Infographic: Gold prices edge lower on November 25
The prices of SJC-branded gold bar fell 0.23% to 86.8 million VND per tael while SJC-branded gold ring price dropped 0.58% to 86.2 million VND per tael on November 25.
Global gold prices jumped on 27 September to 3,758.7 USD per ounce, as easing inflationary pressures in the United States bolstered expectations that the Federal Reserve will continue cutting interest rates. Domestically, SJC bars and rings also posted sharp gains from the previous session, quoted at 135 million VND, 131.5 million VND per tael, respectively.