Infographic: Gold bar and ring prices drop sharply on July 24
Domestically, the prices of both SJC-branded gold bars and rings saw a sharp drop, trading at 122 million VND per tael and 117.5 million VND per tael respectively.
Global gold prices surged on September 19 to 4,377 USD per ounce, driven by strong bargain-hunting and rising demand for the precious metal as a safe-haven asset. Domestically, prices for SJC gold bars and gold rings remained unchanged, quoted at 147.6 million VND/tael and 147.1 million VND/tael, respectively.