Gold prices drop, people struggle to buy gold rings
Recorded on April 19, at large gold shops such as Mi Hong (Binh Thanh District, Ho Chi Minh City), many customers said they had come here many times but were always in a crowded situation. Most customers come here to buy gold rings, even at times the store announces that it is temporarily out of stock, people have to wait.
"Gold is a safe investment accumulation channel, so I still choose to buy at this time. However, buying is quite difficult when I have to wait in line for quite a while" - Mr. Nguyen Ngoc Vu (Go Vap district) shared.
The gold shortage is not only happening at large stores but also at many small gold shops in Ho Chi Minh City. Many places only sell gold jewelry, there are no gold rings or gold bars to sell. See more...
Tourism trend is popular with many people during the April 30 holiday
Lam Dong tightens settlement of public investment capital
On April 19, Lam Dong Provincial People's Committee issued a directive on the implementation of public investment capital settlement for completed projects in the area.
Accordingly, the Provincial People's Committee requests the People's Committees of districts and cities to strictly implement regulations on public investment capital settlement, ensuring the establishment, examination and approval of settlement on time.
At the same time, localities need to publicize the list of investors who are late in paying settlements and impose administrative penalties according to regulations.
The list of contractors who violate the time to prepare settlement documents will also be widely published in the media, in order to prevent continued participation in new bidding packages.
The Provincial People's Committee requested to review and summarize the needs for public investment capital that need to be allocated to pay for completed projects; proactively balance capital sources and propose competent authorities to consider and approve, in order to settle the final payment, avoiding the emergence of outstanding debts for basic construction. See more...
Prolonged supply shortage will soon boost silver prices
According to Kitco, despite economic and financial instability causing many investors to seek safe-haven assets, silver has not kept up with the increase in gold. However, silver will continue to have good prospects thanks to strong industrial demand surpassing the declining supply.
The Silver Institute published the 2025 Silver Survey on April 16, a survey predicted that the precious metal would record its fifth consecutive year of deficit, although the shortage was at its lowest level in four years.
Meanwhile, according to a report by Metals Focus, silver is expected to be short of 117 million ounces due to slightly reduced demand to 1.148 billion ounces; although total supply increased by 1.5% due to increased mining output.
In addition, industrial demand for silver is forecast to remain stable at around 677.4 million ounces in 2025. See more...
