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.
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