Infographic: Domestic gold prices gain as global rates rise
Domestic gold bar price rose 0.33% to 90.6 million VND per tael on February 17 as global bullion rates increased. Gold ring price also gained 0.33% to 90.4 million VND per tael.
Global gold prices fell sharply on May 23, trading at 4,506.9 USD per ounce, as rising energy prices put pressure on global inflation, thereby strengthening the possibility that the Fed will keep interest rates high. In the domestic market, SJC gold bars and rings continued to decline, quoted at 161.5 million VND per tael and 161 million VND per tael, respectively.