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Gold price drops about 6 million VND, purchasing power slows down after 'hot' direction from the Government

(DN) - On April 19, gold prices "turned around" and decreased sharply, especially in the selling direction.

Báo Đồng NaiBáo Đồng Nai19/04/2025

This move came after Deputy Prime Minister Ho Duc Phoc directed the stabilization of the gold market and increased inspection to prevent gold speculation.

Gold price list recorded at noon on April 19 at a jewelry center in Bien Hoa city. Photo: Hai Quan
Gold price list recorded at noon on April 19 at a jewelry center in Bien Hoa city. Photo: Hai Quan

Specifically, the buying price of SJC gold bars is 112 million VND/tael, selling price is 114 million VND/tael, down 5 million VND/tael for buying and 6 million VND/tael for selling compared to yesterday. The difference between buying and selling gold bar prices has decreased to 2 million VND/tael.

In Bien Hoa city, the price of Phuc Long Gold of Doji Gold and Jewelry Group is 111 million VND/tael for buying and 113 million VND/tael for selling, down 6 million VND/tael for buying and down 7 million VND/tael for selling compared to yesterday.

PNJ gold bar price remains at 109.5-113.5 million VND/tael for buying and selling.

For Doji's 9999 gold rings and round rings (Hung Thinh Vuong), the current buying price is 10.95 million VND/tael, selling price is 11.35 million VND/tael (equivalent to 115.5 million VND/tael), down 500-550 thousand VND/tael in both buying and selling prices compared to yesterday.

Customers look at gold rings at a jewelry center in Bien Hoa city. Photo: Hai Quan
Customers look at gold rings at a jewelry center in Bien Hoa city. Photo: Hai Quan

SJC 9999 plain rings have a buying price of 10.95 million VND/tael and a selling price of 11.35 million VND/tael. The current buying and selling price of PNJ plain rings is 10.95-11.35 million VND/tael.

According to many jewelry centers in Bien Hoa city, after the sharp drop in gold prices this morning, the number of customers buying gold has tended to slow down. Meanwhile, many people are worried that the gold price will continue to drop, so they are rushing to sell gold, which has caused the number of customers selling gold to increase.

Manager of Doji Bien Hoa Jewelry Center (Bien Hoa City) Tran Phuoc Tho said that early this morning, when the gold price dropped sharply, the number of customers wanting to sell gold increased by 40% compared to previous days. Meanwhile, gold purchasing power tended to slow down. By noon, the number of customers buying and selling gold was more stable.

Navy

Source: https://baodongnai.com.vn/tin-moi/202504/gia-vang-giam-khoang-6-trieu-dong-suc-mua-chung-lai-sau-chi-dao-nong-cua-chinh-phu-2885679/


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