On the open market, gold at the Bao Tin Minh Chau Gold and Gemstones Company cost VND17-17.200 per teal.

The falling price of domestic gold is attributed to a sharp drop in global gold prices after experiencing abrupt increases earlier.

Meanwhile, gold on the international market dropped by US$28.3 to US$849.2 per ounce, a record low in the past four months.

Economic experts have predicted that domestic gold prices are likely to slump further in the next few days.