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.

Global gold prices plunged on September 11, trading at 3,629.3 USD per ounce. In the domestic market, both SJC bars and SJC rings fell sharply, listed at 134.8 million VND per tael and 129.9 million VND per tael, respectively.

Global gold prices soared to a new all-time high on September 6, trading at more than 3,587 USD per ounce. Domestically, prices of SJC gold bars and rings also continued to hit new record highs, trading at 135.4 million VND per tael and 130.2 million VND per tael, respectively.

Global gold prices on August 26 edged up as investors continued to expect the FED to cut interest rates, trading at 3,375.3 USD/ounce. In the domestic market, SJC gold bars and rings kept rising, listed at 127.7 million VND/tael and 122.2 million VND/tael, respectively.

On the afternoon of June 5, domestic gold prices saw a simultaneous increase across the board.