Vietnam's Gold Prices Rise for Third Straight Week Amid Global Increase
Gold prices in Vietnam continued to rise for the third consecutive week, fueled by an increase in world gold prices. At 9:00 AM on August 22, Phu Quy listed SJC gold bar prices at 144.6-147.6 million VND/tael (buying - selling), up 1 million VND/tael from the previous day.
The buying and selling difference was at 3 million VND/tael for SJC gold bars at Phu Quy, DOJI, and Bao Tin Minh Chau. Meanwhile, 9999 gold ring prices listed by Phu Quy Gold and Gems Group were also up 1 million VND/tael to 144.6-147.6 million VND/tael.
World gold prices continued their upward trend, reaching around 4,602.4 USD/ounce at 9:00 AM on August 22, a rise of 69.4 USD from the previous day.
Market analysts believe that gold will continue to maintain an upward trend next week, with buying power prevailing and most market experts expecting the precious metal to break through the resistance zone of 4,600 USD/ounce.