Infographic: SJC gold bars continue to reach new peaks on August 25
Global gold prices on August 25 edged down to 3,365.3 USD per ounce. Domestically, SJC gold bars have continuously hit new record highs, trading close to 127 million VND per tael, while SJC rings rose to 121.3 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.