Vietnam Gold Prices Jump as Spot Gold Tops $4,100

In Vietnam, SJC quoted bars at 141.5 million dong bid and 144.5 million dong offered, while major dealers including Phu Quy, DOJI and Bao Tin Minh Chau also lifted selling prices to 144.5 million dong. That puts SJC bars roughly 15.6 million dong above the imported gold equivalent, underscoring how tight supply and local pricing controls continue to amplify the international move.

Gold rings also climbed sharply, but remained below SJC bars, with Phu Quy rings at 140-143 million dong, DOJI at 139-143 million dong and SJC rings at 138.3-142.3 million dong. For buyers, the gap highlights the cost of chasing a market that has become extremely volatile; for sellers and jewelry retailers, it supports higher nominal prices but risks slowing consumer demand if the rally runs too far, too fast.

The dollar’s retreat is helping fuel the advance. Vietnam’s central bank trimmed its reference rate to 25,623 dong per dollar, while Vietcombank cut its retail dollar quote to 25,510-25,960 dong, keeping the greenback below 26,000 dong at several lenders and easing some pressure on imported gold pricing.

Gold’s next catalyst is U.S. labor data due later this week, which could sharpen expectations for Fed policy and either extend the rally or trigger another sharp swing. With bullion already far above domestic parity and technical momentum still elevated, investors should expect more volatility in both bars and rings.