PNJ Gold Prices on November 9, 2026: SJC Bars at VND 14.1M per Chỉ

Overview

On November 9, 2026, a market survey compiled at 7:00 a.m. compared 9999 gold buy and sell quotes across Bảo Tín Mạnh Hải, Doji, SJC and Vàng Phú Nhuận (PNJ, HOSE). PNJ quoted SJC-branded 999.9 gold bars at VND 13.80 million buy and VND 14.10 million sell per chỉ, identical to Doji and SJC. The comparison matters for PNJ because retail gold pricing is a direct read on the margin environment for its jewelry and bullion business.

Key Facts

• PNJ quoted SJC 999.9 gold bars at VND 13,800,000 buy and VND 14,100,000 sell per chỉ as of 7:00 a.m. on November 9, 2026.
• PNJ’s Nhẫn Trơn PNJ 999.9 and Vàng Kim Bảo 999.9 both stood at VND 13,630,000 buy and VND 14,030,000 sell per chỉ.
• PNJ quoted 999.9 jewelry gold at VND 13,470,000 buy and VND 13,920,000 sell per chỉ.
• Bảo Tín Mạnh Hải’s Kim Gia Bảo Gift 24K was the highest quote in the survey at VND 14,150,000 buy and VND 14,550,000 sell per chỉ.
• Doji quoted 9999 raw material gold at VND 13,000,000 buy and VND 13,200,000 sell per chỉ, the widest relative spread in the table.
• SJC quoted its 5-chỉ bar at VND 14,102,000 sell, VND 2,000 above the 1-lượng bar sell price.
• PNJ shares closed at VND 15,050 on November 8, 2026, per the price context supplied.

What Happened

The article is a routine daily price bulletin rather than a corporate disclosure. It opens by defining 9999 gold as 99.99% pure metal, typically fabricated as bars or plain rings, and then reproduces Bảo Tín Mạnh Hải’s full price board captured at 7:00 a.m. on November 9, 2026. Quotes at that house ranged from VND 12.95 million per chỉ for 999.9 raw material on the buy side to VND 14.55 million per chỉ for the Kim Gia Bảo Gift 24K line on the sell side.

The second half of the article sets Bảo Tín Mạnh Hải against Doji, SJC and PNJ. Across the three national brands, SJC-branded bar pricing converged at VND 13.80 million buy and VND 14.10 million sell per chỉ, with only SJC’s own 5-chỉ bar and 0.3–0.5 chỉ ring quotes deviating by VND 2,000–10,000. PNJ’s branded ring and Kim Bảo products sat VND 70,000 below the SJC bar on both sides of the quote. The article does not state a source beyond the compiled brand price boards and does not disclose trading volumes.

Market Context

PNJ trades on HOSE and closed at VND 15,050 on November 8, 2026. The bulletin contains no volume, foreign-ownership or index data, and the source does not provide prior-day gold quotes, so no day-on-day gold price change can be computed from the article. What the table does show is a compressed VND 300,000-per-chỉ buy-sell spread on SJC bars across PNJ, Doji and SJC, against a VND 400,000 spread on PNJ’s own ring and Kim Bảo lines and VND 200,000 on Doji’s raw material quote. That uniformity is consistent with a retail gold market where brand premia are thin and competition is fought on product mix rather than headline price.

Strategic Significance

For long-term holders, the relevant signal is not the absolute gold level but the structure of PNJ’s quote sheet. PNJ prices SJC bars at the same level as SJC and Doji, which limits differentiation on bullion, while its own branded rings and Kim Bảo carry a VND 70,000 discount to the SJC bar on both buy and sell. That positioning points to PNJ competing on jewelry fabrication and brand rather than on bullion arbitrage, where margins are thin and the product is effectively commoditized. The VND 450,000 gap to Bảo Tín Mạnh Hải’s premium Gift line shows there is room at the top of the market that PNJ is not currently occupying in this survey.

What to Watch

• PNJ’s next monthly or quarterly business update for gold volume and gross margin by product line.
• Whether the VND 300,000 SJC bar spread widens or compresses in subsequent daily surveys.
• State Bank of Vietnam gold market policy announcements, including any change to SJC bar production or import rules.
• PNJ’s own published price board, to confirm the quotes reproduced here against the primary source.
• Foreign-ownership and block-trade filings on HOSE for PNJ around the November 2026 window.