Domestic gold bar prices have surged, reaching 181 million dong per tael at major brands today, maintaining a significant premium over global rates. Saigon Jewelry Company (SJC) listed gold bars between 178 million dong and 181 million dong, an increase of nearly 600,000 dong compared to yesterday. Other prominent brands, including PNJ, Doji, and Bao Tin Minh Chau, have implemented similar adjustments. Plain gold rings also saw a comparable rise, now priced between 177,5 million dong and 180,5 million dong per tael.

This domestic price surge occurs despite a decline in the international market. As of 10:00 this morning, Hanoi time, global spot gold fell by 34 USD, settling at 5,023 USD per ounce. When converted using Vietcombank's exchange rate, the international gold price is approximately 158 million dong per tael. This creates a difference of 23 million dong between domestic and global prices, a noticeable increase from the previous gap of 15 to 18 million dong.

New regulations under Decree 340, effective from 9/2, aim to tighten control over the gold market. Individuals found producing, trading, or importing gold raw materials without proper licenses could face fines ranging from 300 million dong to 400 million dong. Additionally, any gold involved in illicit transactions will be confiscated. Organizations committing similar offenses will incur double the individual penalties. However, consumers who purchase gold from licensed businesses but lose their invoices will not be penalized for subsequent transactions, as these are not considered illegal.

The domestic market also saw a 2% increase in silver bar and ingot prices. Phu Quy Gold Investment Joint Stock Company listed these items between 3,02 million dong and 3,11 million dong per tael. Converted to kilograms, silver bars are priced at 80,5 million dong to 83 million dong. Ancarat mirrored Phu Quy's silver bar prices, while Sacombank - SBJ quoted prices between 3,33 million dong and 3,44 million dong.

Trong Hieu