Markets

Vietnam Gold Bars Slip While Rings Hold High

By Markets Desk · 2026-09-15 · 2 min read

A stack of polished gold bars and a single gold ring resting on a dark wooden surface. — Illustration: Tradingbird

SJC gold bar prices edged down in the morning session, while gold rings traded at a premium of over one million VND per tael.

SJC gold bar sell prices fell to 145.7 million VND per tael at 9:00 a.m. This marked a drop of 300,000 VND from the previous morning. By 10:20 a.m., the price recovered slightly to 146.2 million VND per tael. The market remains volatile as dealers adjust to global shifts.

Gold ring prices diverged from bar prices during the same period. Dealers quoted ring sell prices between 146.5 and 147 million VND per tael. This places rings more than 1 million VND per tael above the SJC bar sell price. Such a premium is rare and indicates strong consumer demand for rings as a store of value.

Domestic Premium Stays Wide

International gold traded between 4,336 and 4,352 USD per ounce. This level is approximately 136.4 to 137 million VND per tael. Domestic SJC bars trade at a premium of 8.7 to 9.8 million VND per tael over this global benchmark. The gap highlights the insular nature of the Vietnamese market.

Dealers maintained a buy-sell spread of 3 to 4 million VND per tael. This wide margin reflects significant perceived price risk. Short-term traders face higher transaction costs due to this spread. Long-term savers often prefer rings for their liquidity and lower effective cost basis.

Exchange Rates Show Minor Gains

The State Bank of Vietnam set the central reference rate at 25,607 VND per USD. This is an increase of 11 dong from the prior session. Commercial banks adjusted their rates unevenly in response. Vietcombank and BIDV listed sell rates at 26,110 VND per USD.

VietinBank raised its sell rate by 15 dong to 26,115 VND per USD. Eximbank held its sell rate steady at 26,090 VND per USD. These slight variations across banks add complexity to currency conversion for gold buyers. The overall trend remains stable with minor upward pressure.

Investor Strategy Splits by Horizon

The price divergence creates distinct options for market participants. Investors with long-term accumulation goals favor gold rings. The premium on rings is offset by their stable liquidity profile. Short-term investors face a disadvantage due to the wide spread.

Data from GN auto markets/commodities: gold prices confirms this split in sentiment. The market is pricing in continued volatility. Dealers continue to adjust intraday ranges to match international movements. Caution dominates trading behavior as the gap between bars and rings persists.

Based on reporting by biggo.com, compiled by the Tradingbird desk.