At 9:00 AM on 11/3, Sai Gon Jewelry Company (SJC) listed gold bars at 184.2 - 187.2 million VND per tael, an increase of over one million VND from yesterday's close. Other brands similarly increased their gold bar prices.

SJC's plain gold rings also saw a rise of over one million VND this morning, reaching 183.9 - 186.9 million VND per tael. Phu Nhuan Jewelry Company (PNJ) adjusted its gold ring prices to 184.2 - 187.2 million VND. Mi Hong traded plain gold rings at 185 - 187 million VND per tael.

The gap between domestic and global gold prices now exceeds 22 million VND per tael. Concurrently, spot gold traded globally at around USD 5,203 per ounce, which translates to approximately 165 million VND per tael at Vietcombank's selling rate (excluding taxes and fees).

Gold sold on God of Wealth Day 2026 on Tran Nhan Tong street, Ha Noi. *Photo: Giang Huy*

Domestic silver prices also experienced a slight increase this morning, with brands trading around 3.2 - 3.4 million VND per tael, or nearly 88 - 90.7 million VND per kg.

According to the World Gold Council (WGC), precious metals are often difficult to predict in the short term, experiencing extended price fluctuations with the probability of increases dropping to about 57%.

The WGC suggests that the USD's recovery, fueled by the Middle East conflict, might be temporary. A return to the greenback's weakening trend would support gold prices.

While gold prices fluctuate, domestic trading remains restricted. Brands are supplying gold bars and plain rings sparingly, and many retailers have ceased sales. For investment silver bars, suppliers are accepting orders but scheduling deliveries several months in advance.

Quynh Trang