Infographic: Gold ring prices rise to peak on August 28
The domestic prices of SJC-branded gold bars were unchanged at 81 million VND per tael, while SJC-branded gold ring prices rose to the peak of 78.4 million VND per tael on August 24.
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.