Gold prices increase, Ho Chi Minh City residents must comply with new regulations when buying gold

NGỌC LÊ |

HCMC - Domestic gold prices have increased sharply, many businesses have required customers who buy gold with VND20 million or more to pay through bank transfer.

In recent days, the number of customers coming to trade at large gold stores in Ho Chi Minh City has increased significantly. Many people brought cash to buy gold bars or gold rings, causing trading areas to become crowded at times.

However, the stores said that according to Decree 232/2025/ND-CP, all gold trading transactions with a value of VND20 million or more must be paid through bank transfer. Customers need to bring their ID card for the company to compare information according to regulations.

On October 14, recorded at SJC headquarters Nguyen Thi Minh Khai (HCMC) showed that the enterprise has made many notable adjustments to reduce the overload situation. In front of the headquarters, SJC placed a notice board requiring customers who want to buy gold bars to register online on the company's official website and provide full personal information, instead of queuing directly as before. Only successful registered customers are allowed to receive gold as scheduled.

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SJC has issued a notice requesting customers to buy gold bars. Photo: Ha May

Mi Hong gold shop is also strictly implementing regulations on cash payment management in gold trading activities. The regulation is applied to reduce risks when carrying large amounts of cash, while meeting the requirements of the management agency on transparency in gold trading activities.

Ms. Tran Nhu Quynh (residing in Phu Nhuan ward) said that she has a habit of buying gold to store every month.

I used to carry cash because I thought the transaction would be faster, but yesterday when I stopped by the store, they asked me to transfer money. I find this reasonable, both safe and less worrying when having to carry a lot of cash" - Ms. Quynh shared.

At a gold shop in An Dong ward, many customers traded gold but brought cash. However, the representative of this store said that if customers buy 1 tael of gold, they can transfer money or pay in cash. If buying more than 1 tael of gold - from 20 million VND or more, it is mandatory to transfer money.

Some customers were not initially familiar with the situation and still brought cash to pay, but when explained by the staff, most of them cooperated. The transfer is both fast and much safer" - Mr. Quoc Hung - representative of this store added.

Today (October 14), domestic gold prices continue to break out, increasing to over 146 million VND

At 10:00 a.m., in Ho Chi Minh City, the price of SJC gold bars was listed by SJC enterprises at VND 144.9 million/tael for buying and VND 146.4 million/tael for selling (up VND 2.3 million/tael compared to the end of yesterday). At DOJI 144.1 - 146.4 million VND/tael (buy - sell).

The price of gold rings at SJC 142.3 - 144.5 million VND/tael (buy - sell), at DOJI is 143.2 - 145.5 million VND/tael (buy - sell).

NGỌC LÊ
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