Vietnam Gold Prices: Bảo Tín Minh Châu Up 160,000 VND per Chỉ, PNJ Quotes 14.25M

Overview

Gold prices at Bảo Tín Minh Châu rose 160,000 VND per chỉ on the morning of 6 November 2026, with VRTL 999.9 gold bars quoted at 13.84-14.24 million VND per chỉ (buy-sell). The update, published at 7:00 a.m., includes a cross-brand comparison covering SJC, Doji, PNJ (HOSE) and Phú Quý, and matters for PNJ because it sets the retail gold price band in which the company’s bullion and jewellery margins are struck.

Key Facts

• Bảo Tín Minh Châu VRTL 999.9 gold bars: 13,840,000 VND buy / 14,240,000 VND sell per chỉ at 7:00 a.m. on 6 November 2026, up 160,000 VND per chỉ from the prior morning.
• Thăng Long Dragon Gold jewellery 999.9: 13,640,000 / 14,140,000 VND per chỉ, up 160,000 VND on both sides.
• Plain round rings 999.9 at Bảo Tín Minh Châu matched the bar quote at 13,840,000 / 14,240,000 VND per chỉ.
• SJC 1L, 10L and 1KG gold bars: 13,950,000 / 14,250,000 VND per chỉ; SJC 99.99% rings: 13,800,000 / 14,200,000 VND.
• PNJ quoted SJC 999.9 gold bars at 13,950,000 / 14,250,000 VND per chỉ, PNJ 999.9 plain rings at 13,800,000 / 14,200,000 VND, and 999.9 jewellery at 13,650,000 / 14,100,000 VND.
• Doji quoted SJC bars at 13,950,000 / 14,250,000 VND and Hưng Thịnh Vượng 9999 rings at 13,850,000 / 14,250,000 VND per chỉ.
• Phú Quý quoted SJC gold bars at 13,900,000 / 14,250,000 VND per chỉ.

What Happened

The price table, compiled by the publication from brand quotes at 7:00 a.m. on 6 November 2026, shows Bảo Tín Minh Châu lifting its VRTL bullion and Thăng Long jewellery lines by 160,000 VND per chỉ in both directions. The move places VRTL bars 10,000 VND per chỉ below SJC-branded bullion on the buy side and 10,000 VND below on the sell side, a narrower gap than the brand’s non-SJC positioning might imply.

The comparison table shows the sell-side quotes of Bảo Tín Minh Châu, SJC, Doji, PNJ and Phú Quý clustered within 10,000 VND per chỉ of one another at 14.24-14.25 million VND, while buy-side quotes range from 13.84 million to 13.95 million VND. The article is a daily price bulletin and does not cite a company filing or regulatory announcement; the figures are brand quotations as published at the stated time.

Market Context

PNJ, listed on HOSE, closed at 15,150 VND on 5 November 2026. The share price is a fraction of the per-chỉ gold quote, so the bulletin is relevant to PNJ through retail gold demand and the spread between buy and sell prices rather than through direct bullion valuation. The 400,000 VND per chỉ spread on PNJ’s SJC bars and rings, and 450,000 VND on its 999.9 jewellery, indicate the gross margin band the retail network operates within. The bulletin reflects a market where all major brands moved together, consistent with a common underlying reference rather than brand-specific repricing.

Strategic Significance

For long-term holders of PNJ, the key variable is not the absolute gold price but the stability of the retail spread and the mix between low-margin SJC-linked bullion and higher-margin jewellery. The 6 November table shows PNJ pricing its SJC bars in line with SJC and Doji at 14.25 million VND sell, while its own-brand rings sit 50,000 VND lower and jewellery 150,000 VND lower. That tiering preserves PNJ’s ability to earn more on branded products while remaining competitive on bullion, a structure that supports margin resilience if gold demand rotates toward jewellery. The narrow 10,000 VND gap between Bảo Tín Minh Châu’s VRTL bars and SJC bullion also signals that non-SJC brands are pricing close to the SJC benchmark, limiting the discount risk for holders of alternative bullion products.

What to Watch

• Daily 7:00 a.m. brand quotes from SJC, Doji, PNJ and Bảo Tín Minh Châu to track whether the 10,000 VND per chỉ spread between VRTL and SJC bullion widens or closes.
• PNJ’s next monthly or quarterly retail revenue disclosure for gold bar versus jewellery mix.
• Any State Bank of Vietnam statement on gold market management or SJC bullion production, which would affect the SJC benchmark all brands reference.
• Movement in the buy-side quotes, currently 13.84-13.95 million VND per chỉ, as a signal of scrap-gold supply into the retail network.
• PNJ share price reaction around the 15,150 VND close on 5 November 2026 relative to HOSE retail-sector peers.