SJC gold bars decreased by 200,000 VND per tael in the selling price, dropping below the 86 million VND mark meanwhile the price of gold rings remained unchanged.
Global gold prices soared on October 11 after the US President announced an additional 100% tariff on Chinese goods, with gold trading at 4,016.4 USD per ounce. In the domestic market, SJC gold bars and rings rebounded strongly, quoted at 142.8 million VND per tael and 139.5 million VND per tael, respectively.