Domestic gold prices continue to fall.

On the morning of June 4th, domestic businesses simultaneously drastically reduced the prices of SJC gold bars and gold rings, bringing the selling price down below 157 million VND per tael.

ZNews•04/06/2026

Domestic gold prices have fallen for the past four consecutive days. Photo: Duc Anh .

In the ongoing domestic market trading session, Saigon Jewelry Company Limited (SJC) listed the price of gold bars at 153.5 - 156.5 million VND/ounce (buy - sell), a decrease of half a million VND compared to the closing price of the previous session.

Other major brands such as Phu Nhuan Jewelry Joint Stock Company (PNJ), Phu Quy Group, DOJI Group, Bao Tin Minh Chau, Bao Tin Manh Hai, Mi Hong Company... also simultaneously reduced the price of gold bars to the same level as SJC, currently all falling to below 157 million VND/ounce.

On the daily price chart, this marks the fourth consecutive session of price decreases for this commodity. Overall, the price drop over the past four sessions has reached nearly 3 million VND per tael.

Over the past month, the price of SJC gold bars has decreased by 8 million VND/ounce. Compared to the peak price set in early March (nearly 191 million VND/ounce), the current price is nearly 35 million VND lower. Adding the buy-sell spread offered by businesses at 3 million VND, the losses incurred by those who bought gold at its peak this year have reached nearly 40 million VND/ounce, equivalent to a net loss of 20%.

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The aforementioned decline has also brought the price of gold bars back to its lowest point since mid-January. Compared to the lowest price recorded at the beginning of the year, the current price is only slightly more than 3 million VND higher.

SJC gold bar prices remain weak.
Source: SJC.
Label		March 29	March 30th	March 31	1/4	2/4	3/4	4/4	5/4	April 6th	7/4	April 8th	April 9th	April 10th	April 11th	April 12th	April 13th	April 14th	April 15th	April 16th	April 17th	April 18th	April 19th	April 20th	April 21	April 22nd	April 23	April 24th	April 25th	April 26	April 27	April 28	April 29	April 30th	1/5	2/5	3/5	4/5	5/5	6/5	7/5	8/5	9/5	May 10th	May 11th	May 12th	May 13th	May 14th	May 15th	May 16th	May 17th	May 18th	May 19th	May 20th	May 21st	May 22nd	May 23	May 24th	May 25th	May 26th	May 27th	May 28th	May 29th	May 30th	May 31st	1/6	2/6	3/6	4/6
Purchase price	million VND/ounce	169.8	170.8	171.9	173.7	170	170	171.5	171.5	170.1	169.5	171	168.5	169.7	169.4	169.4	168.5	170	170	167.7	167.5	168.5	168.5	168.3	168.1	167.5	166.7	165.5	166.3	166.3	166.3	164.5	163	163	163	163	163	163.3	162	163	164.5	164.5	164.5	164.5	162.2	162.5	162	162	161	161	161	160.5	160.8	158.5	160.5	159	158.5	158.5	159	158.5	157.7	154.5	155.5	156	156	155.5	154.5	154	153.5
Selling price		172.8	173.8	174.9	176.7	173.5	173.5	174.5	174.5	173.1	172.5	175	171.5	172.7	172.4	172.4	171.5	173.5	173.5	171.2	171	172	172	171.3	170.6	170	169.2	168	168.8	168.8	168.8	167.5	166	166	166	166	166	166.3	165	166	167.5	167.5	167.5	167.5	165.2	165.5	165	165	164	164	164	163.5	163.8	161.5	163.5	162	161.5	161.5	162	161.5	160.7	157.5	158.5	159	159	158.5	157.5	157	156.5

For gold rings – an item whose price closely follows world prices – businesses have also sharply reduced prices by half a million dong this morning. Currently, Phu Quy, DOJI, PNJ, Bao Tin Minh Chau, and Bao Tin Manh Hai are trading gold rings around 153.5 - 156.5 million dong/ounce. At Mi Hong Company, the price of 999 gold rings is trading at 153.8 - 155.5 million dong/ounce.

The sharp drop in domestic gold prices this morning was mainly influenced by developments in the international market last night. Specifically, world gold prices closed the trading session on June 3rd with a decrease of more than 50 USD , falling sharply to around 4,434 USD /ounce. By this morning, world gold prices had recovered slightly to 4,460 USD /ounce.

Precious metals continued their downward trend as tensions in the Middle East unexpectedly escalated again. According to many international analysts, escalating conflicts and rising energy prices will increase the likelihood of inflation. Some officials at the US Federal Reserve (Fed) have also expressed the view that the central bank may have to raise interest rates if inflation continues to rise. Higher interest rates would further strengthen the US dollar and put additional downward pressure on gold prices.

Currently, based on the prevailing exchange rate (excluding taxes and fees), the world gold price is equivalent to approximately 142 million VND per tael, which is nearly 15 million VND per tael lower than the domestic gold price.