Key Takeaways
- SJC gold dropped 900,000 VND/tael on April 13, selling at 171.5 million VND/tael
- World gold fell below $4,650/oz (down $80+) after Iran nuclear talks collapsed
- SJC, DOJI, PNJ all reported price drops as investors panicked
- Vietnam gold premium vs. world remains high at ~$1,100/oz (~19%)
- State Bank of Vietnam continues market stabilization measures
Gold Prices — April 13, 2026
| Gold Type | Buy (M VND/tael) | Sell (M VND/tael) | Change | % |
|---|---|---|---|---|
| SJCSJC Gold Bars | 168.5 | 171.5 | −0.9M VND | −0.52% |
| DOJIDOJI Gold Bars | 168.3 | 171.3 | −0.9M VND | −0.52% |
| PNJPNJ Gold Bars | 168.5 | 171.5 | −0.9M VND | −0.52% |
| World Gold (converted) | ~$4,645/oz | −$80+ | −1.7% |
Source: Phụ Nữ Today, Vietnam.vn — April 13, 2026, end of session prices
Photo: Phụ Nữ Today
Why Did Gold Crash?
Trading on April 13, 2026 saw SJC gold drop 900,000 VND/tael, with buying price at 168.5 million and selling price at 171.5 million VND/tael. This marks the second consecutive decline after last week's peak of 172.4 million VND/tael.
The primary driver was world gold falling sharply below $4,650/oz, down more than $80 in the session, after Iran nuclear talks collapsed over the weekend. This event triggered risk-off selling across global commodity markets, with gold sold heavily as investors moved to cash.
Chain of events:
- Iran nuclear talks collapse (weekend April 11-12)
- Asian markets open in panic (morning April 13)
- World gold loses $80+, falls below $4,650/oz
- SJC, DOJI, PNJ all adjust down 900,000 VND/tael
World Gold Analysis
World gold traded around $4,645/oz on April 13, down sharply from the $4,730/oz peak earlier in the previous week. This decline occurred amid a strengthening US dollar as the greenback gained safe-haven demand, alongside investors rotating into US Treasuries as Iran tensions escalated.
According to Invest Vietnam, domestic gold prices have fallen a total of 1.5 million VND in April 2026, reflecting the international market downtrend. Analysts suggest selling pressure may continue if the geopolitical situation does not improve.
The Iran Connection — Geopolitical Shockwave
The collapse of Iran nuclear negotiations — with Tehran rejecting Western conditions on uranium enrichment — triggered sell-offs across multiple asset classes. While gold typically serves as a safe haven during instability, this time cash assets (USD, Treasuries) were preferred due to fears of military escalation at the Strait of Hormuz.
Impact on gold:
Down $80+
Up 0.8%
Up $5/barrel
Yields down
Read more: Iran and the Strait of Hormuz — Strategic Analysis
Photo: Phụ Nữ Today
How Much Did You Lose?
If you hold SJC gold, here is your estimated loss from the April 13 session. Enter your holdings to calculate:
How much did you lose?
Value lost on Apr 13 session:
−4.5M VND
Based on SJC selling price drop of 900,000 VND/tael on April 13, 2026
Gold Price Timeline — April 2026
SJC gold hits 172.4M VND/tael
SJC gold reached the weekly peak at 172.4 million VND/tael, supported by US tariff concerns and a weakening US dollar.
Holding 5 SJC taels, your assets peaked at ~862 million VND
Gold starts declining, loses 400,000 VND/tael
Monday session saw increased selling pressure as world gold dropped 1.2% on expectations the Fed would hold rates.
5 SJC taels lost ~2 million VND in the session
SJC drops 900,000 VND/tael — steepest fall of the month
Iran talks collapse triggers global sell-off. World gold falls below $4,650/oz. SJC, DOJI, PNJ all cut prices simultaneously.
5 SJC taels lost ~4.5 million VND in a single session
Outlook
ZestLab analysis: Gold prices are expected to remain highly volatile through the second half of April 2026 due to multiple converging factors:
Iran talks
If they continue to fail, military escalation risk at Hormuz could push oil higher, but gold may continue being sold for USD
Fed policy
Expectation of Fed holding rates at 5.25% through Q2/2026 makes gold less attractive vs. bonds
US tariffs
US-China-EU trade tensions may support gold as a medium-term safe haven
State Bank
SJC supply-demand stabilization measures may help narrow the premium gap
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