Infographic: Gold prices unexpectedly fall on September 24
Branded gold bars reversed course, dropping by 200,000 VND per tael on September 24, with buying prices at 132.8 million VND per tael and selling prices at 134.8 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.