Gold bar and gold ring prices fell across the board on the morning of 23/10, with gold bars commonly quoted at 139.3–142.3 million VND per tael at SJC, PNJ, DOJI and Bảo Tín Mạnh Hải, and Bảo Tín Minh Châu's buying price at 138.1 million VND. On the afternoon of 21/10, some companies cut gold bar and ring prices by about 300–500 thousand VND per tael, bringing them to their lowest level in 2 months. International spot gold fell sharply to near USD 4,000 per ounce. In an interview with Kitco News, Tim Pickering, Chairman and CIO of Auspice Capital Advisors, said he rates gold and silver highly but will not invest in them at present due to persistent inflation and high interest rates, and views gold as only one tool for diversification. He noted gold also struggled in 2020–2022, when U.S. inflation peaked at 9%, its highest in 40 years.
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 tại SJC, PNJ, DOJI, Bảo Tín Minh Châu
Keywords
goldVietnaminflationinterest rates
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Related tickers and likely impact
PNJ
• NeutralPhu Nhuan Jewelry
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Retail |
| Industry | Specialty Retailers |
| Market cap | 9,518 bn VND |
| P/E | 3.9 |
| P/B | 0.71 |
| Close on 10/22/2026 | 18.60 |
| Change that session | -3.12% |
XAU/USD
• NeutralRelevance: 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.
Related news
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Brands are selling gold bars around 141.7 million VND per tael, the lowest in over two months. On the morning of 24/10, SJC listed gold bars at 138.7 - 142.7 million VND, down 300,000 VND from the previous session's close and down 1.4 million VND since the start of the week, the lowest since 4/8. SJC ring gold traded around 135 - 139 million VND. Domestic prices followed the world market: on 23/10 spot gold fell 28 USD to 3,994 USD per ounce, the lowest since mid-July; at Vietcombank's USD selling rate, that equals roughly 125.5 million VND per tael, leaving domestic gold bars about 16 million VND higher. The article links the decline to rising oil prices, inflation worries and expectations of high US interest rates for longer, and says margin calls after a US tech stock sell-off forced investors to sell gold and silver to meet payments.
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- Gold bar and ring gold prices on the afternoon of Oct 23 at SJC, DOJI, PNJ, Bảo Tín Minh Châu,...
Gold bar and ring gold prices fell by 300 to 500 thousand VND per tael at several firms, including SJC, PNJ, DOJI and Bảo Tín Minh Châu, reaching their lowest levels in two months. Specifically, SJC gold bars dropped 300 thousand VND to 139.0 to 142.0 million VND per tael, while international spot gold fell sharply to near 4,000 USD per ounce. Tim Pickering, Chairman and CIO of Auspice Capital Advisors, said that although he values gold and silver, he will not invest in the two metals at present, citing persistent inflation and high interest rates. He noted that gold's weakness as an inflation hedge is its sensitivity to interest rates, while a fund manager suggested diversifying into a range of commodities rather than focusing only on gold.
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