Gold price list August 16: SJC gold bars are anchored at a high level and the current buying and selling situation in the market

Summary The gold bar market has recorded its third consecutive day of stability at around 80 million VND per tael. Despite the high price of gold bars, the "black market" is cooling down, and speculators have fewer opportunities for quick trades. The service of registering to buy gold on behalf of others poses significant risks for consumers. Details Gold bars have maintained stability for the third consecutive session, with buying prices pegged at 78 million VND per tael and selling prices fixed at 80 million VND per tael. Gold bar buying and selling prices at various entities as of 10 AM on August 16: SJC Ho Chi Minh City: 78.00 – 80.00 million VND/tael Doji Hanoi: 78.00 – 80.00 million VND/tael Doji Ho Chi Minh City: 78.00 – 80.00 million VND/tael Bao Tin Minh Chau: 78.00 – 80.00 million VND/tael Phu Quy: 78.00 – 80.00 million VND/tael Big4 Banks (Vietinbank, Vietcombank, BIDV, Agribank): 78.00 million VND/tael Recently, while gold bar selling prices at businesses have remained high at 80 million VND per tael, the free market shows buying prices around 80 million VND and selling prices below 81 million VND per tael. This contrasts sharply with previous times when the State Bank of Vietnam began implementing "stabilizing" gold sales, where the price difference between businesses and the free market was consistently 2-5 million VND per tael. Consequently, the number of people looking to "hunt" gold on behalf of others has significantly decreased since purchasing gold from banks and reselling it on the free market would result in a loss. This does not include the costs associated with the "gold hunting" service. With fewer speculators, many people have recently been able to buy SJC gold bars from banks, even though they had previously registered multiple times without success. Risks That Buyers May Face When Using Online Gold Purchase Registration Services: Personal Information Exposure: When registering on behalf of someone else, buyers must provide details such as their name, date of birth, ID number, and permanent residence. This can lead to the risk of personal information being exposed, increasing the likelihood of information being misused for illegal purposes. Financial Theft: If the person registering on behalf requests the buyer's OTP or bank account information with a large balance, there could be cases of asset theft. Financial Loss Due to Intermediaries: Paying a fee to a middleman without ensuring a successful transaction could result in losing money without acquiring the desired gold. Incorrect Registration Information: Errors in the registration process could prevent buyers from receiving the gold they intended to purchase. Identity Fraud: Social media groups may lack transparency and legal accountability, leading to a high risk of fraudulent transactions. To avoid these risks, buyers should carefully consider their options and only conduct gold transactions through official and reputable channels, avoiding intermediaries with unclear origins or legal standing.

Gold price list August 16: SJC gold bars are anchored at a high level and the current buying and selling situation in the market

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