Vietnam gold prices fall: SJC buyers face losses of VND 6 million to 7.7 million per tael in a week
At the November 13 close, SJC gold bars had a buyback price of VND 135 million per tael. At that price, buyers who purchased on November 7 and 9 faced potential losses of about VND 6 million and VND 7 million per tael, respectively. Buyers of SJC gold rings earlier in the week faced potential losses of about VND 7.7 million per tael.
At the close on November 13, 2026, Saigon Jewelry Company (SJC) and other major brands quoted gold bar buying and selling prices of VND 135 million and VND 138 million per tael, respectively, a spread of VND 3 million. SJC gold bar prices were down VND 3 million per tael from November 7 and VND 4 million per tael from November 9.
At the November 13 buyback price of VND 135 million per tael, someone who bought SJC gold bars on November 7 for VND 141 million per tael would have lost about VND 6 million per tael if they sold on November 13. Someone who bought on November 9 for VND 142 million per tael would have lost about VND 7 million per tael. These are potential losses calculated from the purchase prices and the November 13 buyback price.
SJC gold bar prices over the past seven days. Image source: SJC.（VietVance）
SJC gold rings with a purity of 99.99% also fell this week. On November 13, the buying and selling prices for 1-, 2- and 5-chi rings were VND 133.8 million and VND 137.8 million per tael, respectively. Both prices were down VND 3.7 million per tael from November 9, leaving a spread of VND 4 million. At the November 13 buyback price, those who bought early in the week faced potential losses of about VND 7.7 million per tael.
SJC gold ring prices over the past week. Image source: SJC.（VietVance）
Buyers who have held gold longer also face paper losses. On January 1, 2026, SJC gold bars had buying and selling prices of about VND 150.8 million and VND 152.87 million per tael, respectively. Someone who bought at the selling price that day and sold at the November 13 buyback price would have lost about VND 17.9 million per tael, or roughly 11.7% of the initial outlay. Gold bar prices reached VND 187.2 million to VND 192.2 million per tael in late January. Someone who bought then at VND 192.2 million per tael and sold at the November 13 price would have lost VND 57.2 million per tael, nearly 30% of the initial outlay.
Bùi Ngọc Sơn said gold prices during the remainder of 2026 could continue to be influenced by factors including Federal Reserve interest rate policy, the US stock market, geopolitical risks and central banks’ demand for safe-haven assets. He expects potentially wide price swings toward year-end, with the trend depending more on actual economic indicators. This remains a forecast of future market conditions.
Source: VietVance
