Following the sharp downturn in global gold prices, domestic gold prices in Viet Nam also fell across the board on October 24. In the afternoon session, SJC gold bars traded at 149.2 million VND per tael, while gold rings were priced at 148.6 million VND per tael — down 1.3 million VND per tael from the morning session and 1 million VND per tael compared to the previous day’s close.

The establishment of a gold exchange is seen as the final step in reforming the management of the gold market, creating opportunities to strengthen oversight and enhance transparency in the flow of gold within the economy.