Vietnam Gold Price 1 Nov 2026: PNJ 9999 Rates vs SJC, Doji and Bao Tin Manh Hai
This Aveluro analysis covers PNJ on HOSE in the Personal & Household Goods sector. The classified event type is commodity move, with neutral sentiment and a deterministic market-impact score of 5.0/10. Source coverage came from CafeF - Thị trường chứng khoán, classified as a primary/top-tier source.
Key Facts
Caveat: Not investment advice. · How Aveluro computed this: Aveluro combines extracted event facts, source credibility, ticker context, and market data. Scores are deterministic research signals, not recommendations.
Overview
Gold priced in Vietnam on 1 November 2026 showed SJC-branded bars quoted at VND 13.60-13.90 million per chi across SJC, Doji and PNJ (HOSE), while plain 9999 rings and jewellery traded roughly VND 240,000 per chi lower. The daily price tables, compiled at 7h30, matter for PNJ because the spread between branded bullion and unbranded ring products drives both transaction volumes and gross margin at its retail network.
Key Facts
- PNJ quoted SJC 999.9 gold bars at VND 13,600,000 buy / VND 13,900,000 sell per chi at 7h30 on 1 November 2026.
- PNJ’s Nhan Tron 999.9 and Kim Bao 999.9 products were listed at VND 13,360,000 buy / VND 13,760,000 sell per chi.
- PNJ jewellery 999.9 was quoted at VND 13,050,000 buy / VND 13,500,000 sell per chi.
- SJC itself quoted 1-luong, 10-luong and 1kg bars at VND 13,600,000 / VND 13,900,000, and SJC 99.99% rings at VND 13,180,000 / VND 13,580,000.
- Doji listed SJC bars at VND 13,600,000 / VND 13,900,000 and its Hung Thinh Vuong 9999 rings at VND 13,400,000 / VND 13,800,000.
- Bao Tin Manh Hai quoted 9999 products from VND 12,500,000 to VND 14,280,000 per chi depending on product type, with raw 999.9 material bought at VND 12,590,000.
- Bao Tin Minh Chau quoted its VRTL bars and plain rings at a uniform VND 13,380,000 / VND 13,780,000 per chi.
What Happened
The price tables, published as a daily market update on 1 November 2026, set out buy and sell quotes per chi for 9999 gold (also called 24K or gold ta, at 99.99% purity) across five major Vietnamese brands. At Bao Tin Manh Hai, the widest range ran from VND 12,590,000 per chi for raw 999.9 material on the buy side to VND 14,280,000 for the Kim Gia Bao Gift 24K product on the sell side. The article attributes the figures to brand price boards captured at 7h30.
For PNJ, the table separates three product lines: SJC-branded bars, the company’s own Nhan Tron and Kim Bao 999.9 pieces, and 999.9 jewellery. The SJC bar quote matches SJC and Doji exactly at VND 13,600,000 / VND 13,900,000, reflecting the reference pricing that applies to the licensed SJC brand. PNJ’s own branded 999.9 products sit VND 240,000 per chi below the SJC bar on both sides of the quote, and jewellery sits a further VND 310,000 lower on the buy side. The article does not disclose trading volumes or revenue.
Market Context
PNJ trades on HOSE and closed at VND 15,500 on 31 October 2026. The company sits in the personal and household goods sector, where gold retail is the dominant revenue line and where the gap between raw material cost and branded retail pricing determines margin. The 1 November tables show a market where SJC bars command a consistent premium over plain rings across all five brands, a structure that has persisted through 2026 and that shapes how much of PNJ’s volume flows into bars versus rings and jewellery.
Strategic Significance
The relevant thesis for long-term holders is product mix, not the daily quote. PNJ earns more per chi on branded rings and jewellery than on SJC bars, where the licensed brand and reference pricing compress the spread. A market where SJC bars trade VND 240,000 per chi above PNJ’s own 999.9 rings means the company’s margin depends on how much demand shifts toward its own branded lines. The uniform VND 13,380,000 / VND 13,780,000 quote at Bao Tin Minh Chau and the matching Kim Gia Bao level at Bao Tin Manh Hai show competitors pricing own-brand 9999 at the same tier, so PNJ’s differentiation rests on network, trust and design rather than price.
What to Watch
- PNJ’s fourth-quarter 2026 results, which will show whether retail gold volumes held through the year-end wedding season.
- Any change in the SJC bar premium over plain 9999 rings, which signals shifts in demand between product lines.
- State Bank of Vietnam gold market policy announcements, including any move on the SJC brand monopoly or gold import quotas.
- World gold prices and USD/VND movements, which feed directly into domestic raw material costs.
- Monthly PNJ disclosures on store count and revenue per store.