In the domestic market, SJC gold bar and ring prices reversed downward on October 2, trading at 138 million VND per tael and 134.2 million VND per tael, respectively.
Global gold prices on May 5 were trading at 4,534.5 USD per ounce amid rising tensions between the US and Iran, fuelling concerns over escalating inflation. Domestically, SJC gold bars and gold rings both recorded sharp declines, with prices listed at 165 million VND per tael and 164.5 million VND per tael, respectively.