SJC Gold Price in Phu Quy Market: April 30 Update

Gold prices in Vietnam remained stable on the morning of April 30, 2026, according to Phu Quy Jewelry Group. SJC gold was traded at between 163 million and 166 million Vietnamese Dong (VND) per tael, unchanged from the previous morning’s trading, as reported by Vietnam.vn.

The stability follows a recent trend of decreasing gold prices, with many major businesses including SJC, Doji, and Bao Tin Minh Chau reducing prices by 1.5 million VND per ounce for both buying and selling on April 29th, as Bao Nganhean reported.

Global Gold Prices Decline

The relative stability in the Vietnamese market contrasts with a global decline in gold prices. According to Kitco, the spot price of gold in the world market was $4,540.9 USD per ounce at 5:00 AM Vietnam time on April 30, 2026, down $54 USD (-1.18%) from the previous day. Converted using a Vietcombank exchange rate of 26,368 VND/USD, this equates to approximately 144.36 million VND per ounce, excluding taxes, and fees.

This places genuine SJC gold bars approximately 21.67 million VND per ounce higher than the converted world price. The global downturn marks the third consecutive session of falling prices, driven by concerns about inflation and anticipation of a decision regarding interest rates from the US Federal Reserve.

Market Pressures and Investor Caution

Investors are remaining cautious ahead of potential policy signals from the Fed. Spot gold prices fell 1.1% to their lowest level in a month, and US gold futures also dropped to $4,555.7 per ounce. Jim Wyckoff from Kitco Metals noted that the market is adjusting its positions in anticipation of the Fed meeting.

“The market is adjusting its positions ahead of the Fed meeting.”

Jim Wyckoff, Kitco Metals

Rising US bond yields and increasing oil prices are contributing to concerns about rising inflation, which typically has an unfavorable impact on gold. While gold is often considered a safe haven against inflation, rising interest rates make it a less attractive investment as it does not yield interest, leading investors to favor assets with higher returns.

Geopolitical Factors and Oil Prices

Geopolitical tensions in the Middle East continue to influence market dynamics. Former President Donald Trump is reportedly urging Iran to reach an agreement soon, amid concerns that the US may extend its sanctions, potentially disrupting energy supplies. This has led to a surge in oil prices, with Brent crude reaching a one-month high, while US bond yields have also edged higher.

Specifically, DOJI listed the price of gold rings at 162.5-165.5 million VND/tael (buying – selling), down 2 million VND/tael in both buying and selling directions as of 6:00 AM on April 30, 2026. Bao Tin Minh Chau listed the price of gold rings at 163-166 million VND/tael (buying – selling), down 1.5 million VND/tael in both buying and selling directions. Phu Quy Gold and Gems Group listed the price of gold rings at 162.5-165.5 million VND/tael (buying – selling), down 1.5 million VND/tael in both buying and selling directions, according to Laodong.vn.

The difference between buying and selling prices for both SJC gold bars and gold rings remains at 3 million VND/tael across most businesses.