Vietnam Domestic Gold Prices Narrow Gap with Global Market Amidst Weak Demand
Technology

Vietnam Domestic Gold Prices Narrow Gap with Global Market Amidst Weak Demand

Domestic gold prices in Vietnam are converging with global market rates. While global prices rose by $250 over two days, SJC gold and gold rings in Vietnam saw increases of only VND 3.9 million. Experts attribute the weak domestic demand to previous price drops, the 'Ghost Month' tradition, and rising bank interest rates.

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