Infographic: Domestic gold prices rebound as global prices decline on May 4
Global gold prices on May 4 continued to fall, trading around 4,600 USD per ounce. Domestically, gold prices rose across the board in contrast to global trends, with selling prices of SJC gold bars reaching 166.6 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.