Domestic gold price sets new record

The selling price of SJC-branded gold bars in the domestic market hit all-time high of VND107 million ($4,115) per tael on April 14 morning.

One tael equals to 37.5 grams, or 1.2 ounces.

The selling prices of the gold bars rose VND500,000 ($19) per tael compared to the previous trading session.

Meanwhile, the selling prices of gold rings started to show signs of decline, standing at VND104.8 million ($4,000) per tael, down VND100,000 ($3.8) per tael against the previous trading session.

In the global market, the gold prices reached $3,224.2 per ounce.

At this level, gold prices in Vietnam stand at around VND5 million ($192.3) a tael higher than the global price.