Gold Price Update: Ring Prices Surpass Gold Bars in Vietnam
The gold market in Vietnam witnessed a unique pricing phenomenon on September 19, 2026, where the cost of intricately crafted gold rings surpassed the valuation of standard gold bars. While the global gold market has been experiencing significant volatility and upward pressure due to various macroeconomic factors, the domestic market in Vietnam has shown a surprising level of stability. According to recent market data, major industry players like SJC have maintained their existing price points, reflecting a period of equilibrium in the local trading environment.
Currently, the purchasing and selling rates for gold bars remain consistent with previous sessions. SJC has set the buying price for gold bars at 144.6 million VND, while the selling price is positioned at 147.6 million VND. However, the most notable trend is the premium observed in jewelry items. Specifically, 9999 purity gold rings are being traded at significantly higher rates, reaching approximately 148 million VND. This discrepancy highlights a growing consumer preference for wearable gold assets over bullion, likely driven by both cultural significance and the added value of craftsmanship.
This local stability comes at a time when international financial landscapes are shifting. Several central banks have implemented interest rate hikes to combat inflation, a move that typically influences gold prices by affecting the strength of the US dollar and the attractiveness of non-yielding assets. Despite these external pressures, the Vietnamese gold market remains resilient, with prices for various denominations holding steady. Investors and consumers alike are closely monitoring these developments to determine whether this period of stagnation is a precursor to a major price correction or a temporary lull in a broader bull market. As the gap between bullion and jewelry prices widens, market analysts suggest that the demand for high-purity gold ornaments will continue to play a pivotal role in domestic price discovery.
Key Highlights
- Gold ring prices reached 148 million VND, exceeding the cost of gold bars.
- SJC gold bar prices remained stable with a selling rate of 147.6 million VND.
- Domestic gold prices remain unchanged despite global market volatility.
- Central bank interest rate hikes are influencing international gold trends.
Source: Vietnam.vn
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