Gold prices in the domestic market fell sharply on October 28, dropping by VND1.2 million ($45.6) per tael from the previous day.
The buying and selling prices of SJC-branded gold bars were listed at VND145.7 million ($5,539) and VND147.2 million ($5,596) per tael, respectively.
One tael equals 37.5 grams, or 1.2 ounces.
Prices of gold rings also declined, down VND1–1.8 million ($38–68.4) per tael.
In contrast, global gold prices edged up nearly 0.2% to $3,989 per ounce. Despite the slight rebound, domestic gold prices remained about VND19.18 million ($729) per tael higher than international levels.
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