Although yesterday saw a slight increase in the world gold prices after 8 consecutive sessions of decline, the domestic price of gold did not rebound.

At 2pm on Thursday, Sai Gon Jewellery Co (SJC) gold could be purchased at their Da Nang branch for only 36.62 million VND per tael, and sold to them for 36 million VND per tael.

Trade taking place at a local gold shop

Although domestic gold prices are expected to continue their downward trend, there is no slowing down of trading activity at the local gold, silver and precious stone shops. They have seen a slight increase in the number of gold transactions over the last few days.