Gold Price Today in Vietnam: Domestic gold prices in Vietnam fell sharply on September 3 after the National Day holiday, with prices falling VND 1.3 Million Per Tael. The domestic decline was seen across major gold sellers in the country.
Gold Prices Today in Vietnam: Domestic Gold Prices
Domestic gold prices declined on Thursday following the holiday period. The drop was driven by gold bars, with prices decreasing by VND 1.3 million per tael after the rally in the previous session.
This move also creates a significant difference between purchase and sale prices. At certain brands, the gap has widened to several million dong per tael, which means that investors who purchased gold during the recent peaks might incur considerable losses if they sell it right away.
Gold Prices Today in Vietnam: Karat-wise Gold Performance
| Purity | Per gram | Per 10g |
| 24K | VND 3,623,481 | VND 36,234,810 |
| 22K | VND 3,321,524 | VND 33,215,240 |
| 18K | VND 2,717,611 | VND 27,176,110 |
Gold Prices Today in Vietnam: MCX Performance
Gold prices in Vietnam dipped today, with domestic gold dropping by as much as VND 1.3 million per tael following the National Day holiday. The fall occurred even as international gold prices climbed back above $4,400 per ounce.
Global gold prices have been boosted by a softer US dollar and easing Treasury yields, while investors await the latest US employment figures for hints about the Federal Reserve’s September interest-rate decision. Yet, higher oil prices and ongoing tensions surrounding the US-Iran conflict continue to fuel inflation worries, which could maintain pressure on gold if they prompt expectations of tighter monetary policy.
Gold Prices Today in Vietnam: Prices for Major Brands
|
Brands |
Current Price |
|
SJC |
144.4 |
|
DOJI Hanoi |
144.4 |
|
DOJI Ho Chi Minh City |
144.4 |
|
BTMH |
145.2 |
|
BTMC VRTL |
145.9 |
|
BTMC SJC |
145.9 |
|
Phu Quy SJC |
144.4 |
|
PNJ Ho Chi Minh City |
144.0 |
|
PNJ Hanoi |
144 |
Gold Prices Today in Vietnam: Key Considerations for Buyers
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Compare rates before buying: Gold prices can vary across cities and jewellers, so buyers should check the prevailing 24K, 22K and 18K rates before making a purchase.
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MCX and retail prices are different: The MCX price is a futures-market benchmark, while the price quoted by a jeweller can include taxes, premiums and other charges.
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Check the final jewellery bill: Buyers should look beyond the headline gold rate and account for GST, making charges, wastage charges and other applicable costs.
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Check purity and hallmarking: For jewellery purchases, verify the BIS hallmark and HUID code, along with the stated purity and weight, before paying
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Avoid rushing into a large purchase: With gold experiencing significant day-to-day swings, buyers who are not purchasing for an immediate occasion may consider staggering purchases rather than committing the entire amount at one price.
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Festival demand can affect local markets: Buyers approaching major festivals and wedding periods should compare quotes from multiple jewellers, as local premiums and making charges can differ even when the underlying gold rate is similar.
Disclaimer: Gold prices are indicative and may vary by city, jeweller and time of purchase. The quoted rates may exclude GST, making charges, wastage and other applicable costs. Buyers should verify the final price with the jeweller before purchasing.
