The State Bank of Vietnam (SBV) has issued a new regulation on management of gold bar production to stabilise the gold market.

The State does not encourage the trading of gold bars, protect their prices, nor accept too large differences between domestic and global gold prices, and between SJC and other types of gold bars, said Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu.

The central bank has warned people to take caution when trading gold amid the strong fluctuations of the precious metal.

VOV.VN - The Prime Minister has signed a telegram, asking for solutions to be introduced to rein in the gold market that has fluctuated sharply in recent times.

VOV.VN - Domestic gold prices continued to surge on the morning of December 26, hitting a record high of nearly VND80 million per tael.

VOV.VN - Domestic gold prices continued to soar on the afternoon of December 25, hitting a new record high of VND78 million per tael.

Experts have predicted that gold prices, which reached a record high last week, may continue to rise in the short term, but the upward trend would be hard to sustain in the medium and long term.

VOV.VN - Domestic gold prices kept skyrocketing on the afternoon of December 21 to pass the historic high, duly reaching VND75.7 million per tael.

VOV.VN - Vietnamese gold prices continued to soar on the afternoon of December 19, hitting a new record high of VND74.9 million per tael on the back of the ongoing global market rally.

VOV.VN - Local rowers won a total of seven gold medals in the 2023 Asian Rowing Junior and U23 Championships, which concluded on December 19 in Pattaya, Thailand.