The price of SJC gold bars dropped by half a million VND per tael, trading at 85 million VND per tael while price of gold rings fell to 84 million VND per tael on December 6.
Global gold prices continued to fall sharply on September 29, dropping to 4,158.1 USD per ounce as a strong rise in crude oil prices raised concerns over global inflationary pressures. In Viet Nam, SJC gold bar and ring prices also fell sharply, traded at 142.5 million VND per tael and 142 million VND per tael, respectively.