SJC-branded gold bars were sold at VND155.6 million ($5,916) per tael on December 16, down VND1.6 million ($60.8) from the previous day.

Gold prices in Vietnam fell sharply on December 16 after
hitting a historic high of more than VND157 million ($5,969) per tael in the
previous session.

SJC-branded gold bars were sold at VND155.6 million ($5,916) per
tael, down VND1.6 million ($60.8) from the day before, while buying prices
also declined by the same amount to VND153.6 million ($5,000) per tael.

One tael equals 37.5 grams, or about 1.2 ounces.

Gold ring prices followed the downward trend, falling by up
to VND1.7 million per tael to VND149.9 million per tael for buying and VND152.7
million per tael for selling.

On the global market, gold prices slipped 0.4% to $4,285.5
per ounce. Despite the decline, domestic gold prices remain approximately
VND17.81 million ($677) per tael higher than international levels.

VnEconomy-Mai Nhi