Gold Price Today in Vietnam (September 13): Domestic Gold Prices Hold Near VND 143 Million per Tael After Strong USD Performance & Treasury Yields – Check Details

Gold Price Today in Vietnam (September 11): This morning, the prices of domestic gold in Vietnam rebounded once again after a sharp fall. Bullion prices have remained volatile, owing to geopolitical volatility and fluctuations in demand. Overall market sentiment remains bullish.

Gold Price Today in Vietnam: Domestic Rates 

On Sunday, September 13, gold prices in Vietnam bounced back following the steep drop earlier that week, with selling prices climbing back to roughly VND 146 million per tael. This recovery occurred as investors purchased gold after the recent losses, while global gold prices remained above $4,300 an ounce. Nevertheless, the prospect of a Federal Reserve rate hike continues to pressure the precious metal, as high Treasury yields and inflation worries cap further gains.

Gold Price Today in Vietnam: Karat-Wise Gold Prices

Gold Price Today in Vietnam: MCX Performance

Gold prices stayed under pressure on September 13, following a turbulent week, as global gold closed the week at roughly $4,347.70 per ounce, a drop of more than $81 compared with the prior week. The drop came after stronger U.S. inflation figures, which strengthened the view that the Federal Reserve might raise interest rates at its next meeting. 

Expectations of higher rates, combined with shifts in the U.S. dollar and Treasury yields, have pressured gold, which pays no yield. Still, buying on dips and persistent bullish sentiment have lent some support to prices.

Gold Price Today in Vietnam: Prices for Major Brands

• SJC: VND 143,000,000/tael
• PNJ: VND 143,000,000/tael
• DOJI: VND 143,000,000/tael
• Phú Quý: VND 143,000,000/tael
• Bảo Tín Mạnh Hải: VND 143,000,000/tael
• Bảo Tín Minh Châu: VND 142,900,000/tael
• Mi Hồng: VND 144,300,000/tael

Gold Prices Today in Vietnam: Key Considerations for Buyers

• 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. 

• 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.

• 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.

• Check purity and hallmarking: For jewellery purchases, verify the BIS hallmark and HUID code, along with the stated purity and weight, before paying 

• 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.

• 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.