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.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Giá vàng miếng, vàng nhẫn chiều 23/10 tại SJC, DOJI, PNJ, Bảo Tín Minh Châu,...
Keywords
goldXAUUSDinterest ratesinflation
Open a keyword to see other news on the same topic.
Related tickers and likely impact
XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 10/22/2026 | 4,024.59 |
| Change that session | -2.82% |
PAXG/USDT
• NeutralPAX Gold
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.8B |
| Close on 10/22/2026 | 4,036.10 |
| Change that session | -2.23% |
XAUT/USDT
• NeutralTether Gold
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.4B |
| Close on 10/22/2026 | 4,030.01 |
| Change that session | -2.29% |
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 10/23/2026 | 17.45 |
| Change that session | -6.18% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- World's Largest Gold Fund Dumps Over 10 Tonnes of Gold as Prices Slide
SPDR Gold Trust, the world's largest gold fund, continued net selling of nearly 12 tonnes of gold in the 22/10 session, bringing total sales over 2 sessions to nearly 15 tonnes and cutting its holdings to about 1,046 tonnes. Spot gold fell more than 2.8% to around USD 4,025 per ounce at the close of 22/10, and briefly dipped below USD 4,000 per ounce in the morning session of 23/10. Tensions in the Middle East pushed crude oil prices higher, raising concerns about inflation and further Fed tightening, and gold has still not attracted sustained safe-haven demand even as US Treasury yields fell. US September CPI rose 0.6% month on month and 3.7% year on year, while PPI rose 1.3% and 6.3%. Markets price about an 84% chance the Fed holds rates steady at its 27-28/10 meeting and a 16% chance of a 25 basis-point increase; September PCE data due on 29/10 is the next key factor to watch.
- Gold gains on softer dollar , but heads for weekly fall - The HinduBusinessLine
Spot gold rose 0.2% to $4,177.82 an ounce as the dollar weakened, but it was still down 0.5% on the week as investors weighed Fed rate signals. OANDA analyst Kelvin Wong said gold has been trapped in a range with its bottom at $4,075, and hotter-than-expected September core CPI and PPI data show inflation broadening. The dollar was heading for its first weekly fall in five weeks, while traders priced in an 89% chance of a December rate hike per CME's FedWatch Tool. Higher rates reduce gold's appeal, and several large Indian mutual funds suspended bulk subscriptions to gold ETFs ahead of the festive season. Silver, platinum and palladium also rose on the day but were all headed for weekly losses.
- Gold Lost $100 an Ounce in Hours After the Inflation Report
Spot gold lost nearly $100 an ounce intraday, falling below $4,100 after a September CPI report rose 0.6% in a month, hotter than expected, and lifted money-market odds of an October Fed rate hike from about 22% to about 42%. Late in US trading gold was at $4,098.80, down 1.47%, and SPDR Gold Shares (GLD) fell 1.49% to $375.99. Gold pays no yield, so higher Treasury yields (10-year at 5.251%, 2-year at 4.865%) and a 0.69% rise in the Dollar Index to 102.90, its strongest in about a year and a half, made bullion less attractive. Silver fell about 6% to $55.41, and iShares Silver Trust (SLV) dropped 6.11% to $50.22, a move the article attributes to silver’s industrial demand and thinner market. The article argues gold is currently trading more as a rate asset than as an inflation hedge.
- Gold Holds Loss as Hot Inflation Lifts October Rate-Hike Bets
Gold held its losses after a jump in U.S. inflation revived concerns that the Federal Reserve may need to raise rates further. Bullion traded near $4,105 an ounce after slumping 1.3% the previous day, while silver kept a 6% loss, as September CPI rose 0.6% month-on-month, the fastest pace since April, on elevated energy costs. Investors raised their bets on a Fed hike at the October 27–28 meeting to about 30%, with Treasury yields near multiyear highs and the dollar at its strongest in more than a year. Chicago Fed President Austan Goolsbee called the data “discouraging” and warned that AI infrastructure spending could overheat the economy. Spot gold was little changed at $4,102.60 in early Asian trading, and investors are awaiting final policy guidance from Fed Chair Kevin Warsh before the media blackout begins.
