Gold prices in Vietnam edged lower on February 26, the 10th day of the first lunar month, known as the God of Wealth Day, despite gains on the global market.
Prices of SJC-branded gold bars dropped by VND300,000 (US$11.5) per tael compared to the previous day, settling at VND182 million ($6,980) per tael for buying and VND185 million ($7,089) per tael for selling.
One tael equals 37.5 grams, or 1.2 ounces.
Globally, gold prices rose by more than 0.5% from the previous session to $5,191.5 per ounce. At this level, domestic gold prices remain approximately VND18.77 million ($716) per tael higher than international prices. The gap has narrowed by more than VND1 million ($38) per tael compared to the previous day and is down 26.7% from the peak recorded on January 30.
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