Domestic gold prices rose from the previous session, with SJC and PNJ gold bars quoted at 137.6 - 140.6 million VND per tael (buy - sell), up 600,000 VND per tael on both sides. Despite higher prices, many people are still buying to accumulate, often in batches and in amounts that suit their finances rather than following the crowd. On Cầu Giấy street some shops still attract customers, while on Trần Nhân Tông street visitors are fewer and long queues have disappeared. Meanwhile, Ms. Đinh Thị Lan brought 3 taels of gold rings to sell because her family needs cash, though she worries prices could keep rising after she sells.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Giá vàng tăng, người dân vẫn tranh thủ mua tích lũy
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Related tickers and likely impact
XAU/USD
▲ Likely positiveRelevance: medium
| Market | Gold |
|---|---|
| Close on 11/02/2026 | 3,946.68 |
| Change that session | +1.84% |
PAXG/USDT
▲ Likely positivePAX Gold
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.7B |
| Close on 11/02/2026 | 3,952.77 |
| Change that session | +1.07% |
XAUT/USDT
▲ Likely positiveTether Gold
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.1B |
| Close on 11/02/2026 | 3,938.98 |
| Change that session | +1.16% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Households hold 500 tonnes of gold and 11.2 million billion VND in deposits, yet capital is not flowing into production
National Assembly deputy Lê Hoàng Anh (Gia Lai delegation) points to a paradox: capital is available but not flowing into production, with household deposits exceeding 11.2 million billion VND and residents holding about 500 tonnes of gold, roughly 12% of GDP, while corporate bonds total only about 11% of GDP. He argues that the lack of domestic capital channels means capital and decision-making power for many Vietnamese-founded tech firms sit overseas. He proposes lending based on e-invoice, tax and trade data instead of land as collateral, keeping owner capital in Vietnam, and channeling household savings to firms through voluntary pension funds and open-end funds. The 2027 budget estimate puts government borrowing at nearly 1.28 million billion VND, while land revenue has stalled. Deputy Trần Quốc Tuấn (Vĩnh Long delegation) called for flexible coordination of monetary and fiscal policy and separate monitoring of essential goods prices.
- Domestic gold prices rise another 1.2 million VND per tael
On the morning of 3 November, domestic SJC gold and gold ring prices both rose by 1.2 million VND per tael. At 9:20 a.m., SJC gold at Doji was quoted at 138.2 million VND per tael to buy and 141.2 million to sell, while Phu Quy listed SJC at 136.7-141.2 million. World gold hovered around $3,946 per ounce, up $34 from the same point in the previous session, which put the gap between SJC and world prices at roughly 17.7 million VND per tael. The State Bank set the central USD/VND rate at 25,630, down 1 dong from the previous session.
- Gold bar prices rise by more than 1 million VND
Domestic SJC gold bars were quoted at 138.2-141.2 million VND per tael on the morning of 3 November, up 1.2 million from the previous session and 2.2 million over two days. SJC gold rings rose 1.2 million to 134-138 million VND per tael, while PNJ and DOJI traded around 135.5-139.5 million. World spot gold closed 2 November up $71 at $3,945 per ounce, roughly equal to 126.5 million VND per tael, which narrowed the domestic gap to about 15 million VND per tael from 16-18 million a week earlier. The article linked the rebound to an 8% drop in crude oil early in the week, which eased inflation concerns, while investors awaited this week's US midterm elections. Silver bars fell 1.6% domestically, and the USD was about 1.5% lower at banks than at the start of the year.
- Gold Bar Prices Fall by More Than 2 Million VND
Following the drop in world gold prices, domestic brands cut bar gold prices by 2.4 million VND to 139 million VND per tael, with SJC quoting 136–139 million. Gold bars are down more than 27% from a peak near 191 million VND set earlier this year, and the last time they fell below 140 million was July 24. Spot gold fell $146 to $3,874 per ounce on October 30, its lowest since October 2025; converted, that is about 121 million VND per tael, while domestic bars trade roughly 18 million VND higher. The sell-off followed a US tech stock rout over concerns that AI spending may not deliver adequate returns; Commerzbank analysts said traders sold gold and other safe-haven assets to meet margin calls and expect metals to recover later. Domestic silver bars fell 2.5% to 1.60–1.65 million VND per tael.
- Gold bought since the start of the year has 'vanished' by over VND 50 million per tael
This morning (27/10), SJC gold bar prices were quoted at 138.5–141.5 million VND per tael (buy–sell), down 200,000 VND per tael from the previous morning. Since the start of the year, the SJC gold bar price has fallen by more than 50 million VND per tael, and brand-name gold rings have declined by a similar amount. Domestic silver bars are quoted at 45–47 million VND per kg, down 1 million VND from the previous morning and down 76 million VND from the start-of-year peak of 123 million VND per kg. World gold was at USD 4,009 per ounce, up USD 11, equivalent to about 125.9 million VND per tael.
- Domestic gold prices flat, SJC gold holds at VND141.7 million
On the morning of 26/10, domestic gold prices were flat compared with the previous session's close, while world gold prices fell below the USD 4,000/ounce mark, hovering around USD 3,995/ounce. SJC gold was quoted at VND 138.7 million per tael for buying and VND 141.7 million per tael for selling. Ring gold at Phú Quý and Bảo Tín Minh Châu was listed at VND 137.7-140.7 million per tael and VND 136.8-140.8 million per tael, respectively. The buy-sell spread was maintained at VND 3-4 million per tael. Converted at the Vietcombank exchange rate, world gold prices equated to about VND 125.2 million per tael, a gap of roughly VND 16.6 million per tael versus SJC gold. The central reference rate stood at VND 25,627/USD, unchanged from the end of last week (23/10). The Vietcombank and BIDV rates each rose by VND 10/USD, Vietinbank rose by VND 28/USD, and Eximbank was unchanged from the previous session.
Related markets
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