On the morning of November 17, the price of SJC gold bars was listed by enterprises at 149 million VND/tael for buying and 151 million VND/tael for selling, an increase of 500,000 VND/tael for buying and unchanged for selling.
The price of gold rings was listed by Bao Tin Minh Chau at 148-151 million VND/tael (buy - sell), an increase of 200,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.
By the afternoon trading session of November 17, domestic gold prices had decreased simultaneously.
SJC gold bar prices fell by VND500,000/tael to VND148.5-150.5 million/tael.
The price of plain gold rings also decreased by 500,000 VND/tael. SJC Company listed at 146.0-148.5 million VND/tael. Bao Tin Minh Chau decreased to 147.5-150.5 million VND/tael. DOJI still listed 146.9-149.9 million VND/tael.
In the face of fluctuations in the domestic gold market, Saigon Jewelry Company (SJC) has just announced a transaction related to gold bar trading.
Accordingly, SJC Company will temporarily suspend receiving online gold bar trading registration on the company's website from tomorrow, November 18. If customers want to buy gold bars, they will transact directly at the company's two branches in Ban Co ward and An Nhon ward, Ho Chi Minh City.
Previously, in early October, the company announced that customers buying gold bars would have to register online in advance.
While domestic gold prices fluctuated, gold prices on the international market tended to move sideways, without many changes.
The spot gold price is currently at 4,085 USD/ounce, equivalent to about 130 million VND/tael (at the bank rate), or 137 million VND/tael (at the free exchange rate), excluding taxes and fees.
Thus, the gap between domestic and world gold prices is quite high, around 15 - 20 million VND.
After some strong increases since the beginning of 2025, in recent trading sessions, world gold prices have begun to stagnate, while domestic gold prices are still fluctuating.
According to Mr. Nguyen Quang Huy, CEO of the Faculty of Finance - Banking of Nguyen Trai University, for the gold market to develop sustainably, a long-term communication strategy is needed to gradually reduce the habit of accumulating gold as a main channel.
He assessed that domestic supply and demand factors have further complicated the picture of gold prices, pushing the gap between domestic and foreign gold prices to a record high and creating a unique price increase pressure for the domestic market.
In the context of unpredictable fluctuations in gold prices, financial experts advise to hold gold smarter and flexibly with an asset structure, not putting all your eggs in one basket.
Currently, the State Bank is soliciting opinions on a new draft Circular on the status of gold of credit institutions. The draft expands the scope of regulation according to Decree 232/2025/ND-CP, proposing to increase the limit on gold status to 5% of equity owned by banks, instead of 2% as in the old regulation. This is to increase the legal supply of gold and narrow the gold price gap.
