SJC gold bars and rings plunge, down nearly 10 million VND per tael on January 30
Global gold prices plunged on January 30, trading at around 5,268 USD per ounce. Domestically, SJC gold bar prices fell by 9.5 million VND to 180.1 million VND per tael.
Global gold prices rebounded on June 5, trading at 4,445.8 USD per ounce, as the US dollar and US Treasury yields weakened and oil prices fell sharply, easing inflation concerns. In the domestic market, gold prices across major brands declined for a fifth consecutive trading session, with buying and selling prices ranging between 151.4 million VND and 154.4 million VND per tael, narrowing the gap between domestic and international gold prices.