Hanoi, Nov. 28 – Gold prices in Vietnam have seen a significant drop, reflecting a downward trend in international markets.
On November 28, Saigon Gold and Jewelry Company (SJC) adjusted its prices, with buying prices for 9999 gold rings falling by VND2.4 million, now priced at VND82.4 million per tael. The selling price decreased by VND1.9 million, now standing at VND84.5 million per tael.
Meanwhile, Phu Quy Gold, Silver, and Gemstone Group announced a drop of VND1.3 million for buying and VND1.2 million for selling, with the buying price at VND82.4 million per tael and the selling price at VND84.6 million per tael. For 9999 gold rings, Phu Quy set the buying price at VND83.1 million per tael and the selling price at VND84.6 million.
At the same time, Saigon Gold, Phu Nhuan Jewelry Joint Stock Company (PNJ), and DOJI Group all reported the same prices for SJC-branded gold bars. The buying price was set at VND82.8 million per tael, and the selling price at VND85.3 million per tael, reflecting drops of VND1.8 million and VND1.3 million, respectively.
State-owned banks, including Vietcombank, VietinBank, Agribank, and BIDV, listed the selling price for SJC gold at VND85.3 million per tael, a decrease of VND1.3 million from previous rates.
In the international market, the Kitco gold spot price for gold fell to US$2,624.3 per ounce on the evening of November 25, marking a decrease of US$91.6 per ounce from the previous trading session. On November 26, gold was purchased at US$2,626.2 per ounce, or approximately VND80.7 million per tael in Vietnamese terms. This price is lower than domestic SJC gold by around VND4.6 million per tael and VND3.9 million per tael for 9999 gold rings.
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