November 26, 2024November 26, 2024

Gold price’s dive continues

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By Dat Nguyen &nbspNovember 25, 2024 | 09:14 pm PT

Gold jewelry seen at a shop in Ho Chi Minh City. Photo by VnExpress/Quynh Tran

Vietnam’s gold price plunged while global rates held steady Tuesday afternoon.

Saigon Jewelry Company gold dropped 1.50% to VND85.3 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Gold ring fell 1.29% to VND84.5 million per tael.

Globally Gold prices held steady on Tuesday after a 3% drop in the previous session, supported by increased safe-haven demand following President-elect Donald Trump’s pledge to impose tariffs on all imports from Canada, Mexico and China, Reuters reported.

Spot gold was steady at $2,625.48 per ounce, after hitting its lowest since Nov. 18 earlier in the session.

U.S. gold futures edged 0.3% higher to $2,625.80.

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