Saigon Jewelry Company gold bar price increased by 300,000 VND to VND87.3 million per tael on January 17. Gold rings also went up to VND86.7 million per tael.
Global gold prices on January 31 continued to plunge, trading at 4,882.5 USD per ounce, as investors rushed to sell and lock in profits after a sharp rally. In Viet Nam, prices of SJC gold bar and rings also dropped by around 9 million VND per tael, quoted at 172 million VND per tael and 171 million VND per tael, respectively.