Gold prices in Vietnam fell sharply on April 17, hitting their lowest level in a month amid continued market volatility.
SJC-branded gold bars declined by between VND500,000 ($19) and VND1 million per tael compared to the previous day. Buying prices dropped to VND167 million (about $6,349) per tael, while selling prices fell to VND170.5 million (around $6,482) per tael.
A tael is equivalent to 37.5 grams, or roughly 1.2 ounces.
In contrast, global gold prices edged up slightly by more than 0.1% to approximately $4,795.5 per ounce. Despite the uptick in international markets, domestic prices remained significantly higher than global levels, with a gap of about VND16.56 million (roughly $629) per tael.
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