Global Gold Prices Plummet to $4,260.4 on September 24
The global gold market experienced a downturn on September 24, with prices falling to $4,260.4 per ounce. This decline had a ripple effect on the domestic market in Vietnam, where SJC gold bars and rings saw significant price drops.
In Vietnam, the price of an SJC gold bar fell to 144.4 million VND per tael, while the price of an SJC gold ring dropped to 143.9 million VND per tael. These prices reflect a sharp decline from previous days, underscoring the volatility of the global gold market.
The drop in gold prices on September 24 follows similar declines on previous days. On September 15, for example, global gold prices had already fallen to $4,312 per ounce, and SJC gold bar prices had dropped to 145.3 million VND per tael in the domestic market.
The fluctuations in gold prices are a key concern for investors and traders in Vietnam, where gold is a popular investment option.