Infographic: Domestic and global gold prices surge to new record highs on January 19
Global gold prices rose sharply on January 19, reaching a new record high of 4,661.6 USD per ounce. Domestically, SJC gold bars climbed to a new peak of 165 million VND per tael, while gold rings rose to 162.2 million VND per tael.
Global gold prices fell to 3,874.4 USD per ounce on October 31 amid escalating tensions in the Strait of Hormuz, which pushed oil prices higher. In Viet Nam, SJC-branded gold bar and gold ring prices declined sharply in line with the downward trend in the global market, falling to 139 million VND and 135.8 million VND per tael, respectively.