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 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.