Infographic: Gold prices hold at soaring levels on October 20
Global gold prices on October 20 rebounded to 4,310 USD per ounce. In the domestic market, SJC gold bars rose to 151.5 million VND per tael, while gold rings traded at 150.2 million VND per tael, remaining unchanged from the end of last week.
Global gold prices fell sharply on May 23, trading at 4,506.9 USD per ounce, as rising energy prices put pressure on global inflation, thereby strengthening the possibility that the Fed will keep interest rates high. In the domestic market, SJC gold bars and rings continued to decline, quoted at 161.5 million VND per tael and 161 million VND per tael, respectively.