Vietnam gold bar selling price falls to VND 137.5 million per tael on November 14

Store quotes at 11:30 a.m. on November 14 showed that all surveyed dealers had cut their SJC gold bar selling prices by VND 500,000 from November 13, to VND 137.5 million per tael. Saigon Jewelry Company (Công ty Vàng bạc Đá quý Sài Gòn, SJC), DOJI and Phú Quý Group (Tập đoàn Phú Quý) also cut their buying prices by VND 500,000, to VND 134.5 million per tael.

Other dealers likewise sold gold bars for VND 137.5 million per tael, but their buying prices differed: Bảo Tín Minh Châu quoted VND 133.8 million, down VND 200,000 from November 13; Mi Hồng quoted VND 136 million, down VND 500,000 from November 13 and the highest among the surveyed dealers.

Most gold ring prices fell. SJC's buying and selling prices were VND 133.3 million and VND 137.3 million per tael, respectively, both down VND 500,000 from November 13. PNJ's selling price fell to VND 136.9 million per tael, the lowest among the surveyed dealers. DOJI's gold ring prices were unchanged, while Bảo Tín Minh Châu cut both its buying and selling prices by VND 200,000.

File photo of gold jewelry.（VietVance）

For 24K gold jewelry, SJC cut both its buying and selling prices by VND 500,000, with the selling price at VND 136.3 million per tael. DOJI's prices in Hanoi and Ho Chi Minh City were unchanged, with a selling price of VND 136 million per tael. Prices for 18K gold jewelry moved in different directions: SJC and PNJ lowered their quotes, while Mi Hồng raised both its buying and selling prices by VND 500,000, to VND 91 million and VND 94 million per tael, respectively.

On the international market, spot gold was priced at USD 3,883.40 per ounce at 1:40 p.m., up 0.18%; gold for December delivery was priced at USD 3,884.77 per ounce. Using Vietcombank's exchange rate of VND 25,910 per USD, the original article calculated the international gold price at about VND 121.2 million per tael, VND 16.3 million below the domestic gold bar selling price.

Source: VietVance