Infographic: SJC gold falls to 171.2 million VND per tael on April 16
Domestic SJC gold prices fell by more than 3 million VND per tael on the afternoon of April 16, and were quoted at 167.7-171.2 million VND per tael (buying-selling), while SJC listed gold ring prices at 167.2-170.7 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.