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 fell sharply on the afternoon of September 28, trading at 4,150 USD per ounce amid rising US Treasury yields, the Fed’s tight interest-rate policy, and concerns over inflation, energy prices and geopolitical tensions. In the domestic market, SJC gold bars “shed” 2 million VND, with selling prices standing at 142.4 million VND per tael.