Local gold prices fell after the weekend and as of 10am on Monday, the prices had fallen to VNĐ55.45 million (US$2,403) per tael.
Compared to the end of last week, the prices decreased by between VNĐ500,000 and VNĐ700,000 per tael.
The Saigon Gold and Jewelry Company rated each tael of SJC gold at VNĐ53.8 million to buy and VNĐ55.45 million for sale (sell-buy).
Doji Group had its buying price at VNĐ54 million with a sales price of VNĐ55.7 million. Rated higher, Phú Quý Group listed each tael of gold at VNĐ54.2 million on the buying side and VNĐ56 million on the selling side.
Bảo Tín Minh Châu Gold Firm in Hà Nội had one of the highest buy prices at VNĐ54.3 million per tael while selling one tael at VNĐ55.9 million.
On August 7, local gold prices increased sharply to reach a record of more than VNĐ62 million per tael.
At the same time, on the gold exchange Kitco, prices fell $4.3 per ounce to close at $1,940 per ounce ($2,337 per tael).
This article was originally published in VNS