Vietnam Gold Price 4 Nov 2026: Doji SJC Bars at VND 14.06M/Tael, PNJ in Focus

Overview

Doji listed SJC gold bars at 13.76-14.06 million VND per tael (mua vào - bán ra) at 7:00 on 4 November 2026, a decline of 60,000 VND per tael on both sides versus the previous morning, according to the daily gold price update. The same report compares Doji quotes with SJC and PNJ (HOSE), placing the listed jewellery and gold retailer at the centre of the domestic bullion pricing picture.

Key Facts

• Doji SJC gold bars: 13,760,000 VND buy / 14,060,000 VND sell per tael at 7:00 on 4 November 2026.
• Change versus the prior morning: down 60,000 VND per tael on both the buy and sell sides.
• Doji Hưng Thịnh Vượng 9999 round rings: 13,550,000 / 13,950,000 VND per tael.
• Doji 9999 raw material gold: 12,900,000 / 13,100,000 VND per tael; 999 raw material: 12,850,000 / 13,050,000 VND.
• SJC brand 1L, 10L and 1KG bars matched Doji at 13,760,000 / 14,060,000 VND per tael; SJC 5-tael bars sold at 14,062,000 VND.
• PNJ SJC 999.9 gold bars were quoted at 13,760,000 VND on the buy side in the comparison table.
• PNJ (HOSE) closed at 14,750 on 3 November 2026.

What Happened

The update, published as a routine daily gold price bulletin rather than a company or regulatory filing, tracked quotes across Doji, SJC, PNJ, Bảo Tín Minh Châu and Bảo Tín Mạnh Hải. At the 7:00 reading on 4 November 2026, Doji’s SJC bar quote stood at 13.76-14.06 million VND per tael, 60,000 VND lower on each leg than the prior morning, while its 9999 round rings traded at 13.55-13.95 million VND per tael.

The comparison table showed SJC’s own 1L, 10L and 1KG bars at the same 13.76-14.06 million VND level as Doji, with SJC 5-tael bars and 99.99% rings priced marginally higher on the sell side at 14.062-14.063 million VND. PNJ’s SJC 999.9 bars appeared at 13,760,000 VND on the buy side. The article also restated the standard definition of 9999 gold as 99.99% pure metal, typically cast into plain rings and bars rather than elaborate jewellery.

Market Context

PNJ trades on HOSE and closed at 14,750 on 3 November 2026. The 60,000 VND per tael decline is small relative to the roughly 14 million VND per tael price level, under 0.5%, and the bulletin frames it as a normal morning-on-morning adjustment rather than a directional break. Domestic gold quotes remain anchored to SJC bar pricing, so brand-level spreads between Doji, SJC and PNJ stay narrow, and the article gives no indication of a shift in the broader Vietnamese market trend beyond routine daily volatility.

Strategic Significance

For long-term holders of PNJ, the relevant signal is the spread structure rather than the daily tick. PNJ’s buy-side quote matching SJC and Doji at 13.76 million VND per tael indicates the retail gold market remains tightly arbitraged across major brands, which limits margin expansion from bullion alone and keeps the earnings thesis centred on jewellery volume, design-led products and store network growth. A 60,000 VND per tael move is too small to alter that thesis; sustained compression in the buy-sell spread or a widening gap between PNJ and SJC pricing would be the more meaningful development.

What to Watch

• Daily Doji, SJC and PNJ quote tables over the coming sessions to see whether the 60,000 VND decline extends or reverses.
• Buy-sell spread behaviour at PNJ versus SJC and Doji, as a read on retail demand and margin.
• PNJ’s next quarterly earnings disclosure for gold bar versus jewellery revenue mix.
• Any State Bank of Vietnam policy signal affecting gold market management or import quotas.
• World gold prices and USD/VND moves, which typically transmit into domestic tael quotes.