[News] Update on gold – silver – foreign currency prices on October 3, 2025: Strong fluctuations and impacts on Vietnam’s import–export activities | Singhang Logistics

Gold price on October 3: SJC 135.8–137.8 million, global gold 3,856 USD/oz; silver declines, USD/VND remains stable. Analysis of import–export impacts & solutions from Singhang Logistics.

Summary:

• Global gold prices on the morning of October 3 fell to 3,856 – 3,865 USD/ounce due to heavy profit-taking after a series of gains, yet still hovered near record highs.

• Domestic SJC gold bars dropped by 200,000 VND, trading at 135.8 – 137.8 million VND per tael, remaining about 15 million VND per tael higher than international prices (excluding taxes and fees).

• Doji and PNJ gold prices fluctuated around 136 – 138 million VND per tael, with buy–sell spreads ranging from 2 to 3 million VND per tael.

• Domestic silver prices also declined: Ancarat and Phu Quy listed 999 silver bars down by 450,000 VND/kg, while silver bullion decreased by 10,000 – 20,000 VND per tael.

• The USD/VND exchange rate on October 3, 2025, announced by the State Bank of Vietnam (SBV), stood at 25,162 VND/USD, down slightly from the previous day, within a trading band of ±5%.

• Vietnam Trade: The country’s accumulated import–export turnover over the first nine months surpassed 637 billion USD, indicating that global demand remains resilient despite fluctuations in precious metals and exchange rates.

1. Gold prices on October 3: Domestic market adjusts in line with global trends

SJC gold bars

• The Saigon Jewelry Company (SJC) listed buying and selling prices at 135.8 – 137.8 million VND per tael, down 200,000 VND compared to the closing session on October 2.

• The buy–sell spread remained at 2 million VND per tael.

Doji gold

• Doji Hanoi and Ho Chi Minh City quoted prices at 136 – 138 million VND per tael, up 1.2 million VND from the previous day.

• Doji Hung Thinh Vuong 9999 gold rings were listed at 132 – 135 million VND per tael, with a spread of up to 3 million VND per tael.

PNJ gold

• PNJ gold remained unchanged at 132 – 135 million VND per tael (buy – sell).

Comparison & analysis

Domestic gold prices remain about 15 million VND per tael higher than global prices. This disparity reflects:

• Strong domestic demand for physical gold, particularly among individual investors.

• The impact of taxes, fees, and limited supply from SJC.

2. Global Gold Prices: Technical Correction, Still in Uptrend

• On the morning of October 3 (Vietnam time), global gold prices dropped 8.4 USD to 3,856.4 USD/ounce, following profit-taking after touching a peak of nearly 3,896 USD/ounce earlier this month.

• Some analysts (City Index, Forex.com) commented:

  • Although the market is undergoing a correction, gold could head toward 4,000 USD/ounce by the end of 2025.

  • Supporting factors: a weaker USD, dovish monetary policies, and continued net gold purchases by central banks worldwide.

• Since the beginning of the year, gold has risen more than 40%, potentially marking its strongest annual gain since 1979.

Implications for import–export businesses:

• Gold price increases are often accompanied by higher risk sentiment and USD capital cost fluctuations.

• International trade contracts can be affected by changes in insurance fees, exchange rates, and logistics costs.

3. Silver Prices on October 3: Decline Following Gold, Strong Correction Pressure

Domestic Market

• Ancarat:

  • 999 silver bullion (per tael): 1.80 – 1.85 million VND/tael, down 10,000 VND.

  • 999 silver bars (1 kg): 47.10 – 48.35 million VND/kg, down 450,000 VND.

• Phu Quy:

  • 999 silver bullion: 1.79 – 1.85 million VND/tael, buy price down 20,000 VND.

  • 999 silver bars (1 kg): 47.86 – 49.35 million VND/kg, down 450,000 – 460,000 VND.

• Sacombank–SBJ: Silver bullion priced at 1.81 – 1.85 million VND/tael, unchanged.

Global Market

• Spot silver prices on the morning of October 3 fell to 46.88 USD/ounce, breaking below the 47 USD/ounce support level.

• A slight rebound in the USD made it difficult for silver to surpass the 48 USD/ounce resistance in the short term.

• If consolidation continues, silver could move toward 50 USD/ounce – a key milestone.

Implication: Silver’s decline is steeper than gold’s, reflecting its higher sensitivity to USD fluctuations. Import–export enterprises dealing in metals or silver-based semi-finished products should exercise greater caution in pricing, as silver price swings tend to be extremely steep.

4. USD/VND Exchange Rate on October 3: VND Remains Stable Within Range

• The State Bank of Vietnam (SBV) announced the central exchange rate at 25,162 VND/USD, down 15 VND compared with October 2.

• With a fluctuation band of ±5%, commercial banks are allowed to trade between 23,900 – 26,400 VND/USD.

• In the retail market, actual transactions were recorded at 26.1 – 26.4 thousand VND/USD.

Implications:

• Imports: A stable VND helps reduce conversion costs; however, reverse exchange rate risks still exist for pre-signed USD contracts.

• Exports: Conversion value declines, so exporters should review FX terms carefully to avoid profit erosion.

5. Vietnam’s Trade Maintains Strong Momentum in the First Nine Months of 2025

• As of September 15, 2025, total import–export turnover reached 637 billion USD, including approximately 325.3 billion USD in exports.

• This is a positive signal, indicating that Vietnam continues to benefit from global supply chain linkages, despite strong volatility in gold, silver, and foreign exchange markets.

6. Recommendations for Import–Export Businesses Amid Market Volatility

1. Be proactive with exchange rate terms:

   • Add an FX Adjustment Clause in long-term contracts.

   • Use 30–90 day forward contracts to lock in costs.

2. Secure logistics costs:

   • Book freight early on high-demand routes (U.S. – Europe – East Asia).

   • Negotiate risk surcharges (for war, political tension, or congestion).

3. Balance foreign currency inflows and outflows:

   • If both export and import USD streams exist, establish a natural hedge.

   • In case of timing mismatches, consider FX swaps to avoid capital lock-up.

4. Stay updated on precious metal markets:

   • Importers of metals or semi-finished products should build price fluctuation buffers.

   • Consider shorter quotation cycles to minimize exposure.

Support Services from Singhang Logistics

During a period of economic uncertainty, Singhang Logistics offers:

• Comprehensive import–export consulting: HS codes – taxes – certificates of origin (C/O) – testing – customs declaration.

• Exchange rate risk management solutions: Assistance with forward/swap setup and FX clause consulting in contracts.

• Optimized logistics services: Comparing multiple carriers, locking in freight rates, and managing risk surcharges.

• Cargo insurance support: Advising on suitable insurance packages based on fluctuations in gold, silver, and foreign currency prices.

👉 Enterprises seeking to minimize risks, optimize costs, and ensure operational safety in import–export activities can contact Singhang Logistics for tailored solutions.

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