On October 4, 2026, gold prices in Vietnam saw a notable decrease, causing buyers of gold bars and rings to incur losses of up to 6 million VND per ounce. The decline in prices has been attributed to various market fluctuations affecting both local and international gold markets.

According to the Saigon Jewelry Company (SJC), the price of SJC gold bars was listed at 140.5 to 143.5 million VND per ounce on October 4. This marks a decrease of 900,000 VND per ounce compared to the previous week when prices were at 141.4 to 144.4 million VND per ounce. Buyers who purchased SJC gold on September 27 at 144.4 million VND per ounce would face a loss of 3.9 million VND if they sold it on October 4.

Similarly, DOJI, another major gold retailer, reported the same price range of 140.5 to 143.5 million VND per ounce on October 4, reflecting a 900,000 VND drop in both buying and selling prices. Buyers at DOJI who bought gold on September 27 would also experience a loss of 3.9 million VND per ounce.

Phu Quy, another gold dealer, listed SJC gold bars at 140.3 to 143.5 million VND per ounce, down from 141.4 to 144.4 million VND per ounce a week earlier. Buyers who purchased gold at the higher price would incur a loss of 4.1 million VND per ounce if they sold it on October 4.

In the case of gold rings, the price at SJC was reported at 140 to 143 million VND per ounce, down from 140.9 to 143.9 million VND per ounce. Buyers of gold rings from DOJI faced the highest losses, with a drop of 2 million VND per ounce, resulting in total losses of up to 6 million VND per ounce for those who bought on September 27.

The recent downturn in gold prices has been attributed to a combination of factors, including high buying-selling spreads that could lead to significant losses even with minor price fluctuations. Investors are advised to exercise caution amid the volatile market conditions and to avoid using financial leverage or making hasty purchases in response to rapid price changes.

Furthermore, the current decline in global gold prices may continue to exert pressure on the domestic market, increasing the risk of further price drops. Investors should carefully assess their risk tolerance and monitor market developments before engaging in transactions.

This information serves as a market update and should not be considered investment advice.