Infographic: Domestic gold prices hold steady as global rates decline on July 25
Global gold prices on July 25 declined to 3,360 USD per ounce. Domestically, SJC gold bar prices remained unchanged, trading at 121.7 million VND per tael, while SJC gold rings also held steady at 117.5 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.