At 3:00 p.m., Saigon Jewelry Company, DOJI Company, Phu Quy Company and Bao Tin Minh Chau all listed SJC gold price from 82.8-85.3 million VND/tael, down 1.8 million VND/tael (buy) and down 1.3 million VND/tael (sell) compared to the previous closing price.

Meanwhile, PNJ HCMC listed gold bars at 82.7 - 84.4 million VND/tael, down 1.7 million VND/tael (buy) and down 1.4 million VND/tael (sell) compared to the previous session.

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People trade gold at Mi Hong store, Binh Thanh District (Photo: Quoc Hai)

The price of plain round gold rings traded by Bao Tin Minh Chau Company Limited is 82.33 million VND/tael for buying (down 2.25 million VND/tael) - 84.58 million VND/tael for selling (down 1.4 million VND/tael).

According to observations by PV.VietNamNet , from yesterday afternoon to this morning, domestic gold trading brands have repeatedly adjusted gold prices according to the downward trend of the international market. Currently, each tael of gold bars and plain rings has decreased by nearly 2 million VND per tael compared to last weekend.

At Mi Hong store - a famous gold brand in Ho Chi Minh City, the listed gold price is at 83.3 - 85 million VND/tael (buy - sell). That means people selling gold here will be about 500 thousand VND/tael higher than other brands, and if buying gold here is also about 300 thousand VND/tael cheaper.

Ms. Le Ngoc Han (Binh Thanh District) said that more than a week ago she bought 5 taels of gold to save, but the price of gold has dropped so quickly in the past 2 days that she decided to sell it.

Meanwhile, Ms. Thuy (Phu Nhuan District) decided to buy 5 more 9999 gold rings. The buying price of gold rings at the end of today was 83 million VND/tael, selling price was 84.2 million VND/tael.

Ms. Thuy said she took advantage of the low gold price to buy more to save for Tet. "My family is planning a wedding for my niece early next year, so we bought some in advance. I'm just afraid that the price will increase again near Tet, so I'm buying when the price drops to be sure..." - Ms. Thuy said.

Today, the world gold price at 3:00 p.m. fluctuated around 2,614.4 USD/ounce, down sharply by 57 USD/ounce compared to the previous session. Gold prices plummeted when the market received information that the situation in the Middle East could cool down.

Specifically, Israel and Lebanon have agreed on the terms of an agreement to end the conflict between Israel and Hezbollah. Since then, the demand for safe haven gold has decreased, causing gold traders to worry about risks and quickly sell to recover capital...

Currently, the world gold price converted at the listed exchange rate is about more than 80.4 million VND/tael when converted at the USD exchange rate at Vietcombank.

Gold expert Tran Duy Phuong said that the sharp increase in gold price of 135 USD/ounce in just one week has triggered profit-taking selling pressure from investors when the market has unfavorable news.

However, this expert predicts that gold prices will hardly fall below the $2,600/ounce mark.

"The outlook for gold prices from now until the end of the year is still very bright, as the tension in the Middle East has not been completely resolved," said Mr. Phuong.

Gold prices plummet, Hanoi gold shops sell off plain rings . Gold prices plummeted today, gold shops sell off plain rings without limit. However, there are no longer scenes of people jostling to get numbers to wait to buy gold.