Gold price on the morning of April 19 dropped sharply after the direction of Deputy Prime Minister Ho Duc Phoc

Gold Trading

Immediately after the direction of Deputy Prime Minister Ho Duc Phoc on further strengthening inspection, examination and strict handling of violations according to regulations, not allowing profiteering, manipulation, price fixing, speculation... in the gold market, the domestic gold price on the morning of April 19 was sharply adjusted down by trading enterprises.

Reporters' observations at Tran Nhan Tong Street showed that the number of people lining up early this morning had also decreased compared to yesterday.

At Saigon Jewelry Company SJC, they only sell gold bars, not gold bars. If you need, please contact us later. Bao Tin Minh Chau also only sells 1 tael of gold per person.

At 9:15 a.m., Saigon Jewelry Company SJC and Bao Tin Minh Chau listed the price of gold bars at 113.5-117.5 million VND/tael (buy-sell), down 3.5 million VND/tael for buying and down 2.5 million VND/tael for selling compared to the closing price yesterday.

DOJI Gold and Gemstone Group listed the price of gold bars at 115-118.5 million VND/tael (buy-sell), down 2 million VND/tael for buying and 1.5 million VND/tael for selling compared to yesterday's closing price.

Phu Quy Jewelry Company listed the gold price at 113-117.5 million VND/tael (buy-sell), down 3 million VND/tael for buying and down 1.5 million VND/tael for selling compared to yesterday's closing price. However, the company has also announced that it is temporarily out of stock.

At gold shops, some people lining up to buy gold said they saw everyone else buying so they wanted to buy too because gold is an asset that does not lose value.

Talking to long-time investor Nguyen Thi Luan, in Hai Ba Trung, Hanoi , she said she is very interested in accumulating assets, however, she invests in risk allocation, investing in gold, stocks and savings, not "putting all her eggs in one basket."

According to Ms. Luan, investing in gold at this time also has a very high risk of "catching the peak" because the market is currently fluctuating greatly. Investors should limit risks and calmly observe market developments to make the right decision./.

According to VNA

Source: https://baobinhduong.vn/gia-vang-sang-19-4-giam-manh-sau-chi-dao-cua-pho-thu-tuong-ho-duc-phoc-a345628.html