🇻🇳 Vietnamese Rush to Buy Gold as Prices Dip to 3‑Week Low

Gold buyers flooded jewelry shops across Vietnam after domestic gold prices fell to the lowest in nearly three weeks — triggering a shortage of stock.

• 📉 Price correction: Saigon Jewelry Company gold prices dropped ~2.4% to VND 154.2 million ($5,872) per tael — the lowest since early December.

• 👥 Surging demand: Buyers queued early in Hanoi and Ho Chi Minh City; many stores reported running out of gold rings and bars quickly and imposed purchase limits.

• 📊 Global pullback: Spot gold also saw a sharp drop as profit‑taking hit markets before recovering slightly — influencing the local Vietnamese market.

• 📈 Strong annual gains: Despite this short‑term dip, gold prices in Vietnam have still climbed sharply year‑to‑date, reflecting long‑term investor interest.

The recent price correction is drawing buyers back into the market — especially those who view gold as a store of value and savings hedge, pushing demand even when prices briefly weaken.

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