Infographic: Global gold prices continue to rise, domestic prices remain high on July 19
Global gold prices on July 19 continued to increase amid a weakening US dollar, trading at 3,350.6 USD/ounce. Domestically, SJC gold bars stood at 121 million VND per tael, while SJC gold rings were listed at 116.7 million VND per tael.
Global gold prices posted a second straight week of gains following a sharp decline, closing the week at 4,676 USD per ounce. Most analysts expect prices to move sideways, while retail investors remain optimistic about the precious metal’s short-term outlook. Meanwhile, SJC gold bars ended the week at 174.5 million VND per tael.