News about gold rings

Domestic gold prices rebounded on the morning of October 20 after a sharp early-morning drop, with bar gold at SJC, PNJ, DOJI and Bảo Tín Minh Châu rising 600,000 VND per lượng to 139.6–142.6 million VND per lượng, still 500,000 VND below early-morning levels. For 9999 gold rings, PNJ rose 500,000 VND to 138.5–141.5 million, while SJC held at 138.2–141.2 million, DOJI at 138.5–142.5 million and Bảo Tín Minh Châu at 138–142 million. Earlier, at 9 a.m., major brands had cut prices by about 1.1–1.4 million VND per lượng. Internationally, spot gold rose to $4,180 an ounce before slipping back to $4,132, after falling on Monday as the dollar strengthened and U.S. bond yields rose. A tech-stock rebound has reduced some safe-haven demand, while uncertainty around the Strait of Hormuz has limited selling pressure.

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.