Gold prices plummeted on the morning of April 19 after Deputy Prime Minister Ho Duc Phoc directed market correction.

Illustration photo. Photo: Internet

Just a few hours after Deputy Prime Minister Ho Duc Phoc requested to step up inspection, examination and strict handling of all violations to prevent manipulation, speculation, profiteering and price fixing in the gold market, domestic gold prices on the morning of April 19 were simultaneously adjusted down sharply by businesses.

On Tran Nhan Tong street, the number of people lining up since early this morning has been thinner than the day before.

At Saigon Jewelry Company SJC, the announcement said that they are currently only trading gold bars, not selling gold bars, customers who need to contact them later. In addition, Bao Tin Minh Chau also applies a maximum selling limit of 1 gold bar per person.

As of 9:15 a.m., Saigon Jewelry Company SJC and Bao Tin Minh Chau were listing gold bar prices ranging from 113.5 to 117.5 million VND/tael (buy - sell), down 3.5 million VND/tael for buy and 2.5 million VND/tael for sell compared to the closing price yesterday.

DOJI Gold and Gemstone Group is currently announcing the buying price at 115 million VND/tael and the selling price at 118.5 million VND/tael, down 2 million VND/tael and 1.5 million VND/tael respectively compared to the previous closing price.

Phu Quy Jewelry Company announced the buying and selling prices at 113 - 117.5 million VND/tael, down 3 million VND/tael and 1.5 million VND/tael respectively compared to the end of yesterday. However, this unit also announced a temporary suspension of sales due to out of stock.

Cao Thong (t/h)

Source: https://doanhnghiepvn.vn/kinh-te/gia-vang-sang-19-4-lao-doc-manh-sau-chi-dao-chan-chinh-thi-truong-cua-pho-thu-tuong-ho-duc-phoc/20250419104651617