Gold prices plummet.

On the morning of November 24th, gold prices fell sharply by 200-300 thousand VND per tael to around 35.5 million VND per tael. The difference with world gold prices increased from less than 2.9 million VND to over 3.2 million VND per tael.

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Specifically, SJC Gold Trading Company listed the price of gold bars at 35.40 - 35.62 million VND/ounce (buying price - selling price), a decrease of 260,000 VND for the buying price and 200,000 VND for the selling price compared to the end of yesterday's trading session.

Bao Tin Minh Chau Gold and Jewelry Company listed gold at 35.42 - 35.53 million VND/ounce, down 290,000 VND for buying and 260,000 VND for selling. DOJI Gold and Jewelry Group listed gold at 35.45 - 35.55 million VND/ounce, down 300,000 VND/ounce.

On the global market, US economic data supporting the possibility of a Fed interest rate hike in December, coupled with a strong rise in stocks and the US dollar, caused gold prices to plummet.

At the close of trading yesterday, December gold futures fell $21.9, or 1.8%, to $1,189.3 per ounce. This is the lowest level since the beginning of February.

In the Asian market, the price of gold today is hovering around $1,185 per ounce, equivalent to 32.4 million VND per tael. Currently, domestic gold prices are approximately 3.2 million VND per tael higher than international prices. Yesterday, the difference between domestic and international gold prices was less than 2.9 million VND per tael.

According to Cafef