Domestic gold prices fell across major Vietnamese brands in the 9:15am update on October 17, with ring gold down 200,000–400,000 VND per tael and SJC bar gold down 300,000–400,000 VND per tael on the buy side. SJC quoted ring gold at 140.1–143.1 million VND per tael and SJC bars at 140.6–143.6 million VND. Internationally, spot gold closed the week at $4,164 per ounce, down 0.12%, as investors awaited Federal Reserve policy signals after higher-than-expected inflation data. Markets priced about a 90% chance of a Fed rate hike in December, and one analyst expects gold to edge lower for the rest of the year.
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Original headline: Giá vàng nhẫn trơn, vàng miếng sáng 17/10 tại SJC, PNJ, DOJI, Bảo Tín Minh Châu và Bảo Tín Mạnh Hải đồng loạt giảm
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At the midday update on 19/10, domestic gold prices fell across the board by 500–800 thousand VND per tael. Early on 19/10, gold bars at SJC, PNJ, DOJI and Bao Tin Manh Hai were quoted at 140.6–143.6 million VND per tael, while Bao Tin Minh Chau was at 138.6–143.6 million. From 16/10, gold businesses must use non-cash payment for buy and sell transactions of 5 million VND or more per day under Decree 390/2026/NĐ-CP. Internationally, gold traded around 4,160–4,180 USD per ounce as investors watched U.S. economic data and the Fed's rate outlook, and the market still leans toward the Fed holding rates at its October 27–28 meeting. S&P Global's preliminary October composite PMI is being watched as a signal of inflation pressure.
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