Saigon Jewelry Company gold bar price dropped to 123.9 million VND (4,724.32 USD) per tael, down 0.4% from the all-time high of 124.4 million VND hit last Friday. Gold ring price slid 0.33% to 119.4 VND million per tael.
Global gold prices rose to 4,182 USD per ounce on October 16 as US Treasury yields declined and the US dollar weakened. In the domestic market, SJC gold bar prices were quoted at 140.9–143.9 million VND per tael on the afternoon of the same day, up 600,000 VND per tael for both buying and selling prices.