Gold Prices April 20: Sharp Drop Following Government Directive

Vietnam’s Gold Market Sees Drastic Fluctuations Over the Weekend

On April 20, 2025, domestic gold prices recorded a shocking drop of VND 6 million per tael, marking one of the most turbulent weeks for the precious metals market. This dramatic shift came in direct response to an urgent directive from the Deputy Prime Minister aiming to stabilize the gold market.

1. SJC Gold Prices Fall Sharply

According to the latest update:

SJC Gold Prices (April 20, 2025):

Buying price: VND 112 million/tael

Selling price: VND 114 million/tael

Compared to the peak of VND 120–121 million/tael earlier this week, gold prices have dropped significantly, creating a noticeable gap in just a few days.

2. Global Gold Prices Hold Steady

Meanwhile, global gold prices are hovering around USD 3,327/ounce, down by about USD 20 from last week. The gap between domestic and global gold prices continues to widen, now reaching nearly VND 10 million/tael — almost double that of the previous weekend.

3. Key Reason Behind the Price Plunge

One major reason for the sharp drop in domestic gold prices is a government directive. Deputy Prime Minister Hồ Đức Phớc called on relevant agencies to swiftly implement measures to stabilize the market, prevent speculation, and avoid price manipulation.

Within just 24 hours of the announcement, many gold trading firms adjusted their listed prices, sending the market into a “free fall.”

4. Gold Price Forecast: What’s Next?

Experts predict that gold prices in Vietnam will continue to fluctuate significantly, influenced by factors such as:

Government regulatory policies

USD exchange rate and U.S. Fed interest rates

Global economic instability driving safe-haven demand

5. Advice for Investors

With the large gap between domestic and global gold prices, experts urge investors to exercise caution when considering buying at this time. For long-term investors, it's crucial to closely monitor macroeconomic signals and domestic policy movements.

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