As of 1:45 p.m. on October 16, domestic gold prices were stable at most brands; Bao Tin Minh Chau alone raised gold ring prices by VND 400,000 per tael on both buy and sell sides and lifted its SJC gold bar buying price to VND 138.6 million per tael. SJC and PNJ listed gold rings at VND 139.8 - 142.8 million per tael, while SJC gold bars were quoted at VND 140.3 - 143.3 million per tael at most brands. International spot gold traded near $4,186 per ounce, up 0.38% after a 1.6% gain on October 15, driven by a weaker dollar and lower U.S. Treasury yields. U.S. producer prices in September rose at their fastest pace in four and a half years, following a hotter-than-expected CPI, yet FedWatch data put the odds of a Fed rate hike at end-October at only about 29%.
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Original headline: Giá vàng nhẫn trơn, vàng miếng chiều 16/10 tại SJC, PNJ, DOJI, Bảo Tín Minh Châu và Bảo Tín Mạnh Hải
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- Plain gold ring and gold bar prices on the afternoon of October 18 at SJC, PNJ, DOJI, Bảo Tín Minh Châu and Bảo Tín Mạnh Hải
Domestic gold prices at 17:00 on October 18 were mostly flat across brands, except Bảo Tín Minh Châu, which rose 200,000 VND per lượng in both buy and sell prices. SJC and PNJ quoted gold rings at 140.1–143.1 million VND per lượng, while SJC gold bars sold at about 143.6 million VND per lượng, and most brands were down 1.2 million VND from the previous week. Spot gold closed the week at US$4,164 per ounce, down 0.7%. A Kitco News survey of 12 experts found 33% expected a rise, 17% a fall and 50% no clear trend, while 139 individual investors split 45% for a fall and 43% for a rise.
- Gold ring and gold bar prices rise across the board on the evening of 16 October at SJC, PNJ, DOJI, Bao Tin Minh Chau and Bao Tin Manh Hai
Domestic gold prices closed the 16 October session higher at all surveyed brands: gold rings rose 500,000-600,000 VND per lượng and SJC gold bars rose 600,000 VND per lượng on both buy and sell sides. SJC gold bars were quoted at 140.9-143.9 million VND per lượng at several brands, and SJC gold rings at 140.4-143.4 million VND. Internationally, spot gold traded around $4,155 an ounce, down 0.35% from the prior close, after rising 1.6% on 15 October on a weaker US dollar and lower US Treasury yields. A 13:45 update showed domestic prices mostly stable, though Bao Tin Minh Chau raised its gold ring prices on both sides by 400,000 VND per lượng.
- Gold ring and bar prices on the evening of October 15 at SJC, PNJ, DOJI, Bao Tin Minh Chau and Bao Tin Manh Hai
Domestic gold prices closed the October 15 session largely unchanged at most brands, including SJC, PNJ, DOJI and Bao Tin Manh Hai. Bao Tin Minh Chau cut its buy and sell prices for gold rings by 600,000 VND per tael and lowered its SJC gold bar buy price to 138.2 million VND per tael, while its sell price held at 143.3 million VND. SJC and PNJ listed gold rings at 139.8–142.8 million VND per tael and SJC gold bars at 140.3–143.3 million VND per tael. Internationally, spot gold rose 1.2% to around 4,154 USD per ounce after falling 1.35% in the previous session. Intraday updates at 9:30 and 13:45 showed Bao Tin Minh Chau lowering prices further, while most other brands stayed flat.
- Gold Ring and Gold Bar Prices on the Evening of 13/10 at SJC, PNJ, DOJI, Bảo Tín Minh Châu and Bảo Tín Mạnh Hải
Domestic gold prices at the close on 13/10 were largely unchanged from the previous session, except Bảo Tín Minh Châu, which cut its SJC bar selling price sharply to 143.3 million VND per tael. Gold rings across the surveyed brands ranged from 139.3 to 143.8 million VND per tael, and SJC bars from 139.3 to 144.3 million. In the 14:20 update, SJC and PNJ gold rings rose 800,000 VND per tael from the morning, while spot gold was quoted around 4,190 USD per ounce, up 0.45% from the previous close. The article notes gold had fallen 0.55% in the 12/10 session, pressured by a stronger US dollar and higher oil prices.
- Gold ring and bar prices fall across the board in the afternoon session on October 17 at SJC, PNJ, DOJI, Bao Tin Minh Chau and Bao Tin Manh Hai
In the afternoon session on October 17, domestic gold prices kept falling from the previous session across the surveyed brands: gold rings dropped 200,000-400,000 VND per tael on both buy and sell sides, while SJC gold bars fell 300,000-400,000 VND per tael on the buy side and 300,000 VND on the sell side. SJC quoted gold rings at 140.1-143.1 million VND per tael and gold bars at 140.6-143.6 million. Internationally, spot gold closed the week at $4,164 an ounce, down 0.12%, as investors weighed the Federal Reserve's rate outlook after a series of higher-than-expected inflation readings. TD Securities' Bart Melek said gold is trading in a narrow range near the low end of its support, reflecting uncertainty over the Fed's next steps.
- Gold ring and gold bar prices on the afternoon of October 15 at SJC, PNJ, DOJI, Bảo Tín Minh Châu and Bảo Tín Mạnh Hải
As of 13:45 on October 15, domestic gold prices were little changed at most brands, while Bảo Tín Minh Châu continued to cut prices for gold rings and the buying price for SJC gold bars. SJC and PNJ both listed gold rings at 139.8–142.8 million VND per lượng and SJC bars at 140.3–143.3 million VND, while DOJI bought rings at 139 million and sold at 143 million VND. Bảo Tín Minh Châu quoted rings at 138.4–142.4 million VND, and Bảo Tín Mạnh Hải held rings at 139–143 million VND. Internationally, spot gold traded around 4,135 USD per ounce, up 0.75% after falling 1.35% in the October 14 session.
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