Vietnam’s SJC Gold Bars Fall 4.5 Million Dong per Tael in a Week
Gold price information published on November 15 shows SJC gold bars in Hanoi quoted at 134.5 million dong per tael for buying and 137.5 million dong for selling. The selling price was down 4.5 million dong from the opening price on November 9. International gold prices fell about 4.5% over the same week.
Domestic gold prices in Vietnam generally declined from November 9 to 14. After rising early in the week, SJC gold bar prices were cut repeatedly. In Hanoi, SJC gold bars were quoted at 134.5 million Vietnamese dong per tael for buying and 137.5 million dong per tael for selling.
File photo of the gold market.（VietVance）
On the morning of November 13, SJC gold bar prices fell by another 1 million dong per tael, bringing the buying and selling prices to 135 million and 138 million dong per tael, respectively. On November 14, prices fell by a further 500,000 dong per tael, to 134.5 million and 137.5 million dong per tael, respectively.
Compared with the opening price of 142 million dong per tael on the morning of November 9, the selling price of SJC gold bars fell by a total of 4.5 million dong. The article includes gold price tables for SJC and Công ty Cổ phần Đầu tư vàng Phú Quý for the morning of November 15, but the text does not provide the figures in those tables.
SJC gold price table.（VietVance）
Gold price table for Công ty Cổ phần Đầu tư vàng Phú Quý.（VietVance）
International gold prices fell about 4.5% over the same week, and a modest rebound over the weekend did not offset earlier losses. Gold itself generally pays no interest; when bond yields and the US dollar rise, its appeal to investors tends to weaken.
Source: VietVance
