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.

Deputy Prime Minister Ho Duc Phoc called for effective coordination between monetary and fiscal measures to ensure macro-economic stability for sustainable development while chairing a meeting on September 16 with the State Bank of Viet Nam (SBV) and relevant ministries and sectors to review monetary policy and gold market management over the past nine months and chart directions for the period ahead.