Gold Prices in Vietnam Reverse Course After Morning Surge

On June 17, 2026, gold prices in Vietnam saw an afternoon decline following a sharp increase of up to 1 million VND per ounce earlier in the day. The reversal began around 4:30 PM local time, with major retailers such as SJC, DOJI, Phu Quy, PNJ, and Bao Tin Manh Hai lowering their prices by 200,000 to 300,000 VND per ounce compared to the previous day, although prices remained above yesterday's levels. The buying and selling prices at these outlets ranged from 148.8 million VND to 151.3 million VND per ounce, with a bid-ask spread of about 2 million VND per ounce.

Among the major brands, Mi Hong recorded the largest drop, with buying prices falling by 1 million VND to 150 million VND per ounce and selling prices decreasing by 500,000 VND to 151 million VND per ounce. Bao Tin Minh Chau also showed weakness, with prices 200,000 VND lower than the previous day. In contrast, other retailers like SJC, DOJI, Phu Quy, PNJ, and Bao Tin Manh Hai maintained prices 300,000 VND higher than the prior day, indicating the overall market remained relatively stable despite the afternoon pullback.

The afternoon selloff moderated the early gains, but buying and selling prices across most outlets were still higher than the closing levels of June 16, 2026. Analysts noted that the market was stabilizing after the volatile morning session, with the price gap between buy and sell narrowing to 2 million VND per ounce in many locations. The event highlights continued fluctuation in Vietnam's gold market amid mixed trading signals.