On the afternoon of August 25, domestic SJC gold prices dropped sharply in the buying direction by 300,000 VND/tael, while the selling direction decreased slightly.

At the time14hOn the afternoon of August 25, Saigon Jewelry Company adjusted the selling price of SJC gold in Ho Chi Minh City down 300,000 VND/tael compared to the morning session of the same day, down to 34.65 million VND/tael. The selling price was listed at 35.20 million VND/tael, little changed compared to the morning.

Illustration

In the Hanoi market, the buying and selling price of SJC gold announced by DOJI Group is at 34.80 - 35.05 million VND/tael, down over 150,000 VND/tael compared to this morning.

The difference between buying and selling gold prices in Ho Chi Minh City narrowed from VND700,000 this morning to VND550,000/tael, while the difference in Hanoi shrank to VND250,000/tael.

At 8 o'clockOn the morning of August 25, DOJI Group in Hanoi announced the retail price of SJC gold at 34.95 million VND/tael, down 270,000 VND/tael compared to yesterday's closing price. The buying price was listed at 35.15 million VND/tael.

At the same time, the price of SJC gold in Ho Chi Minh City was listed by Saigon Jewelry Company at VND34.70 million/tael (buy) and VND35.30 million/tael (sell).

The difference between buying and selling gold prices in Hanoi market widened to 600,000 VND/tael, while in Ho Chi Minh City, the difference remained at 200,000 VND/tael.

World gold prices also turned down when the USD showed signs of increasing in value, and US stocks and commodity markets fell sharply due to concerns about the Chinese economy.

According to Kitconews, the price of Comex gold for December delivery last night "evaporated" 5.3 USD to 1,154.30/ounce.

World stock markets have fallen sharply after Chinese stocks fell nearly 9% in recent trading sessions. Crude oil prices have also plummeted to a record low in the past 6.5 years./.

The VOV