Deputy Prime Minister Le Minh Khai requested the State Bank (SBV) to preside over and coordinate with relevant agencies to urgently seriously, fully, effectively, and promptly implement tasks and solutions to stabilize the market. Gold is delivered in telegrams and directives of the Prime Minister and official dispatches of the Government Office.
At the same time, the Deputy Prime Minister assigned the State Bank of Vietnam to coordinate closely with relevant agencies to urgently carry out inspection, examination, control, and supervision closely, comprehensively, with focus and focus on gold market.
Along with that, the Deputy Prime Minister requested to supervise, inspect and inspect the activities of gold trading enterprises, stores, distribution and trading agents of gold bars, and other entities participating in the market.
The goal is to ensure stability, stability and safety of the gold market, contributing to limiting the goldification of the economy; At the same time, ensure national financial and monetary security and develop a safe, healthy, effective and sustainable gold market. These tasks are required to report to the Prime Minister the results of handling in March 2024.
Gold prices have escalated, set new records, and have continuously fluctuated strongly recently
From the end of 2023 until now, the Government has repeatedly requested the State Bank of Vietnam to take measures to manage the gold market to prevent gold bar prices from being too high compared to the world.
Recently, the Prime Minister requested the State Bank to urgently summarize Decree No. 24 on managing gold business activities; Propose solutions to effectively manage the gold market in the new situation, completed in the first quarter of 2024.
After the Prime Minister’s direction, the gold market has become more stable, but price movements are still constantly fluctuating. Recently, gold prices have surpassed historical peaks, including gold rings and jewelry, while the price of SJC gold bars reached nearly 82 million VND/tael, then gradually cooled down.
Opening the trading session this morning (March 19), Saigon SJC VBQ Company is listing the buying and selling price of gold at 79.9 – 81.9 million VND/tael, an increase of 500,000 VND/tael in both buying and selling directions. and sold compared to the closing session on March 18. The difference in gold buying and selling prices at SJC is 2 million VND/tael.
At the same time, the gold price at DOJI Group was listed at the buying and selling price at 79.8 – 81.8 million VND/tael, an increase of 500,000 VND/tael in both buying and selling directions compared to the closing price. opening trading session on March 18. The difference in buying and selling price of DOJI gold is 2 million VND/tael.
In the early morning of March 19 (Vietnam time), the world gold price traded on the Kitco floor was at 2,159.5 USD/oz, an increase of 4.3 USD/oz compared to the late afternoon of March 18.
Converting the world gold price according to the foreign exchange rate at Vietcombank on the morning of March 19: 1 USD = 24,890 VND, the world gold price is equivalent to 64.75 million VND/tael, 17.15 million VND/tael lower than the price of gold. SJC gold was sold at the same time.