SJC gold bars plummet, prices hit a year-low.

The price of gold bars and gold rings has fallen by nearly 2 million VND, officially reaching its lowest point in 2026.

The price of SJC gold bars has officially fallen below 160 million VND/ounce. Photo: Duy Hieu .

In the ongoing domestic market trading session, Saigon Jewelry Company (SJC) listed the price of gold bars at 156 - 159 million VND/ounce, a decrease of nearly 2 million VND/ounce compared to the closing price of the previous session (May 27).

Other major gold trading companies such as Phu Nhuan Jewelry Joint Stock Company (PNJ), DOJI Group, Phu Quy Group, Bao Tin Minh Chau, Bao Tin Manh Hai, Mi Hong Company, etc., have also successively brought down the price of gold bars significantly, to the same level as SJC.

Notably, this is the lowest price range for gold bars in 2026. Previously, this commodity also started 2026 around this price range before surging to reach a historical peak of 191.3 million VND/ounce at the end of January. After that, the price of gold bars continuously experienced sharp increases and decreases of up to millions of VND in February and March before entering a prolonged period of sharp decline from April to the present.

Thus, compared to the historical peak that this commodity once reached, gold bars have now fallen by 32 million VND/ounce, corresponding to a net decrease of nearly 20%. And those who bought gold bars at the historical peak have now lost up to 35 million VND per ounce due to the difference between the buying and selling prices.

SJC gold bar prices hit rock bottom.
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
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	156
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	159

Not only gold bars, but gold rings also fell by nearly 2 million VND in this morning's trading session. After adjustments, Phu Quy, PNJ, DOJI, Bao Tin Minh Chau, and Bao Tin Manh Hai are all pegging gold ring prices at 156-159 million VND/ounce. This selling price is equivalent to the current trading price of SJC gold bars.

Mi Hong Company, in particular, lists its 999 gold ring prices differently from the market average. This well-known gold seller in Ho Chi Minh City is trading gold rings with customers at 156-158 million VND/ounce, meaning it sells them cheaper than other brands.

On the daily price chart, since the beginning of the year, the fluctuations of gold rings have followed the same trend as gold bars. This commodity once reached its historical peak in 2016 at over 191 million VND/ounce. Thus, in just the past few months, those who bought at the peak of this commodity have now lost approximately 35 million VND/ounce.

The sharp drop in domestic gold prices this morning is mainly due to the weakening of global gold prices. The spot price of the precious metal saw a decrease of nearly $60 (-1.2%) compared to the closing price of the previous session, now plummeting to the low of $4,400 /ounce.

Global gold prices fell sharply due to pressure from expectations that the US Federal Reserve (Fed) will raise interest rates amid ongoing conflict in the Middle East. Investors are now awaiting further US economic data, specifically the April Personal Consumption Expenditures (PCE) index, to find clues about the future direction of monetary policy. If interest rates remain high, it will be detrimental to gold.

Source: https://znews.vn/vang-mieng-sjc-rot-tham-gia-da-cham-day-cua-nam-post1654895.html