Selling prices of SJC-branded gold bars in Vietnam surged to a historic high of VND165 million ($6,272) per tael on January 19, after remaining unchanged for three consecutive days.
One tael is equivalent to 37.5 grams, or 1.2 ounces.
Buying prices also climbed to a record VND163 million per tael. Both buying and selling prices rose by VND2.2 million ($83.6) from the previous day.
Gold ring prices followed a similar upward trend, rising to VND159.7 million per tael for buying and VND162.2 million per tael for selling, an increase of VND2.5 million per tael.
On the global market, gold prices continued to edge higher, gaining 1.5% to $4,662.3 per ounce. At this level, domestic gold prices remain about VND15.16 million ($576) per tael higher than international prices.
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