Local gold prices record decline

VOV.VN - Gold prices in the Vietnamese market endured a drop on August 16 as they hovered at around VND66 million per tael, following the declining trend occurring in global markets.

This comes as at 8:32 a.m. on August 16 prices of SJC gold at the Saigon Gold and Jewelry Company were being traded at VND65.9 million per tael for the buying rate and VND66.9 million per tael for the selling rate, representing a decline of VND200,000 per tael compared to the rate previously recorded one day earlier.

Simultaneously, DOJI Group also moved to reduce their buying price to VND66.05 million per tael and their selling price to VND67.05 million per tael, thereby marking a decline of VND100,000 and VND50,000 per tael from transactions on August 15.

Elsewhere, Phu Quy Group listed each tael of SJC gold at VND65.9 million for buying and VND66.9 million for selling, a decline of VND100,000 per tael.

In terms of the global market, gold prices decreased slightly by US$20.4 per ounce to reach US$1,779.6 per ounce in the early morning.

Currently, global gold converted into VND is priced at roughly VND50.5 million per tael, approximately VND16.4 million per tael lower than the domestic transaction price.

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Domestic gold prices hit historic fall on global market slump

Domestic gold prices hit historic fall on global market slump

VOV.VN - Domestic gold prices have continued to record historic plunges over the past two days following a sharp fall in the global market.