Gold Price Drops to VND14.69 Million Per Tael

Yesterday, a tael of SJC gold cost VND14.69 million, down from the last week’s close by VND 100,000 a tael.  

While the world gold price sagged to its lowest rate at US $758 an ounce during the last two weeks, the domestic rate experienced a slight drop, and then a sharp rise on October 18, 19, and 20.

The current world price for an ounce of gold is now US $11 higher than that of last month, whereas, during the same time frame,  the domestic price for a tael of SJC gold increased by VND430,000.

In the last two days, the sale and purchase volume of gold bars were reported as nearly equal. 

By Thien Ngan – Translated by Phuong Lan

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