Gold prices in the domestic market skyrocketed to a historic high on April 11 in line with the global trend.

The selling price of SJC-branded gold bars hit VND106.4 million ($4,111) per tael, up VND1 million ($38) compared to the previous day.

One tael equals 37.5 grams, or 1.2 ounces.

The selling prices of gold rings also jumped remarkably, reaching VND105.4 million ($4,072) per tael, soaring VND2.6 million ($100.4) per tael compared to the previous day.

In the global market, the gold price also increased to a record high of $3,218 per tael.

At this level, gold prices in Vietnam stand at around VND5 million ($193) a tael higher than the global price.