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Vietnam's Gold Prices Tumble Amid Stronger Dollar

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Vietnam's gold prices have been under pressure due to a stronger dollar on global markets.

The Saigon Jewelry Company saw its gold bar price drop by 1.05% to VND141.5 million (US$5,373.89) per tael, while the gold ring price declined by 1.39% to VND142 million per tael.

This marks a 7.4% decline in Vietnam's gold prices so far this year.

Globally, gold prices also fell due to the stronger dollar, with spot gold dropping 0.7% to $4,044.81 per ounce and U.S. gold futures for August delivery losing 0.8% to $4,045.40.

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