Gold Prices Go Down

The price of gold at Saigon Jewelry Company went down by 0.36% to VND139.5 million per tael. This is equal to US$5,299.95. The price change happened recently. The new price is now known.

Gold prices in Vietnam have gone down by 5.42% this week. They are still higher than global prices by about VND10 million per tael. This is the current situation.

The price of a gold ring also went down by 0.36% to VND138.5 million per tael on Friday. One tael is equal to 37.5 grams or 1.2 ounces. This is a unit of measurement. Gold prices are changing.

Globally, gold prices went down on Friday after falling 2% the day before. This happened because Brent crude oil prices went above $100 a barrel, which made people worry about inflation and higher interest rates.

The price of gold went down by 0.4% to $4,030.09 per ounce. This is a big change. Gold prices were down more than $130 from a two-week high. Gold futures for August were 0.4% lower at $4,033.20. These are the current prices.

A manager at GoldSilver Central said, 'We think gold prices will be volatile in the short term. Gold has been trading between $3,980 and $4,170 for weeks.' He also said, 'When prices go close to $4,000, big buyers come to buy it back up.' This is what he thinks will happen.

Brent crude oil prices went up by 7% on Thursday, breaking $100 a barrel for the first time since May. This makes people worry about inflation and higher interest rates, which affects gold prices.

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