Infographic: SJC gold bar prices drop by nearly 3 million VND per tael on May 28
Global gold prices continued to plunge on May 28, trading at 4,380.9 USD per ounce. Domestically, SJC gold bar prices fell sharply in line with the global market, being listed at 157.5 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.