The disparity between domestic and global gold prices narrowed significantly on November 28, falling 10.85% for gold bars and up to 37.5% for gold rings compared to the peak recorded earlier this month.
The selling price of SJC-branded gold bars rose to VND154.2 million ($5,863) per tael, an increase of VND800,000 ($30.4) from the previous day.
One tael equals 37.5 grams, or 1.2 ounces.
Gold ring prices also increased, reaching VND152.2 million ($5,787) per tael, up VND700,000 from the previous day.
On the international market, gold prices climbed nearly 0.6% to $4,183.5 per ounce. At this level, domestic gold prices remain about VND19.62 million ($746) per tael higher than global prices — a notable decline from the VND22.01 million gap recorded on November 4.
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