Domestic gold prices hit three-month hike

Gold prices in the domestic market climbed to a three-month high on February 3 while the global bullion dropped slightly.

The SJC-branded gold bars were sold at VND89.3 million ($3,512) per tael on the day.

One tael equals 37.5 grams, or 1.2 ounces.

Meanwhile, the selling prices of gold rings in the domestic market reached VND88.7 million ($3,489) per tael.

In the global market, the gold prices reduced to $2,778.8 an ounce on the same day, or nearly VND84.6 million per tael.

At this level, gold price in Vietnam is higher than the global price around VND4.7 million ($184) a tael.