According to Decree No. 232/2025/ND-CP dated August 26, 2025 amending and supplementing a number of articles of Decree No. 24/2012/ND-CP dated April 3, 2012 of the Government on management of gold trading activities, from October 10, banks and enterprises eligible to participate in importing and producing gold bars will officially abolish the State's monopoly mechanism for producing gold bars.
It is expected that about 8 banks and 3 enterprises including PNJ, DOJI and SJC will meet the requirements of charter capital to produce gold bars.
Before the monopoly on gold bars was waived, the price of JSC gold bars was still anchored at a high level.
In the opening session on the morning of September 22, the price of SJC gold bars was generally VND 131.0-133.0 million/tael, unchanged compared to the end of last week.
SJC gold rings decreased to 129.5 million VND/tael.
Bao Tin Minh Chau stores traded gold rings at 127.2 - 130.2 million VND/tael, an increase of 100,000 VND/tael for buying and unchanged for selling.
DOJI Group and PNJ both listed 126.8 - 129.8 million VND/tael, keeping the same for buying and reducing 100,000 VND/tael for selling.
While SJC Company applied the price of 126.8 - 129.6 million VND/tael, unchanged.
The high price of gold bars is due to the limited supply of gold bars.
In addition, the difference between buying and selling gold bars is currently at 2 million VND/tael while gold rings are up to 3 - 3.5 million VND/tael depending on the brand. The low difference between buying and selling is more beneficial for gold buyers.
Currently, the price of SJC gold bars is still more than 15 million VND/tael higher than the world gold price.
