Gold prices continued to fall today, October 22, 2026, despite the continued presence of long-term supporting factors. What should domestic buyers be aware of? - Vietnam.vn

AI desk brief

Vietnam domestic SJC gold prices fell again on Oct. 21, with bars down about 300,000-500,000 VND/oz across major retailers; SJC and PNJ were quoted at 139.3-142.3 million VND/oz, while Bao Tin Minh Chau was as low as 138.1 million VND/oz bid. The article also notes gold rings eased to 137.4-140.9 million VND/oz at SJC, and buyers who entered at the late-January 2026 peak of 191.3 million VND/oz could now be sitting on losses of up to 52 million VND/oz.

On the global side, spot gold on Kitco was 4,119.9-4,121.9, down $4.2 as rising oil prices and persistent inflation kept the market focused on tighter-for-longer Fed risk; CME FedWatch showed only a 15% chance of a hike at the Oct. 27-28 meeting and 90% odds for December. CIBC cut its 4Q26 gold forecast to $4,500/oz from $6,500, but still expects central-bank buying to stay supportive, citing 345t purchased in H1 2026 and 289t in Q2 alone.