Infographic: Gold prices surge on first official trading day after Tet holiday
Global gold prices on February 23 climbed sharply to 5,140 USD per ounce as markets in several Asian countries reopened following the Lunar New Year holiday. In Viet Nam, domestic gold bar prices soared to 184.6 million VND per 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.