Gold prices down below VND28 million/tael

After rising continuously and hitting a record high of VND28 million/tael, the domestic price of gold began to slide back on May 18.

SJC gold in Ho Chi Minh City was bought at VND27.97 million/tael in the early morning and at VND28.07 million/tael by 11.30am.

Later, in the afternoon, gold prices started to decrease to VND27.87-27.97 million/tael.

In New York, the world price of gold stood at US$1,230 per ounce at opening time and later hovered around US$1,224 per ounce.

As a result of such fluctuations, the rate of exchange for the US dollar in Hanoi’s free market on May 18 was VND19,010, showing a slight decrease compared to the previous day.

VOVNews

Tags: vietnam gold, Vietnam gold market, Vietnam gold prices