Gold prices fall by VND170,000 per tael

The price of gold on Vietnam’s trading floors dropped sharply on April 17 by VND170,000 per tael due to a decline in world gold prices.

At 9am on April 17, on Hanoi’s trading floor, gold was transacted at VND19.480 million per tael, down VND135,000 per tael compared to the price on April 16.

On Ho Chi Minh City’s trading floor, the gold price on April 17 stood at VND18.749 million per tael, a drop of VND107,000 per tael against the price at the close on April 16.

At jewelry stores, gold prices dropped by VND170,000 per tael with SJC gold in Hanoi traded at VND19.40-19.50 million per tael and SJC gold in Ho Chi Minh at VND19.40-19.48 million per tael.

The drop in domestic gold prices is in tandem with world gold prices falling by US$4 per ounce to US$874 per ounce.

hastc

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