Vietnam gold falls to lowest level in over 13 months
SJC gold bars fell to ₫138 million per tael, while international spot prices edged higher after a sharp decline.
Gold bars sold by Saigon Gold Jewelry Company fell 0.72 per cent to ₫138 million per tael, taking Vietnam’s prices to their weakest level in more than 13 months despite a recovery in international bullion.
The SJC price was the lowest since Oct. 3, 2025, and has lost 9.7 per cent since the year began. It remained about ₫16 million per tael above the global price. Gold rings also declined by 0.72 per cent, reaching ₫137.8 million per tael. Each tael represents 37.5 grams, or 1.2 ounces.
International spot gold gained 0.2 per cent to US$3,883.05 an ounce after a 3 per cent fall in the preceding session, according to Reuters. The metal was down 4.4 per cent for the week, while December US gold futures were little changed at US$3,887.
Higher oil prices had raised inflation concerns and expectations of a longer period of elevated US interest rates. GAMA Asset Management SA global macro portfolio manager Rajeev De Mello told Bloomberg that the late New York sell-off tracked rising bond yields.
