Domestic prices of gold bars and gold rings of various brands soared sharply on January 2. SJC gold bars were listed at 85 million VND/tael while gold rings were traded at 84.6 million VND/tael.
Global gold prices rose on October 23 as investors rushed to bottom-fish after the precious metal had dropped by several hundred USD in recent days, trading at 4,123.6 USD per ounce. In the domestic market, SJC gold bars and rings both reversed course, each increasing by around one million VND per tael, and were listed at 149.5 million VND per tael and 148.7 million VND per tael, respectively.