Vietnam Gold Price Plummets as Dollar Strengthens

The price of gold in Vietnam has decreased over the past week. According to Laodong.vn, the Saigon SJC Jewelry Company listed the price of SJC gold bars at 137.5-141.5 million VND/tael (buying - selling), with a buying-selling difference of 4 million VND/tael.

This is down from last week's closing session on July 19, when the price of SJC gold bars at Saigon SJC Jewelry Company decreased by 7 million VND/tael on the buying side and 6 million VND/tael on the selling side.

Similarly, DOJI listed the price of SJC gold bars at 137.5-141.5 million VND/tael (buying - selling), with a buying-selling difference of 4 million VND/tael. This is also down from last week's closing session on July 19.

For those who bought SJC gold bars in the session on July 19 and sold them today, they would both lose 10 million VND/tael at Saigon Jewelry Company SJC and DOJI.