Gold prices have fallen by more than one million dong per ounce.

Gold prices fell by another 1.3-1.4 million VND per tael this morning, reaching 83-84 million VND, 6% lower than the record high set at the end of October.

On the morning of November 12th,   gold price   Domestic gold and silver prices are simultaneously adjusting to global developments.

Saigon Jewelry Company (SJC) listed the price of gold bars at 80.6 - 84.1 million VND, a decrease of 1.3 million VND in both buying and selling prices compared to yesterday.

Plain gold rings also declined. Plain rings at SJC fell to 80.5 - 83 million VND, a decrease of 1.4 million VND in both buying and selling prices. DOJI Gold and Gemstone Group reduced prices to 81.4 - 83.4 million VND. Phu Nhuan Jewelry Company (PNJ) also listed prices at 82 - 83.9 million VND per tael.

Thus, compared to the peak set at the end of October, each ounce of gold is currently down 6 million VND, equivalent to a 6% adjustment. Compared to the beginning of the year, each ounce of plain gold rings is about 32% higher, while gold bars have yielded a 14% return.

On the international market, precious metals have just experienced their second sharp correction in just a few days. Each ounce of gold has now fallen by more than $160 since Donald Trump's re-election as US President.

Precious metals are under short-term pressure as the US dollar continues to rise and investors assess the move by Mr.   Donald Trump   The election of the US President will put pressure on the country's fiscal policy and interest rates.

At the same time, the flow of money into gold is facing increased competition from cryptocurrencies, as Bitcoin continues to set records. Investors expect that policies under the Trump administration will create a favorable period for this digital asset.

Source: https://baoquangninh.vn/gia-vang-giam-hon-mot-trieu-dong-moi-luong-3329147.html