Vietnam Domestic Gold Prices Narrow Gap with Global Market, Difference Down to VND 4.1 Million
Vietnam's domestic gold prices are rapidly converging with global market rates, with the price difference shrinking to VND 4.1 million per tael from a previous range of VND 18-20 million. This convergence is attributed to a combination of factors, including sluggish domestic demand, increased central bank gold purchases globally, and easing concerns about US interest rate hikes.
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