Gold prices continue to drop
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Prices of gold bars branded SJC on Monday dropped 0.4% from the weekend to VND67.35 million ($2,716.82) per tael.
Selling prices of gold rings remained unchanged, reaching VND54.05 million per tael. A tael is equal to 37.5 grams or 1.2 ounces.
Globally, gold prices slipped on Monday, as a stronger U.S. dollar made the greenback-priced metal more expensive for buyers holding other currencies.
Spot gold was down 0.2% at $1,752.66 per ounce, as of 0016 GMT. U.S. gold futures fell 0.1% to $1,751.80, according to Reuters.
SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, said its holdings rose 0.2% to 908.96 tonnes on Friday from 906.93 tonnes on Wednesday.
Questions & Answers
Q.What was the price drop for SJC branded gold bars on Monday?
What was the price drop for SJC branded gold bars on Monday?
Prices of SJC branded gold bars dropped by 0.4% on Monday from the weekend. They reached VND67.35 million per tael.
Q.How did the global gold price change for spot gold on Monday?
How did the global gold price change for spot gold on Monday?
Globally, spot gold prices slipped by 0.2% on Monday. It was trading at $1,752.66 per ounce as of 0016 GMT.
Q.What was the change in holdings for the SPDR Gold Trust?
What was the change in holdings for the SPDR Gold Trust?
The SPDR Gold Trust's holdings rose by 0.2% on Friday. This increased its total holdings to 908.96 tonnes from 906.93 tonnes on Wednesday.
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