On the morning of May 23, the price of SJC gold bars fell below the 121 million VND/tael mark.

On the morning of May 23, the price of SJC gold bars continued to decrease. Major brands such as SJC, PNJ, DOJI listed the buying price at 118 million VND/tael, selling price at 120 million VND/tael, down another 500,000 VND/tael compared to the end of yesterday.

Meanwhile, the price of 99.99% gold rings and jewelry gold remained stable at VND112.5 million/tael (buy) and VND115.5 million/tael (sell).

The domestic market has been fluctuating strongly in recent days with SJC gold bars. At one point during the week, the price of SJC reached 121.5 million VND/tael, approaching a record high but quickly fell back.

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SJC gold bar price has not stopped falling

Domestic gold prices are affected by the adjustment of the international market. This morning, the world gold price recovered to 3,300 USD/ounce, up about 20 USD/ounce compared to last night but still 40 USD/ounce lower than the previous day.

Profit-taking pressure has caused international gold prices to fall. However, in the medium and long term, gold is considered a safe haven amid geopolitical instability, concerns about trade wars and strong demand for gold from central banks.

Converted at the listed exchange rate, the world gold price is currently equivalent to about 104 million VND/tael.

Price fluctuations of SJC gold bars in the past month. Source: SJC

Source: https://nld.com.vn/sang-23-5-gia-vang-mieng-sjc-tut-khoi-moc-121-trieu-dong-luong-196250523091538384.htm