Gold prices today (October 18): Domestic gold prices continue to fall. - Vietnam.vn

AI desk brief

Vietnam domestic gold bar prices fell 300,000 VND/oz across SJC, Bao Tin Manh Hai, PNJ and DOJI, with bars quoted at 140.6-143.6 million VND/oz and Phu Quy at 140.0-143.6 million VND/oz. Domestic gold rings also declined across brands, while the local silver market was quoted at 1.751-2.051 million VND/oz depending on venue.

On the global market, gold was quoted at $4,166.1/oz and silver at $56.84/oz, down $0.39. BlackRock’s Kristy Akullian said gold and silver remain structurally supported by rising public debt, safe-haven demand amid geopolitical instability, and, for silver, industrial demand from electronics, solar and semiconductors; she cited over 60% of annual silver consumption tied to industrial uses and about 445 million oz/year used by electronics.