Domestic gold prices fell sharply on January 22, a day after hitting a record high, in line with the global trend.
Prices of SJC-branded gold bars dropped by VND1.8 million ($68.4) per tael from the previous day to VND166.7 million ($6,338) per tael for buying and VND168.7 million ($6,414) per tael for selling.
One tael is equivalent to 37.5 grams, or about 1.2 ounces.
Gold ring prices also declined, falling by VND1.3 million per tael to VND164.6 million per tael for buying and VND167.1 million per tael for selling.
On the global market, gold prices edged down 0.75% to $4,794.9 per ounce. At this level, domestic gold prices remained about VND14.64 million ($556) per tael higher than international prices.
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