Infographic: Domestic gold prices jump as world gold rebounds
Domestic gold prices on September 16 increased by 1.2 million VND per tael from yesterday for both buying and selling as world gold prices recovered past 4,330 USD per ounce.
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.