Gold Prices Plummet, Buyers Lose Nearly 31 Million VND per Ounce
In just three months, gold prices in Vietnam have sharply declined, causing buyers of SJC gold bars and 9999

Gold prices have seen a dramatic decline, with buyers facing losses of up to 32.8 million VND per tael if they sell their gold now. On October 10, 2026, the price of SJC gold has dropped significantly compared to its value six months prior.
A survey conducted on October 10, 2026, revealed that the price of SJC gold at various companies has decreased sharply. For instance, at DOJI, the price was listed at 169.7 - 172.7 million VND per tael on April 10, 2026, but has fallen to 141.8 - 144.8 million VND by October 10, 2026. This represents a loss of approximately 30.9 million VND per tael for buyers who purchased gold six months ago.
Similarly, at Bảo Tín Minh Châu, the price of SJC gold has decreased from 169.7 - 172.7 million VND to 139.9 - 144.8 million VND, resulting in a loss of 32.8 million VND per tael for sellers. At Phú Quý, the price dropped from 169.7 - 172.7 million VND to 141 - 144.8 million VND, indicating a loss of 31.7 million VND per tael.
In addition to SJC gold, the price of 9999 gold rings has also seen a significant decline. Buyers of these rings are facing losses ranging from 31.3 to 32.8 million VND per tael if they choose to sell now. For example, at DOJI, the price of gold rings dropped from 169.7 - 172.7 million VND to 140.3 - 144.3 million VND, resulting in a loss of 32.4 million VND per tael.
The international gold market has also experienced a downturn, with prices falling from 4,743 USD per ounce on April 10, 2026, to 4,193.6 USD per ounce on October 10, 2026, marking a decrease of about 11.58%.
As both domestic and international gold prices continue to decline, buyers are advised to be cautious and avoid making impulsive purchases during this volatile period. The gap between buying and selling prices remains significant, which could lead to further losses for investors.
It is important to note that this information is intended to update market trends and should not be considered as investment advice.