Gold prices in the domestic market continued to rise on November 19 as global rates remain on an upwards trajectory.

The Saigon Jewelry and Germ Stone Co. (SJC) sold SJC-branded gold bars at VND85 million ($3,330) per tael on the day, up by VND1 million ($39.2) per tael compared to the previous day.

One tael equals 37.5 grams, or 1.2 ounces.

Meanwhile, the four State-owned commercial banks - Agribank, BIDV, VietinBank, and Vietcombank - offered gold bars at VND84.7 million ($3,320) per tael on November 19, up by VND700,000 ($27.4) per tael against the previous day.

The selling price of gold rings rose by VND900,000 ($35.2) to VND1.45 million ($56.8) per tael compared to the previous day, to VND84 million ($3,293) to VND84.8 million ($3,324) per tael.

Prices in the global market skyrocketed on November 19, to $2,623.54 an ounce, or nearly VND82.5 million per tael.

At this level, gold prices in Vietnam stand at around VND2.5 million ($98.01) a tael higher than the global price.