Gold prices fell sharply across the board this afternoon, December 2, 2025.
Gold prices this afternoon, December 2nd, 2025, dropped sharply by 600,000 VND/ounce across many brands after reaching a record high yesterday.
Domestic gold price movements on December 1st: Sharp increase followed by a reversal.
At the start of trading on December 1st, SJC gold bars increased by 800,000 VND/ounce compared to the end of the week, reaching a record high of 153.7 - 155.7 million VND/ounce for buying and selling respectively. However, by early afternoon, gold prices uniformly decreased by 500,000 VND/ounce.
At the close of trading, SJC gold settled at 153.2 - 155.2 million VND/ounce, still 300,000 VND/ounce higher than the price on November 30th.
Gold prices fell sharply this afternoon, December 2nd, at major retailers.
As of 11:00 AM today, December 2nd, 2025, the price of SJC gold bars continued its sharp downward adjustment, following yesterday's afternoon decline. Specifically:
DOJI Group listed the price of gold this morning at 152.6 - 154.6 million VND/ounce (buying price - selling price), a decrease of 600,000 VND/ounce in both directions.
Bao Tin Minh Chau listed the price of SJC gold this morning at 153.1 - 154.6 million VND/ounce, also down 600,000 VND/ounce in both buying and selling prices.
Phu Quy Gold and Gemstone Group listed the price of SJC gold this morning at 151.6 - 154.6 million VND/ounce, a decrease of 600,000 VND/ounce in both buying and selling prices.
The difference between the buying and selling price of gold remains high, ranging from 1.5 million to 3 million VND per tael depending on the brand.
This large buy-sell spread increases the risk for individual investors. Those with a short-term trading mindset need to carefully consider their options before investing.
The price of gold rings also dropped sharply this afternoon, following the drop in price of gold bars.
The price of gold rings is also following the general downward trend of the gold market today.
DOJI Group listed the price of gold rings at 150.6 - 153.6 million VND/ounce, a decrease of 600,000 VND/ounce in both buying and selling prices.
Bao Tin Minh Chau listed the price of gold rings at 151.5 - 154.5 million VND/ounce, a decrease of 500,000 VND/ounce in both buying and selling prices.
Phu Quy Gold, Silver and Gemstone Group listed the price of gold rings at 150.6 - 153.6 million VND/ounce, a decrease of 600,000 VND/ounce in both buying and selling prices.
The buy-sell spread for gold rings remains at 3 million VND/ounce at most brands.
World gold prices this afternoon, December 2, 2025
On the international market, at 11:00 AM, the price of gold this afternoon was recorded at $4,220.41 per ounce, down 0.43% compared to yesterday.
International stocks traded poorly, while many forecasts suggested the US market could experience a sharp decline at the New York open. Tensions from the Japanese bond market also put pressure on global investor sentiment as the new month began.
The volatile price of gold, coupled with the weakening of the stock market, has led investors to continue seeking safe-haven assets, supporting the continued high price of gold.
