Gold weakened further on August 4 in Viet Nam, falling to the lowest levels since 2012, amid a continuing steady drop in world prices.

Saigon Jewellery Joint Stock Company (SJC) sold a tael of 37.5 grammes at 32.94 million VND (1,508 USD), 40,000-60,000 VND (1.8-2.7 USD) down from last week.

The private Bao Tin Minh Chau Gold and Jewellery Company (BTMC) and Doji Gold and Gems Group listed their selling price at 32.93 million VND. But they bought gold at 32.88 million VND (1,505 USD), 40,000 VND (1.8 USD) higher than the State-owned SJC's rate.

The Phu Nhuan Jewellery Joint Stock Company said the recent fall in the local stock market due to the failure of the Trans Pacific Partnership talks and the State Bank of Viet Nam's efforts to control the forex market were affecting the gold market.

Both factors have made the gold market less attractive to local investors.

The current gap between Vietnamese and international prices is 193 USD per tael.

The dollar remained stable against the dong at 21,840 VND.

(Source: VNA)