Gold prices in Vietnam rebounded on February 3 after falling for three consecutive trading sessions.
SJC-branded gold bars increased by VND7.5 million ($286) per tael compared to the previous day, with buying prices rising to VND170.5 million ($6,512) per tael and selling prices to VND173.5 million per tael.
One tael is equivalent to 37.5 grams, or about 1.2 ounces.
Gold ring prices also moved higher, increased by between VND4.5 million and VND7.5 million per tael, depending on retailers.
On the global market, gold prices likewise recovered after a three-day decline, climbing more than 3% to $4,806.4 per ounce. Despite the rebound, domestic gold prices remained approximately VND20.25 million ($773) per tael higher than international levels.
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