its buying and selling prices at VND147.8 million and VND149.8 million per tael.
With these adjustments, SJC gold has slipped below the VND150-million mark. Compared with the peak seen in late October, SJC gold bars are now down VND4.8 million per tael.
Gold rings also saw steep declines.
SJC quoted buying and selling prices at VND145.3 million and VND147.8 million per tael, respectively, down VND1.2 million.
Bao Tin Minh Chau made similar reductions, lowering its prices to VND146.8 million for buying and VND149.8 million per tael for selling.
Global gold prices retreated more than 1% on November 17, the Vietnam News Agency reported.
As of 3:13 a.m. on November 18 (Vietnam time), spot gold had slipped 1.5% to US$4,019.12 per ounce, while December 2025 futures settled 0.5% lower at US$4,074.5 per ounce.
