At the end of August 27, the price of SJC gold bars suddenly plummeted on the free market.

At the end of August 27, the price of SJC gold bars was traded by gold companies SJC, PNJ, DOJI, Eximbank,ACB , Sacombank at 126 million VND/tael for buying and 128 million VND/tael for selling, stable compared to the morning.

Meanwhile, in the free market, some small gold shops continued to lower the price of SJC gold bars to 127 million VND/tael for buying and 128 million VND/tael for selling, equal to the price of large enterprises. Compared to yesterday, each tael of gold bar has decreased by about 2 million VND/tael.

A notable development occurred in the free market, when gold shops simultaneously sharply reduced the buying and selling prices of SJC gold bars - after the Government issued Decree No. 232/2025/ND-CP amending and supplementing a number of articles of Decree 24/2012/ND-CP on the management of gold trading activities.

Accordingly, the state monopoly mechanism in the production of gold bars and the monopoly on the export and import of raw gold for the production of gold bars will be officially abolished. The market will have more commercial banks and enterprises qualified to import gold and produce gold bars.

Giá vàng miếng SJC bất ngờ lao dốc trên thị trường tự do ngày 27 - 8 - Ảnh 2. — SJC gold bar price dropped 2 million VND/tael on the free market at the end of today

Although the gold price at gold companies has not been adjusted down, and has even increased compared to yesterday, many experts predict that the price may decrease if the market has more supply after Decree 232 is implemented. Currently, the price of SJC gold bars is higher than the world price at a record peak of 20 million VND/tael. If the management agency implements intervention measures to narrow the difference, the price of SJC gold bars will plummet.

Latest Gold Price Forecast

Gold expert Tran Duy Phuong said that the market principle is that when there is information about a new policy, the gold price will decrease but not dramatically. It is impossible for the difference from 19 - 20 million VND/tael to immediately decrease to a difference of 5 - 10 million VND/tael. However, it is possible for the gold price to immediately decrease by 5 - 6 million VND/tael, bringing the price difference down to about 13 - 14 million VND/tael.

"At that time, the price of SJC gold bars may decrease to around 120 million VND/tael or lower. When the State Bank has more specific solutions to increase the supply of SJC gold bars, the price will gradually decrease until the market is no longer hot and feverish about gold" - Mr. Phuong said.

Economist, Dr. Nguyen Tri Hieu also commented that the current gold price may reverse and fall sharply and buyers will face great risks - when the price of SJC gold bars narrows the gap with the world price. However, an unpredictable factor is that the domestic gold price also depends on the world price, because in case the world price increases, the domestic gold price will also increase.

According to experts, the reasonable difference between SJC gold price and world price is about 5 - 7 million VND/tael, instead of the current unusually high difference of 20 million VND/tael.