Infographic: Gold prices remain at high levels on November 17
Global gold prices on November 17 edged down to 4,063.2 USD from their three-week peak. Domestic SJC gold bars and rings held steady at high levels, trading at 151 million VND per tael and 149 million VND per tael, respectively.
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.