According to Lao Dong, after the September 2 holiday, many people went to large gold and silver stores in Ho Chi Minh City to trade. At most stores, selling pressure still dominates buying pressure.
Many gold shops no longer have gold bars, gold rings are only 5 taels - 1 tael, each person can only buy a maximum of 1 tael of gold ring.
At the SJC center, the number of customers is quite busy, but in the area where customers sell is sparse, most of the customers come to buy. At 11am, many people were still lining up waiting for their turn to trade.
Ms. Nguyen Hoai Thuong (residing in Hanh Thong ward) said: "It is quite difficult to buy gold bars at this time, so I took the opportunity to buy 1 tael of gold rings to store. After the holidays, prices often fluctuate, so I want to buy early to avoid risks.
Meanwhile, Mr. Le Van Hung (residing in Nhieu Loc ward) shared: "In the past few days, major gold shops have closed, so after the holidays, I took the opportunity to buy some round rings to keep."
Today (September 3), domestic gold prices broke out, setting a series of new records.
At 12:00 in Ho Chi Minh City, the price of SJC gold bars was listed by large enterprises such as PNJ, SJC, DOJI at 131.9 million VND/tael for buying and 133.4 million VND/tael for selling. The price of gold rings at SJC is 125.5 - 128 million VND/tael (buy - sell), at DOJI is 125.8 - 128.8 million VND/tael (buy - sell).
Expert Tran Duy Phuong - Director of Golden Fund Gold and Gemstone Company - commented that from October 10, 2025, Decree No. 232 of the new Government will officially take effect. This is considered a preparation stage for the issuance of a detailed circular, while creating a time for relevant units to calculate and implement the necessary steps.
According to Mr. Phuong, only when businesses can import raw gold, produce and bring more supply to the market will gold prices truly be clearly affected and likely to "go down".
