Gold prices plummet as Tet approaches.

This morning, February 13th (the 26th day of the 12th lunar month), the price of gold in Vietnam decreased by 2 million VND per tael, falling to 179 million VND per tael.

Early this morning, the world gold price was trading at $4,923 per ounce, a sharp decrease of $157 compared to the highest level during last night's session, and $144 per ounce lower than the same time the previous day.

Gold prices fell sharply as many financial institutions realized profits.

Gold prices fell sharply this morning. Photo: HT

By nearly 10 am, gold was trading at $4,978 per ounce, which is approximately 21.3 million VND per tael lower than the domestic gold price.

Domestically, gold trading businesses listed the price of SJC gold bars at a common level of 176 million VND/ounce (buying price) - 179 million VND/ounce (selling price), a decrease of 2 million VND/ounce compared to the end of the previous day.

For gold rings, Saigon Jewelry Company Limited set the price at 175.5 million VND/ounce (buying price) - 178.5 million VND/ounce (selling price), a decrease of 2 million VND/ounce.

Bao Tin Minh Chau Co., Ltd. reduced its gold price from 178 million VND/ounce (buying price) - 181 million VND/ounce (selling price) to 176 million VND/ounce (buying price) - 179 million VND/ounce (selling price).

Similarly, Phu Quy Group listed the price at 175.7 million VND/ounce (buying) - 178.7 million VND/ounce (selling) instead of 177.5 million VND/ounce (buying) - 180.5 million VND/ounce (selling).

Source: https://hanoimoi.vn/sat-tet-gia-vang-lao-doc-733308.html