Domestic gold price jumps to new height

The selling price of SJC-gold bars in the domestic market jumped to over VND101 million ($3,923) per tael on March 31.

One tael equals 37.5 grams, or 1.2 ounces.

The price rose by VND800,000 ($31) compared to the previous session.

This marks the increase of the gold prices in the domestic market in six consecutive days, closely following the global trend.

Meanwhile, the selling price of gold rings rose by VND300,000 ($11.6) to VND100.8 million ($3,916) per tael compared to the previous day.

Prices in the global market jumped to $3,113.4 an ounce, or nearly VND82.5 million per tael.

At this level, gold prices in Vietnam stand at around VND3.96 million ($153.8) a tael higher than the global price.