Global Gold Prices Soar, Domestic Prices Show Strange Behavior

The Vietnamese gold market is exhibiting a peculiar divergence from global trends, with domestic SJC gold prices failing to reflect the significant international surge. While gold prices on the world stage climbed to the $1,720/ounce mark, the price of SJC gold bars in Vietnam remained remarkably steady, even showing discrepancies between major dealers and private establishments. This unusual stability, particularly the lower prices offered by private jewelers compared to SJC Company, points to a sluggish domestic demand.

Experts like Trần Duy Phương suggest that this phenomenon is largely due to weak buying power. Many investors who bought gold at higher prices, between 180-190 million VND/lượng, are hesitant to re-enter the market, fearing further price drops. The once-common sight of queues at gold shops has vanished, and dealers are no longer limiting purchase quantities, further signaling a cooling of consumer interest.

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Do giá vàng điều chỉnh suốt hơn 3 tháng qua, nhiều người đã đu đỉnh ở vùng giá 180-190 triệu đồng/lượng, nên đến nay khi giá vàng giảm sâu hơn nhiều người cũng chưa dám mạnh tay mua vào.

Currently, SJC gold bars are priced about 17.5 million VND/lượng higher than their global equivalent. Simultaneously, silver prices have also seen a notable increase, both globally and domestically, with domestic silver exceeding 3 million VND/lượng. This suggests a broader market dynamic at play, but the specific behavior of the SJC gold market highlights a unique Vietnamese context where investor sentiment and past price experiences significantly influence current purchasing decisions, creating a disconnect from international market movements.

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Nếu như vài tháng trước liên tục xuất hiện cảnh xếp hàng mua vàng thì hiện nay tình trạng xếp hàng không còn, các tiệm vàng cũng không còn giới hạn số lượng mua như trước.