Infographic: Gold ring price declines slightly on August 19
The selling price of SJC-branded gold bar remained unchanged at 80 million VND per tael, while gold ring price fell to 78.2 million VND per tael on August 19.
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.