Vietnam gold bar prices fall VND 1 million per tael on November 12
On November 12, SJC and PNJ each cut their gold bar buying and selling prices by VND 1 million per tael, to VND 136 million–139 million per tael. International gold prices returned to around USD 4,000 per ounce on the evening of November 11 as markets watched US inflation data and the Federal Reserve’s December rate decision.
On November 12, SJC lowered both its gold bar buying and selling prices by VND 1 million per tael, to VND 136 million–139 million per tael. The company also cut its quotes for 9999 plain gold rings to VND 134.8 million–138.8 million per tael. PNJ likewise lowered its gold bar prices by VND 1 million per tael, to VND 136 million–139 million per tael; its plain gold rings were quoted at VND 133.7 million–137.9 million per tael.
Gold bar and 9999 plain gold ring prices in Vietnam on November 12.（VietVance）
Before markets opened on November 12, gold bar selling prices were generally VND 140 million per tael. Buying prices at companies including SJC, PNJ, DOJI and Bảo Tín Mạnh Hải were generally VND 137 million per tael, while Bảo Tín Minh Châu’s buying price was VND 135.5 million per tael. At the same time, selling prices for 9999 plain gold rings generally ranged from VND 138.5 million to VND 139.8 million per tael, while buying prices were around VND 134.7 million–135.8 million per tael.
International gold prices fell back to around USD 4,000 per ounce on the evening of November 11, Vietnam time. The US Consumer Price Index rose 0.4% month on month in October, above the 0.3% forecast; core inflation rose 0.3% month on month, also exceeding the 0.2% forecast. The US Bureau of Labor Statistics did not release October’s year-on-year inflation rate because it lacked comparative data following the US government shutdown in October 2025.
After the inflation figures were released, interest rate futures indicated an approximately 88% probability that the Federal Reserve would raise rates by 0.25 percentage points in December and a roughly 12% probability of a 0.5 percentage point increase. Fed Governor Christopher Waller said persistent core inflation could provide grounds for considering a larger rate adjustment. The yield on the 10-year US Treasury briefly exceeded 5% during Tuesday’s trading before falling back to around 4.98%; rising yields and expectations of tighter monetary policy limited a recovery in gold prices.
Source: VietVance
