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 retail store.

While global gold prices remained near record highs, domestic gold bar prices cooled down on the morning of September 8th following Prime Minister Pham Minh Chinh's directive to prevent manipulation, hoarding, and price gouging in the gold market. The price was listed at 135.1 million VND/ounce for the selling price, a decrease of 300,000 VND/ounce compared to the closing price of the previous weekend. Specifically, at 9:20 AM, Saigon Jewelry Company (SJC) and DOJI Group listed gold bar prices at 133.1 - 135.1 million VND/ounce (buying - selling); a decrease of 800,000 VND/ounce in the buying price and 300,000 VND/ounce in the selling price compared to the closing price of the previous weekend (September 6th).

At the Government meeting on September 6th, Prime Minister Pham Minh Chinh directed that there should be no manipulation, hoarding, or price gouging in the gold market. If necessary, he requested that both the State Bank of Vietnam's inspectorate and the Government's inspectorate get involved. The Prime Minister requested that Deputy Prime Ministers and relevant agencies demonstrate a higher sense of responsibility, grasp the situation more thoroughly and firmly in their areas of management and responsibility, especially with new developments and emerging issues, analyze them more carefully, propose appropriate tasks and solutions, and respond with timely, flexible, and effective policies. 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