In HCM City, SJC gold was traded at VND35.17-35.24 million per tael while SBJ gold hovered around VND35.18-35.28 million per tael.

In Hanoi, SJC gold was sold at VND35.26 million per tael and purchased at VND35.17 million. Thang Long Dragon Gold at Bao Tin Minh Chau company was listed at VND35.18-35.28 million per tael.

The sharp decrease in the gold prices is attributed to the fact that people want to buy consumer goods on the occasion of the Lunar New Year Festival.

In the world market, gold prices also dropped remarkably by US$1.343.75 per ounce on January 21, the lowest level since November 19, 2010.