According to major gold traders including Saigon Jewelry Company (SJC), PNJ, DOJI, Phu Quy, Bao Tin Minh Chau and Mi Hong, gold bar prices were listed at around VND168–171 million per tael (buying–selling), down nearly VND12 million compared to the previous week. The VND171 million level marks the lowest price in the past two months.

With this decline, investors who bought gold at the beginning of the week have incurred losses of around VND15 million per tael. Meanwhile, those who purchased at the peak of VND190.9 million per tael earlier this year are now facing losses of up to VND23 million per tael, equivalent to a 12% drop.

Gold rings (99.99% purity) also came under similar downward pressure. SJC listed ring gold at VND167.7–170.7 million per tael, while Mi Hong closed the week at VND169–171 million. Bao Tin Minh Chau quoted its premium ring products at up to VND172.1 million per tael. Overall, gold ring prices declined by about VND12 million per tael, or roughly 7% over the week, leaving short-term buyers with losses of around VND15 million.

Commenting on the market, Nguyen Quang Huy, CEO of the Faculty of Finance and Banking at Nguyen Trai University, said investor sentiment during volatile periods is often driven by expectations and herd behaviour. However, he emphasised that how investors respond after market fluctuations is just as important as their entry and exit points.

For short-term investors, restructuring portfolios to ease financial pressure may be a reasonable approach. Meanwhile, those viewing gold as a long-term store of value should recognise that corrections are a natural part of the market cycle and not necessarily a negative signal. Maintaining discipline and staying aligned with initial investment goals is key.

The expert also noted that increasing holdings at adjusted price levels could be appropriate if investors use idle capital and commit to a long-term horizon, rather than expecting a quick rebound or making emotional decisions to recover losses.

Globally, gold prices are currently influenced by mixed factors. In the short term, pressure comes from the Federal Reserve maintaining high interest rates and a strong US dollar, limiting gold’s upward momentum. However, longer-term support remains from geopolitical tensions such as the Russia-Ukraine conflict, instability in the Middle East, and continued gold accumulation by central banks.

In this context, the expert advised investors to stay cautious, reassess their portfolios based on real financial needs, and avoid making major decisions driven by short-term emotions.

“During periods of volatility like this, caution and patience can be just as valuable as finding the perfect entry or exit point,” Huy said.

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