Infographic: Gold prices of major brands mostly unchanged on May 18
Global gold prices continued to decline on May 18, trading at 4,537.2 USD/ounce. In the domestic market, gold prices of most brands remained unchanged, except for Manh Hai Gold, which fell by 1 million VND/tael.
Global gold prices fell to 3,874.4 USD per ounce on October 31 amid escalating tensions in the Strait of Hormuz, which pushed oil prices higher. In Viet Nam, SJC-branded gold bar and gold ring prices declined sharply in line with the downward trend in the global market, falling to 139 million VND and 135.8 million VND per tael, respectively.