Gold prices in Vietnam fell sharply on June 4, hitting their lowest level in six months amid continued market volatility.
SJC-branded gold bars declined by between VND500,000 ($19) per tael compared to the previous day. Buying prices dropped to VND153.5 million (about $5,836) per tael, while selling prices fell to VND156.5 million (around $5,950) 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 0.5% to approximately $4,460.4 per ounce. Despite the uptick in international markets, domestic prices remained significantly higher than global levels, with a gap of about VND13.07 million (roughly $496) per tael.
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