Selling prices for SJC-branded gold bars in Vietnam jumped by VND2.5 million ($95) per tael on November 13 compared to the previous day — the steepest increase since late October.
As of November 13, SJC gold was quoted at VND154 million ($5,855) per tael for selling and VND152 million per tael for buying.
One tael equals 37.5 grams, or 1.2 ounces.
Gold ring prices also surged, climbing to VND149 million per tael (buying) and VND151.5 million per tael (selling), up between VND1.8 million and VND2.5 million depending on the retailer.
On the global market, gold edged up 0.3% to $4,206.5 per ounce. At this rate, domestic gold prices remain around VND18.84 million ($716) per tael higher than global levels.
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