Vietnam Gold Prices Edge up as Domestic Premium Holds at VND6.8 Million

Domestic gold prices in Vietnam climbed on Friday morning, led by Saigon Jewelry Company lifting bullion bars 0.13 percent to VND148.6 million ($5,697.31) per tael.

Plain gold rings gained 0.14 percent to VND148.1 million per tael. A standard Vietnamese tael equals 37.5 grams, or approximately 1.2 ounces.

Domestic Spread and Annual Movement

Despite the morning uptick, Saigon Jewelry Company bars remain down 0.07 percent from the start of the week. Since the beginning of the year, domestic gold prices have dropped 2.75 percent across Vietnamese trading desks.

Retail buyers in Vietnam continue to pay a hefty premium for physical inventory. Local bars traded at roughly VND6.8 million per tael above prevailing international spot benchmarks on Friday.

The price gap reflects sustained domestic preference for physical store-of-value assets, keeping retail jewelry and bullion counters priced well above import parity even during quieter trading weeks.

International Pressures and Rate Outlook

Overseas bullion traded flat on Friday after a volatile run earlier in the week. Spot gold held steady at $4,468.27 per ounce after gaining 2 percent during Thursday trading, while US gold futures for December delivery dropped 0.6 percent to $4,514.60.

Global market participants have focused their attention on upcoming US employment figures for indications on interest rate policy. Ross Maxwell, global strategy operations lead at VT Markets, noted that central bank accumulation continues to underpin physical demand and limit broader downside across the sector.

Market participants and domestic retail bullion traders now watch upcoming inflation data releases scheduled for next week to set the near-term direction for spot pricing.