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Gold bar and ring prices on the morning of Oct 20: Sharp declines across the board

Domestic gold prices fell sharply on the morning of October 20 across major brands. At 8:30 a.m., SJC listed gold bars at 139–142 million VND per tael (buy–sell), down 1.1 million; by 9:40 a.m. SJC bar prices had rebounded but were still down 1 million from the previous morning. Gold ring prices also dropped at SJC, DOJI, PNJ and Bảo Tín Minh Châu, by between 600,000 and 1.1 million VND per tael. Globally, spot gold slipped 0.13% to $4,136 per ounce at 7 a.m. Vietnam time before edging up to $4,141 by 10 a.m., according to Kitco. Metals Focus's Matthew Piggott said institutional and central bank buying continues to support prices above $4,000 per ounce, while the firm forecasts an average of $5,330 per ounce in 2027.

Summary written by Upside AI from the original article. Read the source for full details.

Original headline: Giá vàng miếng, vàng nhẫn sáng 20/10: Đồng loạt giảm sâu

Read the original on CafeF ↗

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Related tickers and likely impact

XAU/USD

▼ Likely negative

Relevance: medium

MarketGold
Close on 10/19/20264,140.75
Change that session-0.60%
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PAXG/USDT

▼ Likely negative

PAX Gold

Relevance: low

MarketCrypto
ExchangeBinance
SectorReal-world assets
Market cap$1.8B
Close on 10/19/20264,133.66
Change that session-1.08%
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PNJ

• Neutral

Phu Nhuan Jewelry

Relevance: low

MarketVietnam stocks
ExchangeHOSE
SectorRetail
IndustrySpecialty Retailers
Market cap9,467 bn VND
P/E3.9
P/B0.70
Close on 10/19/202618.50
Change that session-1.60%
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XAUT/USDT

▼ Likely negative

Tether Gold

Relevance: low

MarketCrypto
ExchangeBinance
SectorReal-world assets
Market cap$3.4B
Close on 10/19/20264,134.00
Change that session-1.05%
XAUT/USDT price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

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