Gold Prices Drop Significantly in Vietnam After a Week
Gold prices in Vietnam have experienced a significant drop, losing up to 4 million VND per tael over the

On June 24, 2026, the gold market in Vietnam showed stability in the prices of gold bars and rings, while the global gold prices experienced a significant drop. The latest updates indicate that gold prices in Vietnam are holding steady, with major brands maintaining their pricing.
As of June 24, the selling price of gold bars reached 147 million VND per tael at several large gold brands. In Hanoi and Da Nang, the SJC gold price is recorded at 144 million VND per tael for buying and 147 million VND for selling. In Ho Chi Minh City, the SJC gold price remains consistent with the prices in Hanoi and Da Nang.
Doji gold prices in Hanoi also reflect the same stability, with buying and selling prices at 144 million VND and 147 million VND, respectively. Similarly, PNJ gold is listed at 144 million VND for buying and 147 million VND for selling, maintaining the same rates as the previous trading session. However, Bảo Tín Minh Châu has adjusted its buying price down to 142.5 million VND while keeping the selling price at 147 million VND.
In terms of gold rings, prices have also remained stable across major brands. For instance, the 9999 gold ring from Hưng Thịnh Vượng at Doji is priced at 144 to 147 million VND (buying - selling), showing no change from the previous session. The SJC gold ring type 1-5 is listed at 143.9 to 146.9 million VND, maintaining its previous pricing as well.
On the global front, the price of gold has seen a significant decrease, with spot gold dropping by 104 USD per ounce to 4,013 USD per ounce as of June 24. The August 2026 futures contract on the Comex New York exchange is priced at 4,142 USD per ounce. This decline has pushed gold prices below the 4,000 USD per ounce mark.
Experts predict that the global gold market will continue to face pressure as the US dollar remains strong, and expectations regarding the Federal Reserve's monetary policy have become more cautious. High real interest rates and a reduction in safe-haven investments due to easing geopolitical tensions are contributing to this adjustment in precious metal prices. Technically, some analysts suggest that gold needs to break through the resistance level of 4,180-4,200 USD per ounce to regain upward momentum.
If selling pressure continues, the support levels around 4,090 USD per ounce and further down at 4,040 USD per ounce will be closely monitored by the market. In the short term, gold prices may continue to fluctuate significantly in response to movements in the USD, US Treasury yields, and new signals from the Fed. However, many assessments indicate that the current adjustment is not sufficient to reverse the long-term trend for gold.
With domestic gold prices remaining stable and the global gold price listed at Kitco at 4,013 USD per ounce (approximately 128 million VND per tael based on Vietcombank's exchange rate, excluding taxes and fees), the price difference between the domestic and global gold markets on June 24 is about 19 million VND per tael. Further updates on gold prices for June 25 will be promptly provided to readers.