Vietnam gold bar and plain gold ring prices fall on November 12
Major Vietnamese gold companies cut prices for gold bars and plain gold rings on November 12. By midday, SJC and PNJ were selling gold bars at VND 139 million per tael; other major firms quoted the same selling price that afternoon.
On the afternoon of November 12, several major Vietnamese gold companies continued to lower their prices. Bảo Tín Minh Châu quoted buying and selling prices for plain 9999 gold rings at VND 134.7 million and VND 138.7 million per tael, respectively. Its gold bars were quoted at VND 134.7 million to VND 139 million per tael, with the buying price down VND 800,000 and the selling price down VND 1 million.
That afternoon, Bảo Tín Mạnh Hải quoted gold bars at VND 136 million to VND 139 million per tael and plain 9999 gold rings at VND 132.7 million to VND 137.7 million per tael. DOJI quoted gold bars at VND 136 million to VND 139 million per tael and rings at VND 134.5 million to VND 138.5 million per tael.
At midday on November 12, SJC’s gold bar buying and selling prices fell by VND 1 million to VND 136 million and VND 139 million per tael, respectively. Its ring prices were VND 134.8 million to VND 138.8 million per tael. PNJ also quoted gold bars at VND 136 million to VND 139 million per tael and rings at VND 133.7 million to VND 137.9 million per tael.
Gold bar and plain 9999 gold ring prices in Vietnam on November 12.（VietVance）
Before the market opened on November 12, gold bar selling prices were generally VND 140 million per tael, while major companies including SJC, PNJ and DOJI generally offered buying prices of VND 137 million per tael. On the evening of November 11, Vietnam time, the international gold price fell back to around USD 4,000 per ounce.
Source: VietVance
