Vietnam's domestic gold prices drop sharply on July 23, 2026
On July 23, 2026, Vietnam's domestic gold price fell sharply, with buying prices dropping by up to 1.4 million VND per tael at major dealers such as SJC, DOJI, and Bảo Tín Mạnh Hải. The price settled near 142 million VND for buying and 146 million VND for selling. Meanwhile, global gold prices remained elevated at approximately 4,147 USD per ounce (about 130.5 million VND per tael), with a domestic premium of 15.5 million VND. These fluctuations occurred amid rising tensions in the Middle East and investors awaiting the upcoming US Federal Reserve meeting.
Key facts
- Gold buying prices fall up to 1.4 million VND per tael at major dealers
- Domestic gold prices settle near 142 million VND for buying and 146 million VND for selling
- Global gold remains high at around 4,147 USD per ounce amid Middle East tensions and Fed meeting anticipation
Why it matters
The significant decline in Vietnam’s local gold prices contrasts with sustained global gold prices, highlighting the influence of geopolitical tensions and monetary policies on the precious metals market. Overseas Vietnamese and international observers should note the domestic premium and price volatility when considering gold investments in Vietnam amid uncertain global conditions.
Source and method
This brief was written by Daily Vietnam's editing desk from a report published by Báo Công thương, using AI assistance and a fixed editorial structure. It contains only facts established by that report and adds nothing from outside it. It is a summary for readers who do not read Vietnamese, not a replacement for the original. All reporting credit belongs to Báo Công thương.
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