- Trading Education : Gold falls despite lower yields : A lesson in trading what the market gives you
- Afternoon of October 22: Gold ring price at one company suddenly drops sharply
On the afternoon of October 22, gold bar prices at SJC, PNJ, DOJI, Bảo Tín Mạnh Hải and Bảo Tín Minh Châu were unchanged from the morning, while Phú Quý cut 300,000 VND per tael on both buy and sell sides. Among 9999 gold rings, prices diverged: SJC lowered its buy price by 1.1 million VND per tael and its sell price by 600,000 VND, while DOJI raised both by 200,000 VND to 138.2–142.2 million VND per tael. Sell prices for gold rings across the surveyed brands ranged from 140.3 to 142.2 million VND per tael, a gap of 1.9 million VND. Internationally, gold traded around $4,100–4,130 per ounce, under pressure from prospects of further Fed rate hikes and supply uncertainty in the Strait of Hormuz.
Related markets
Latest news
- This hot AI-fueled stock has been in a rut. It just beat earnings expectations by 36%.
Bloom Energy, the fuel-cell maker that has grown on data-center demand, beat earnings expectations by 36% and revenue expectations by 15%. Such a beat would usually lift the stock after results, but that has not happened for Bloom Energy.
- Tesla (TSLA) Stock Could Be Above Fair Value After Merger Talks
Tesla shares have risen 82.0% over three years and trade at US$374.58. The article questions whether this valuation is supported by current sales or mainly by expectations tied to AI, robotics, Cybercabs and a possible merger with SpaceX. With Q3 revenue of US$28.05b, Tesla trades at about 14.3x price-to-sales, versus an auto industry average near 0.5x and a peer group around 1.1x. The Fair Ratio model still flags the 14.3x multiple as elevated, suggesting the share price embeds very high expectations.
- Better Memory Stock: Micron vs. Sandisk
Micron (MU) and Sandisk (SNDK) are two of only four S&P 500 stocks to have tripled or more so far in 2026, with Sandisk the far bigger gainer. Micron makes HBM, DRAM and NAND memory, while Sandisk focuses on NAND flash, and AI demand, including inference and agentic AI, is driving memory needs for both. Micron's market cap tops $1 trillion versus about $200 billion for Sandisk, and their latest quarterly revenue was $54.2 billion and $8.97 billion respectively. Forward earnings multiples are 7x for Micron and 8x for Sandisk, with 27 of 29 analysts rating Micron a buy and 15 of 17 rating Sandisk a buy, implying average price targets about 74% and 60% above current prices. The author judges Micron the better pick for its breadth across memory types and its potential in humanoid robotics, while noting risks for both.
- France is flashing euro crisis signals. This time, the fault lines are different
The euro has fallen almost 5% against the dollar since the start of the year, while France's 10-year bond yield rose above 5% for the first time since 2002. The spread over German 10-year bonds exceeded 170 basis points on Thursday for the first time since the early 2010s euro zone debt crisis, and the cost of insuring French debt against default is at its highest since then. The article attributes the pressure to France's high deficit-to-GDP ratio, a growing debt pile, a 2026 growth forecast cut to 0.5% and political instability. Analysts say there is no imminent liquidity risk for the French government, and contagion risk across the euro zone appears more limited than in the past thanks to reforms, although bond market trust has weakened.
- U.S. oil holds above $100, Brent at five-month high as Iran says it’s prepared for warfare
In early trade on Friday, Brent rose 0.7% to US$113.50 a barrel and WTI gained 0.8% to US$100.24. Brent was on track for a 3.3% weekly rise, its third straight weekly gain and its highest since early May. President Donald Trump accused Iran of lying about attacks on ships in the Strait of Hormuz and said Tehran was trying to push oil prices up before the U.S. midterm election. The Islamic Revolution Guards Corps said four vessels were struck and caught fire in the Persian Gulf and three others hit mines in Hormuz, while Iran's army chief said the military was ready for 'asymmetric warfare'. Reuters reported that Saudi Aramco told staff to evacuate its Dhahran headquarters and work remotely after Houthi strikes on Saudi airports and some Aramco offices, which caused multiple fatalities.
- Why Is Rigetti Computing Stock Falling?
Rigetti Computing (RGTI) stock fell 68.2% in the year to October 22, 2026, while the S&P 500 returned 15.7%, even though sales grew. The drop mainly reflects investors paying less per dollar of sales: the price-to-sales multiple fell from 1,292 times in late September 2025 to 286.5 times, still far above the S&P 500's 3.1 times. Revenue for the twelve months to June 2026 rose 68.5% to $13.4 million, but the operating loss widened to $97.2 million from $77.4 million. Diluted shares rose to 333 million from 298 million, while the company held $394 million in cash and short-term investments against $7.7 million of debt. The next report, expected in November 2026, will show the operating loss, which the article highlights as the figure to watch.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.