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 on January 31 continued to plunge, trading at 4,882.5 USD per ounce, as investors rushed to sell and lock in profits after a sharp rally. In Viet Nam, prices of SJC gold bar and rings also dropped by around 9 million VND per tael, quoted at 172 million VND per tael and 171 million VND per tael, respectively.