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Commodities

Vietnam's Gold Market Sees Prices Surge Amid Global Tensions

Guavy AI Editorial Team
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Gold
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The global gold market saw prices rise above $4,400 per ounce on August 12 due to increased safe-haven demand amidst rising tensions in the Strait of Hormuz.

In Vietnam's domestic market, SJC-branded gold bars and rings reached prices of 143.8 million VND and 143.3 million VND per tael, respectively, with a notable discrepancy between the two types of products.

The infographic highlights that gold rings fetch up to 2 million VND more than SJC gold bars on August 8.

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