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Domestic gold prices rise further amid global rally

By Truc Dao

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HCMC – Gold prices in Vietnam have climbed further, with SJC bars sold at VND118 million per tael this morning, April 17, fueled by a continued rally in global markets.

At around 9 a.m., SJC and DOJI listed gold bar prices at VND115.5 million per tael for buying and VND118 million for selling, up by VND2.5 million per tael compared to the previous trading day.

Gold bar prices at other retailers also rose in line with the general market trend.

At Phu Quy Jewelry, gold bar prices were quoted at around VND113.5 million for buying and VND116 million for selling, a respective increase of VND2.5 million and VND2 million per tael.

Bao Tin Minh Chau capped gold ring prices at VND114.5 million for buying and VND117.5 million for selling, up by VND2.5 million per tael on both sides.

Phu Quy quoted gold ring prices at VND112 million per tael for buying and VND115 million for selling, up by VND1.8 million from the previous day.

SJC listed gold rings at VND113.8 million for buying and VND117 million for selling, reflecting respective rises of VND3.3 million and VND3.5 million.

Domestic gold prices rose in tandem with the global rally. According to the Vietnam News Agency, spot gold surpassed US$3,300 per ounce on April 16. By 12:45 a.m. on April 17 (Vietnam time), it had climbed by 3.1% to US$3,327.97, after hitting a record high of US$3,332.89 earlier in the session.

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