Infographic: Gold bar and ring prices hit record on January 23
Global gold prices on January 23 surged to a new record high of 4,913.2 USD/ounce. Domestically, SJC gold bar prices climbed to a new peak of 172.2 million VND/tael, while gold ring prices reached 170.8 million VND/tael.
Global gold prices fell to 3,874.4 USD per ounce on October 31 amid escalating tensions in the Strait of Hormuz, which pushed oil prices higher. In Viet Nam, SJC-branded gold bar and gold ring prices declined sharply in line with the downward trend in the global market, falling to 139 million VND and 135.8 million VND per tael, respectively.