Gold prices in Vietnam surged by between VND3.6 million and VND5.6 million ($137–$213) per tael on February 23, the first trading day after the Lunar New Year (Tet) holiday, compared with the previous session, depending on the retailer.
One tael equals 37.5 grams, or 1.2 ounces.
Selling prices of SJC-branded gold bars climbed to VND184.6 million ($7,045) per tael, while buying prices reached VND181.6 million per tael.
Gold ring prices followed a similar upward trend, rising to VND181.1 million per tael for buying and VND184.1 million per tael for selling—an increase of VND5.8 million per tael compared with the February 12 session, the last trading day before the Tet holiday.
On the global market, gold prices jumped 2.26% to $5,158 per ounce. At this level, domestic prices remain approximately VND20 million ($763) per tael higher than international prices.
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