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.
World gold prices on January 22 “plunged” after reaching a record high of 4,888 USD per ounce, falling to 4,796.2 USD per ounce amidst massive profit-taking by investors. Domestically, the prices of gold bars and SJC gold rings simultaneously dropped sharply, listed at 168.7 million VND per tael and 167.1 VND million per tael respectively.