Vietnam gold price gained slightly on May 10. Saigon Jewelry Company gold bar increased by 0.41% to 122 million VND (4,696.19 USD) per tael. Gold ring was steady at 117 million VND per tael.
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.