SJC gold falls VND1.4 million to VND139.5 million per tael on 11 November as US inflation data weighs on world gold

At the opening of trading on the morning of 11 November 2026, domestic gold bar prices fell across the board. Saigon Jewelry Company (SJC) quoted SJC gold bars at VND136.5 – 139.5 million per tael (buying – selling), down VND1.4 million per tael from the previous close and back below the VND140 million mark.

Moves at the dealers

According to VietnamPlus, by 9:15 a.m. SJC and Doji both quoted SJC gold at VND136.5 – 139.5 million per tael, and Phu Quy traded at the same level. At Bao Tin Minh Chau, gold rings fell VND1.3 million per tael to VND135.5 – 139.5 million.

The declines were uneven. According to Thanh Nien, ACB cut its SJC gold bar price by VND1 million to VND138.5 – 141 million per tael, while Mi Hong cut VND500,000 to VND138.5 – 140 million. Dealers kept the buy–sell spread at VND3 – 4 million per tael.

World gold pressured by US inflation

The main driver came from abroad. According to the US Department of Labor, the October consumer price index (CPI) rose 0.4% on a seasonally adjusted basis; Bnews said that was above the 0.3% forecast. Hotter-than-expected inflation pushed US Treasury yields higher: according to Thanh Nien, the 10-year yield briefly topped 5% and the 2-year traded near 4.725%.

Against that backdrop, world gold reversed lower. Thanh Nien reported gold losing US$117 an ounce, from US$4,147 to US$4,030; according to VietnamPlus, converted at Vietcombank's exchange rate, the world price was equivalent to about VND125.7 million per tael. The same day, the State Bank of Vietnam set the central exchange rate at VND25,611 per US dollar, up 11 dong from the previous session.

What it means for households and investors

Gold is a familiar store of value for many households, but this morning's move shows domestic prices remain sensitive to US economic data, yields and the exchange rate. A buy–sell spread of VND3 – 4 million per tael is also a significant cost for short-term trading. Watching world prices, the exchange rate and State Bank policy together helps buyers make more considered decisions rather than chasing intraday swings.

Key takeaways

• On 11 November morning, SJC gold bars fell VND1.4 million to VND136.5 – 139.5 million per tael; Bao Tin Minh Chau gold rings fell VND1.3 million.
• US October CPI rose 0.4%, above forecast, lifting Treasury yields and pushing world gold sharply lower.
• Domestic buy–sell spreads stayed at VND3 – 4 million per tael.