On October 21, gold bar and gold ring prices at some businesses fell by about 300–500 thousand VND per tael, with SJC and PNJ listing gold bars at 139.0–142.0 million VND per tael, the lowest in 2 months. On the morning of October 23, gold bars at SJC, PNJ, DOJI and Bảo Tín Mạnh Hải were commonly priced at 139.3–142.3 million VND per tael, while gold ring prices varied across brands, from 136.3–140.3 million VND at SJC to 138.2–142.2 million VND at DOJI. International spot gold fell sharply to near 4,000 USD per ounce. In an interview with Kitco News, Tim Pickering, Chairman and CIO of Auspice Capital Advisors, said that although he values gold and silver, he will not invest in them at present due to persistent inflation and high interest rates. He said gold is sensitive to interest rates and is not a cure-all for inflation, and that energy, industrial metals and agricultural products are direct inputs to the global economy.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Giá vàng miếng, vàng nhẫn sáng 23/10 đồng loạt giảm
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goldsilverinflationinterest rates
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Related tickers and likely impact
XAU/USD
▼ Likely negativeRelevance: low
| Market | Gold |
|---|---|
| Close on 10/22/2026 | 4,024.59 |
| Change that session | -2.82% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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