PNJ Gold Price 31/10/2026: SJC Bars at VND 14.14M, Ring Gold VND 14.00M

Overview

PNJ (Vàng Phú Nhuận, HOSE) quoted SJC gold bars at VND 13.84–14.14 million per chỉ and PNJ-branded 999.9 ring gold at VND 13.60–14.00 million per chỉ in the 31/10/2026 morning survey compiled by Công ty TNHH Vàng Mi Hồng. The quotes sit within a market where SJC-brand bars trade at the same VND 13.84–14.14 million band across SJC, Doji and PNJ, while non-SJC ring products cluster around VND 13.60–14.02 million.

Key Facts

• PNJ SJC gold bar 999.9: buy VND 13,840,000 per chỉ, sell VND 14,140,000 per chỉ, a VND 300,000 spread.
• PNJ Nhẫn Trơn 999.9 and Vàng Kim Bảo 999.9: buy VND 13,600,000, sell VND 14,000,000 per chỉ, a VND 400,000 spread.
• PNJ gold jewellery 999.9: buy VND 13,350,000, sell VND 13,800,000 per chỉ.
• Mi Hồng quoted SJC 9999 at VND 13,830,000–13,980,000 per chỉ at 7am on 31/10/2026, a VND 150,000 spread.
• SJC-brand bars at SJC and Doji matched PNJ at VND 13,840,000–14,140,000 per chỉ.
• Bảo Tín Minh Châu ring gold quoted VND 13,620,000–14,020,000; Phú Quý ring gold VND 13,700,000–14,000,000.
• PNJ shares closed at VND 15,500 on 30/10/2026 on HOSE.

What Happened

The figures come from a daily gold price round-up published on 31/10/2026, based on a survey taken at 7am that morning. The article tabulates buy and sell quotes per chỉ (one-tenth of a lượng) across Mi Hồng’s own product range and compares them with SJC, Doji, PNJ, Bảo Tín Minh Châu, Bảo Tín Mạnh Hải and Phú Quý. No company filing or regulatory announcement is cited; the source is the publication’s own market survey.

For PNJ specifically, the survey shows the company pricing SJC bars in line with the two state-linked and largest private brands, while its own branded ring and Kim Bảo products carry a VND 140,000 per chỉ discount to SJC bars on the sell side. The buy-sell spread on PNJ’s branded rings (VND 400,000) is wider than on SJC bars (VND 300,000), consistent with the higher fabrication and buyback risk on non-SJC products. The article does not disclose volumes, revenue contribution, or PNJ’s own official opening price.

Market Context

PNJ trades on HOSE and closed at VND 15,500 on 30/10/2026. The gold quotes in this survey are retail counter prices, not the company’s equity valuation, and the article provides no prior-day comparison, so the direction of the move is not established. The structural feature of the Vietnamese gold market visible here is the persistent premium of SJC-brand bars over 999.9 ring gold from private brands — roughly VND 140,000 per chỉ on the sell side — which reflects the SJC brand’s quasi-official status rather than any difference in underlying metal purity.

Strategic Significance

For long-term investors in PNJ, the relevant signal is the spread structure rather than the absolute price. PNJ’s gold trading and jewellery segments earn on fabrication and on the buy-sell spread; a VND 400,000 spread on branded rings versus VND 300,000 on SJC bars indicates where margin sits. The wider gap between SJC bars and private ring gold also matters competitively: if that premium persists, demand for PNJ’s own branded products depends on design, trust and buyback convenience rather than on price parity with SJC. The article does not quantify how much of PNJ’s revenue comes from gold trading versus jewellery manufacturing, so the read-through to earnings is indirect.

What to Watch

• PNJ’s official daily gold price board, to confirm the quotes attributed to it in third-party surveys.
• The SJC-versus-ring-gold premium over coming sessions; a narrowing would signal shifting retail demand.
• PNJ’s next quarterly earnings disclosure for the revenue split between gold trading and jewellery.
• State Bank of Vietnam gold market policy announcements, which have historically moved the SJC premium.
• World gold prices and USD/VND, the two external inputs that drive domestic quotes.