While the price of SJC-branded gold bullion remained unchanged, 9999 gold ring price in the domestic market rose on October 31 morning following the global gold price trend.
The domestic gold price continued to rise sharply on October 22 morning, of which SJC-branded gold price increased by VND1 million (US$39.4) per tael to VND89 million (US$3,502) per tael for selling.
The price of gold rings Vietnam rose by VND550,000 on October 18 morning to reach a record high of VND85 million per tael, fueled by rising global prices, according to local media reports.
After remaining at VND80 million per tael for four days, SJC gold prices dropped by VND500,000 per tael to VND79.5 million per tael on the morning of July 23.
On the morning of June 1, SJC gold prices continued to decline, dropping by an additional VND2 million per tael as many businesses listed selling prices below VND85 million per tael.
At approximately 10:15 a.m., the selling price of SJC gold bars at the four State-owned commercial banks was listed at VND76.98 million per tael, down by VND1 million per tael from the previous day.
