On the morning of 11/6, Saigon Jewelry Company (SJC) listed gold bar prices at 131 - 136 million dong per tael, the lowest level since late 9/2025. Since early June, the precious metal has decreased by over 22 million dong per tael.

Businesses widened the spread between buying and selling prices to 5 million dong, instead of the previous 2-3 million dong.

SJC also reduced the price of plain gold rings by 2,3 million dong, to 130,9 - 135,9 million dong per tael. PNJ listed this item at 131 - 136 million dong, while Bao Tin Minh Chau listed it at 132,2 - 137,2 million dong per tael.

Domestic gold prices continued to fall, following the downward trend of international prices. At the close of the trading session on 10/6, each ounce of international spot gold fell by 188 USD, to 4.070 USD. This morning, prices recovered by nearly 40 USD, reaching 4.107 USD per ounce.

Converted at Vietcombank's exchange rate, international gold is equivalent to 130,5 million dong per tael. Thus, the domestic price is about 5,5 million dong higher than the international price, narrowing compared to the "tens of millions of dong" gap seen in previous months.

The gold market declined due to increasing investor concerns that the prolonged conflict in the Middle East would force countries to raise interest rates to curb inflation. Additionally, traders focused on key United States economic data to anticipate upcoming monetary policy.

Nguyen Quang Son, Director of Private Wealth Management (North Star), FIDT Joint Stock Company, stated that gold prices could still fluctuate sharply in the short term, but the long-term trend remains positive due to persistent supporting factors. The expert believes gold will continue to act as a hedge against risk as the global economy faces pressure and geopolitical tensions in the Middle East grow more complex.

Silver bar and ingot prices remained unchanged compared to yesterday. Phu Quy, DOJI, and Ancarat all listed this metal at approximately 2,42 - 2,49 million dong per tael, equivalent to 64,6 - 66,6 million dong per kilogram. Sacombank - SBJ traded silver bars around 2,47 - 2,55 million dong per tael.

Trong Hieu