Infographic: Domestic gold prices fall sharply on June 2
Global gold prices rebounded on June 2, trading at 4,508.8 USD per ounce. In the domestic market, the price of SJC gold bars fell by 1 million VND per tael, to 157.5 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.