Deputy Prime Minister Ho Duc Phoc directed not to allow profiteering, price manipulation, and speculation in the gold market.

On April 18, the Government Office issued Document No. 3332 conveying Deputy Prime Minister Ho Duc Phoc's direction on domestic gold price developments.

Deputy Prime Minister directs against profiteering, price manipulation, and speculation in the gold market. Photo: Nhu Y/truyenhinhnghean.vn

Considering the Government Office's quick report on the domestic gold price situation on April 18, 2025, Deputy Prime Minister Ho Duc Phoc directed: Requesting the State Bank of Vietnam to preside over and coordinate with relevant agencies to closely monitor the situation and developments in the domestic and international financial, monetary, foreign exchange, and gold markets to promptly implement solutions as prescribed to stabilize the gold market.

At the same time, the Deputy Prime Minister directed to further strengthen inspection, examination and strict handling of violations according to regulations, not allowing profiteering, manipulation, price fixing, speculation... in the gold market in accordance with the direction of the Government leaders in Official Dispatch No. 1483 dated April 4, 2025.

At the same time, proactively implement communication measures to stabilize social psychology.

Since the beginning of the week, the price of gold has continuously reached new peaks, stimulating the demand for gold trading in the market. On the afternoon of April 18, the price of SJC gold bars was maintained by gold companies at a high level of around VND117 million/tael for buying and VND120 million/tael for selling.

Some companies pushed the price of SJC gold bars up to 121 million VND/tael for selling and 117 million VND/tael for buying. The price difference between buying and selling gold bars widened from 3 million VND to 4 million VND/tael.

Source: https://baogialai.com.vn/pho-thu-tuong-ho-duc-phoc-chi-dao-khong-de-truc-loi-lam-gia-dau-co-tren-thi-truong-vang-post319491.html