Early this morning, May 1, the world gold price was trading at 3,279 USD/ounce, down nearly 40 USD/ounce compared to the same time the day before. By nearly 11am, the price of the precious metal was at 3,235 USD/ounce.

Gold prices drop sharply . Photo: HT

Gold prices continued to fall amid a decline in the US stock market and an increase in the USD.

In the domestic market, Bao Tin Minh Chau Company Limited listed plain round gold rings at VND116.5 million/tael (buy) - VND119.6 million/tael (sell), down VND400,000/tael (buy) and VND300,000/tael (sell) compared to the end of the previous day.

This company set SJC gold bars at 118.6 million VND/tael (buy) - 121 million VND/tael (sell), down 700,000 VND/tael (buy) and 300,000 VND/tael (sell).

Phu Nhuan Jewelry Group kept SJC gold bars unchanged at VND118.3 million/tael (buy) - VND121.3 million/tael (sell).

The price of round gold rings here is listed at 114.3 million VND/tael (buy) - 117.3 million VND/tael (sell), 700,000 VND/tael lower than the end of the previous day each way.

Several other major gold companies are closed for the holidays, so gold prices have not fully reflected demand and market developments.

Source: https://hanoimoi.vn/gia-vang-giam-700-000-dong-luong-trong-sang-nay-700966.html