Infographic: Gold prices rise as global rates drop
Vietnam gold bar price gained 0.33% to VND92 million (3,610.53 USD) per tael on February 24 as global bullion rates declined. Gold ring price increased by 0.44% to VND91.8 million per tael.
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.