SJC gold bar price sharply decreases after 6 months
On August 3, 2026, SJC gold bar prices at DOJI and Phu Quy were both listed at 137-141 million VND/tael (buying - selling).
Compared to the level of 170.5-173.5 million VND/tael on February 3, 2026, SJC gold bar prices at DOJI and Phu Quy both decreased by 33.5 million VND/tael on the buying side and decreased by 32.5 million VND/tael on the selling side.
Buyers of SJC gold bars at DOJI or Phu Quy on February 3rd at a price of 173.5 million VND/tael, if resold on August 3rd at a price of 137 million VND/tael, will suffer a loss of 36.5 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars on August 3rd at 138.3-142.3 million VND/tael.
Compared to the level of 170.5-173.5 million VND/tael on February 3, the buying price at Bao Tin Minh Chau decreased by 32.2 million VND/tael, and the selling price decreased by 31.2 million VND/tael.
People who bought SJC gold bars at Bao Tin Minh Chau 6 months ago at a price of 173.5 million VND/tael, if sold on August 3 at a price of 138.3 million VND/tael, would lose 35.2 million VND/tael.
Thus, after 6 months, SJC gold bar buyers at the above three brands are suffering a loss of 35.2-36.5 million VND/tael.
9999 gold rings also cause heavy losses for buyers
On August 3, the price of 9999 gold rings at DOJI and Phu Quy was both at 137-141 million VND/tael. Bao Tin Minh Chau listed higher, at 138.3-142.3 million VND/tael.
At DOJI, the price of gold rings on February 3rd was 170-173 million VND/tael. After 6 months, the buying price decreased by 33 million VND/tael, and the selling price decreased by 32 million VND/tael.
Gold ring buyers at DOJI on February 3rd at a price of 173 million VND/tael, if resold on August 3rd at a price of 137 million VND/tael, will lose 36 million VND/tael.
In Phu Quy, the price of gold rings decreased from 170.5-173.5 million VND/tael on February 3 to 137-141 million VND/tael on August 3. The buying price decreased by 33.5 million VND/tael, while the selling price decreased by 32.5 million VND/tael.
With the above price, gold ring buyers in Phu Quy 6 months ago would suffer a loss of 36.5 million VND/tael if sold on August 3.
At Bao Tin Minh Chau, the price of gold rings decreased from 170.5-173.5 million VND/tael to 138.3-142.3 million VND/tael. The buying side decreased by 32.2 million VND/tael, and the selling side decreased by 31.2 million VND/tael.
Gold ring buyers at Bao Tin Minh Chau on February 3rd and resell on August 3rd will lose 35.2 million VND/tael.
Buy-sell spread is very high
The loss of gold buyers after 6 months not only came from the sharp decrease in market prices, but also directly affected by the difference between buying and selling prices at enterprises.
On February 3, DOJI, Phu Quy and Bao Tin Minh Chau both maintained the buying - selling difference at 3 million VND/tael for both SJC gold bars and 9999 gold rings. By August 3, this gap increased to around the threshold of 4 million VND/tael at all three businesses.
This means that immediately after buying gold, people had to bear a loss corresponding to the buying-selling difference. As gold prices continued to fall, the loss due to the market decline also added disadvantages from the widening buying-selling gap. Therefore, the actual loss of buyers is higher than the mere decrease of the listed price.
In the context of strong gold price fluctuations, people should not buy out of fear of missing opportunities (FOMO) or chasing short-term uptrends. The high buying - selling difference can quickly make buyers fall into a state of loss, even if gold prices only adjust slightly. In addition, the downward trend of world gold prices may continue to put pressure, pulling the domestic market down deeper.
On the international market, gold price decreased from 4,841.4 USD/ounce on February 3 to 4,059.9 USD/ounce on August 3, equivalent to a decrease of 781.5 USD/ounce, about 16.1%.
The information in the article is for reference only, not an investment recommendation. People need to carefully consider their financial capacity, market developments and the risk of buying and selling differences before trading gold.
