Vietnam Gold Prices Plummet Amid Global Market Turmoil
On August 19, 2026, gold prices plummeted on the international market. In Vietnam's domestic market, SJC gold bars and rings suffered significant losses, with prices dropping by up to 1.6 million VND per tael.
The current buying price for SJC gold bars is 139.7-142.7 million VND per tael, while the selling price is also in this range at 139.2-142.2 million VND per tael. This decline comes after a week of modest gains on August 3, when global gold prices rose to $4,062 USD per ounce.
It's worth noting that despite these losses, the domestic market had remained stable in recent days, with gold prices across major brands holding steady at 137 million VND and 141 million VND per tael for buying and selling. However, the sharp decline on August 19 suggests a shift in market sentiment.