Infographic: Gold bars and gold rings unexpectedly surge by 2.5 million VND per tael on May 29
Global gold prices on May 29 rose sharply, trading at 4,503 USD per ounce. In the domestic market, SJC gold bars were sold at 160 million VND per 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.