Gold Prices Drop Sharply After Urgent Directive from Deputy Prime Minister

On April 19, gold prices in Vietnam experienced a sharp decline after Deputy Prime Minister Le Minh Khai

an urgent regarding the management of the gold market. The price of SJC gold dropped by about 1.8 million VND per compared to the previous day.

The directive instructed the State Bank of Vietnam to take immediate measures to stabilize the gold market, ensure supply, and handle the high price gaps between

and international gold prices. Following this, major gold retailers like DOJI and SJC lowered their selling prices significantly.

The domestic price of gold, although decreased, was still much higher than the world price by around 15 million VND per tael. The government aims to bring more balance to the market and protect

in the coming time.