Infographic: Gold prices hit new highs, trading close to 129 million VND per tael on August 29
On August 29, global gold prices surpassed 3,400 USD per ounce. Domestically, SJC gold bars hit a new peak, trading close to 129 million VND per tael, while SJC gold rings rose to 123.1 million VND per tael.
In recent days, amid concerns over rising petrol and oil prices and the possibility of supply disruptions, people in many localities rushed to purchase and stockpile fuel, causing a sudden surge in demand within a short period. However, after retail petrol and oil prices were adjusted on March 7, the stockpiling situation has eased.