Vietnam gold prices on November 15 evening: SJC bars sell for up to VND 13.8 million

On November 15, Công ty SJC quoted buying and selling prices for SJC gold bars at VND 134.5 million and VND 137.5 million per tael, respectively, and for SJC gold rings at VND 133.3 million and VND 137.3 million. Bảo Tín Minh Châu quoted SJC gold bars at VND 133.8 million to VND 137.5 million per tael and gold rings at VND 133.8 million to VND 137.8 million. Each pair of prices lists the buying price first and the selling price second.

Bảo Tín Mạnh Hải quoted a buying price of VND 135 million and a selling price of VND 138 million per tael for SJC gold bars, unchanged from the prices recorded on November 14. Its Kim Gia Bảo 24K product had buying and selling prices of VND 133.8 million and VND 137.8 million per tael, respectively. For BTMH 9999 round gold rings, it listed only a buying price of VND 132.8 million per tael; no selling price was available.

In international markets, Reuters data from the November 13 trading session showed spot gold at USD 3,879.71 an ounce, up 0.1%, at around 2:05 a.m. Vietnam time on November 14. December gold futures closed nearly unchanged at USD 3,886.30 an ounce. Gold had risen to USD 3,922.97 an ounce after the United States reported that its October Producer Price Index increased 0.3% from the previous month, below the expected 0.4%, but the rally subsequently weakened.

Gold had fallen about 3% on November 12. It lost about 4.5% over the week, its steepest weekly decline since early June. Markets were watching US inflation data and Federal Reserve interest rate policy. According to Reuters, after the Producer Price Index was released, the market-implied probability of a 0.25 percentage point Federal Reserve rate increase in December fell to 91.4% from 96.2%.

Source: VietVance