đ»đł Vietnamese Rush to Buy Gold as Prices Dip to 3âWeek Low
Gold buyers flooded jewelry shops across Vietnam after domestic gold prices fell to the lowest in nearly three weeks â triggering a shortage of stock.
âą đ Price correction: Saigon Jewelry Company gold prices dropped ~2.4% to VNDâŻ154.2âŻmillion ($5,872) per tael â the lowest since early December.
âą đ„ 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.
âą đ Global pullback: Spot gold also saw a sharp drop as profitâtaking hit markets before recovering slightly â influencing the local Vietnamese market.
âą đ Strong annual gains: Despite this shortâterm dip, gold prices in Vietnam have still climbed sharply yearâtoâdate, reflecting longâterm investor interest.
The recent price correction is drawing buyers back into the market â especially those who view gold as a store of value and savings hedge, pushing demand even when prices briefly weaken.
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