The domestic gold price skyrocketed to 46.85 million VND per tael at 10:23 am on August 19, soaring 1.28 million VND per tael against the previous day.

The sharp rise in the gold price was attributed to the increasing global price.

Almost all gold shops extended the buy/sell rate to 400,000 VND per tael, up 160,000 VND per tael.

The domestic gold price had increased in four consecutive sessions with a surge of 2.63 million VND per tael since early this week./.