Following the downward trend of global gold prices, domestic gold prices also declined sharply on October 24 afternoon. SJC gold bars were traded at 148.5 million VND per tael, down 1.3 million VND from the morning session and 1 million VND compared to yesterday's closing price.

In the domestic market, SJC-branded gold bars followed the global downtrend on October 22, trading at 148.5 million VND per tael, while gold rings were quoted at 146.5 million VND per tael.

Global gold prices dropped sharply on October 18 to 4,246.8 USD per ounce, following a wave of profit-taking by investors and the strengthening of the US dollar. In Viet Nam, both SJC gold bars and rings fell steeply, losing 2 million VND per tael, with prices listed at 151 million VND per tael and 150.2 million VND per tael, respectively.

In Vietnam’s domestic market, SJC-branded gold bars surged sharply to 152.2 million VND per tael, while gold rings nearly caught up, reaching 151.5 million VND per tael.

Domestic gold bar and ring prices saw an increase, trading at 118 million VND per tael and 114.4 million VND per tael, respectively.