Infographic: Gold prices surge to historic peaks on April 18
Saigon Jewelry Company-branded gold bar price soared to an all-time high of 120 million VND per tael on April 18, while gold ring price was traded at 117 million VND 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.