Gold prices plunge

By Dat Nguyen   April 12, 2024 | 09:50 pm PT
Gold prices plunge
A person holds gold jewelry at a shop in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Saigon Jewelry Company gold bad price plunged 1.30% to VND83.7 million ($3,342.99) per tael Saturday morning.

Gold ring price fell 1.23% to VND76.2 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally gold prices rose above $2,400 per ounce to an all-time high on Friday, heading for their fourth week of gains, as growing tensions in the Middle East prompted investors to seek refuge in the safe-haven assets, Reuters reported.

Spot gold eased 0.8% to $2,353.35 per ounce), taking a breather after hitting a record high of $2,419.79. Prices were up around 1% for the week.

U.S. gold futures settled 0.1% higher at $2,374.1.

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