Gold ring prices in Vietnam hit record high of 83 million dong per tael, attributed to a 0.5% US Federal Reserve interest rate cut.

On September 27, gold ring prices in Vietnam reached a record high, exceeding 83 million dong (approximately $3,389) per tael. Saigon Jewelry Company and DOJI reported increases, with prices climbing to 81.5 million dong ($3,314) for sellers and 83 million dong for buyers. Gold bar prices remained stable. This surge is linked to a recent 0.5% interest rate cut by the US Federal Reserve, which has weakened the dollar and boosted global gold prices.