Gold prices in Vietnam continued their downward trend on October 25, 2026, with major brands like SJC, Bao Tin Manh Hai, and PNJ reducing their prices by 300,000 VND per ounce in both buying and selling directions. The prices for these brands now range from 138.7 to 141.7 million VND per ounce. Phu Quy gold bars also saw a similar decrease, trading between 137.7 and 141.7 million VND per ounce, while DOJI gold bars maintained their previous prices at 139 to 142 million VND per ounce.
Gold ring prices followed the same trend, with some brands experiencing declines while others remained stable. SJC gold rings held steady at 135 to 139 million VND per ounce, but DOJI and Phu Quy gold rings dropped by 300,000 VND per ounce, listing at 137.2 to 141.2 million VND per ounce and 137.7 to 140.7 million VND per ounce, respectively. PNJ gold rings remained unchanged at 138 to 141 million VND per ounce.
The global gold price fell below $4,000 per ounce this morning, marking a more than 4% loss since the beginning of the week. This sharp decline is attributed to renewed concerns about military escalation related to Iran and expectations of continued tight monetary policy by the US Federal Reserve. Analysts at Kitco News reported increasing pessimism on Wall Street, though retail investors remained more optimistic despite the recent poor performance of the precious metal.
Experts offered mixed predictions for the future of gold prices. Adrian Day of Adrian Day Asset Management suggested that the $4,000 per ounce level would hold or slightly lower. Rich Checkan of Asset Strategies International predicted a rebound from the current lows, citing margin calls triggering liquidity needs. Kevin Grady of Phoenix Futures and Options noted that gold prices continue to move inversely to interest rates, with broader concerns also impacting the precious metal.