Gold prices fall after Prime Minister's directive

Prime Minister Pham Minh Chinh does not allow manipulation, hoarding, and price gouging in the gold market.

Customers buy and sell gold at a store.

While the world gold price hovered near a record high, the domestic gold bar price cooled down on the morning of September 8 following Prime Minister Pham Minh Chinh's directive to prevent manipulation, hoarding, and price hikes in the gold market, listed at 135.1 million VND/tael for selling, down 300,000 VND/tael compared to the closing price at the end of the week. Specifically, at 9:20 a.m., Saigon Jewelry Company (SJC) and DOJI Group listed the gold bar price at 133.1 - 135.1 million VND/tael (buy - sell); down 800,000 VND/tael for buying and down 300,000 VND/tael for selling compared to the closing price at the end of last week (September 6).

In the Government meeting on September 6, Prime Minister Pham Minh Chinh directed that there should be no manipulation, hoarding, or price hikes in the gold market. If necessary, both the State Bank and the Government inspectors should be involved. The Prime Minister requested Deputy Prime Ministers and relevant agencies to promote a higher sense of responsibility, grasp the situation more thoroughly and more firmly in the field of management and responsibility, especially with new developments and emerging issues, analyze more thoroughly, propose appropriate tasks and solutions, and respond to policies promptly, flexibly, and effectively. Previously, the Government issued Decree No. 232/2025/ND-CP dated August 26, 2025 amending and supplementing Decree 24/2012/ND-CP on the management of gold trading activities.

PV

Source: https://baohaiphong.vn/gia-vang-giam-sau-chi-dao-cua-thu-tuong-520227.html