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Vietnam gold ring prices hit record high

Gold rings were selling in Vietnam for more than VND 73 million per tael on Friday which was a record high, according to VN Express. Of note, this would make the price per troy ounce US$2,196.07. The world gold prices as of Saturday morning was US$2,329.93 per troy ounce–this would make the gold price for gold rings in Vietnam lower than the world gold price. Gold bars, however, were trading at VND 82,500,000 per tael or US$2,478.47 per ounce US$148 higher than the world gold price.

Not that there is no physical difference between gold rings and gold bars other than their shape.

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