On August 27, many people were still flocking to large gold shops such as SJC and Mi Hong to buy gold. Many people have to wait for hours to get their turn to trade, the parking lot of the stores is also overloaded.
At Mi Hong store, Ms. Nguyen Son (residing in Gia Dinh ward) said she had been there since 7am and had to wait a long time to buy 1 tael of gold ring. "Although I have to queue up, each customer can only buy 1 tael of gold ring, and the gold bars are out of stock" - Ms. Son shared.
At the SJC center on Nguyen Thi Minh Khai Street, the situation was similar. Although there are customers selling, the demand for buying remains high. Here, each customer can only buy a maximum of 1 tael of gold bars and 1 tael of gold rings.
Mr. Hoai Nam (residing in Ben Thanh Ward) said: "I came to buy the day before but couldn't because the gold bars were out of stock. Today, I returned to buy gold rings because it is easier to buy and the supply is also more abundant".
Gold price today (8. 27), gold trading enterprises continue to adjust the price of SJC gold bars to increase sharply.
At Doji Group and Saigon Jewelry Company (SJC) in the Ho Chi Minh City market, the price of SJC gold bars is traded at 126.0 - 128.0 million VND/tael (buy - sell).
The price of gold rings at SJC is currently at 119.9 - 122.4 million VND/tael (buy - sell), while at Doji it is 119.6 - 122.6 million VND/tael. Meanwhile, the price of SJC gold bars at Mi Hong was listed at 126.8 - 128.0 million VND/tael, gold rings at 121.0 - 122.4 million VND/tael (buy - sell).
Previously, on the afternoon of August 26, the Government issued Decree 232/2025 amending and supplementing Decree 24 2012 on the management of gold trading activities. Notably, the new Decree ends the State's monopoly mechanism for the production of gold bars, while tightening the management of large transactions.
All gold transactions of VND20 million or more in a day by the same customer must be made through a bank account to increase transparency.
