Infographic: Gold rings hit record high on October 21
Global gold prices on October 21 remained at elevated levels, trading at 4,297.6 USD per ounce. In the domestic market, SJC gold bars and rings surged sharply, quoted at 153.9 million VND per tael and 153.3 million VND per tael, respectively.
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.