Gold prices in Vietnam surged to new record levels on January 29, with SJC-branded gold bars trading at VND190.3 million ($7,235) per tael for selling and VND187.3 million per tael for buying.
A tael equals 37.5 grams (about 1.2 ounces).
The increase represented a jump of VND6.1 million ($231) per tael for selling and VND5.6 million per tael for buying compared with the previous session.
Gold ring prices also climbed sharply, rising by between VND6.1 million and VND8.5 million per tael from the day before, depending on the retailer.
Global gold prices extended their rally for a ninth straight day, reaching around $5,560 per ounce. At current rates, domestic gold prices in Vietnam remain approximately VND13.85 million ($526) per tael above international levels.
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