Decoding the gold price fever increasing by the hour in Ha Tinh

(Baohatinh.vn) - In recent days, the price of gold has increased "dizzily", causing a stir among investors and people in Ha Tinh. The gold price fever comes from many causes affecting both the world and the country.

Gold price increases with the world

At 10:30 a.m. on September 4, according to Mai Xuan Gold and Silver Enterprise (Thanh Sen Ward), the listed gold price was VND 11,570,000/tael (buy) and VND 11,650,000/tael (sell), an increase of VND 30,000/tael compared to the end of the previous session and VND 500,000/tael higher than last week. This is considered a record high price in the past 2 months.

The vertical increase chart of gold prices over the past few days.

Ms. Bui Dieu Huyen - Director of Mai Xuan Gold and Silver Enterprise said: "Gold prices have been fluctuating continuously in an upward direction for over a week now. On average, we have to update and adjust prices 4-6 times per day depending on fluctuations in the world market. Currently, the price is at its highest peak in the past 2 months."

Not only Mai Xuan, many other gold and silver shops in Ha Tinh such as Viet Ha, Phuong Xuan, Ngoc Ha... also witnessed a sharp increase in the number of customers trading. It is estimated that the total transaction volume increased by about 20-30% compared to mid-August, in which buying activities accounted for a significant proportion because investors expected prices to increase further before cooling down.

According to experts, this price increase is not simply a domestic phenomenon but is directly influenced by global factors.

Customers are trading busily at Viet Ha gold shop.

Ms. Le Thi Ha - owner of Viet Ha gold shop (Thanh Sen ward) analyzed: "Domestic gold prices clearly reflect fluctuations from the international market. Recently, the weakening of the USD, expectations that the US Federal Reserve (Fed) will reduce interest rates, combined with escalating global geopolitical tensions... are factors that make gold a safe haven for investors."

In fact, the world market is facing many unprecedented risks of instability in recent years. The Russia-Ukraine conflict has not shown any signs of cooling down, the war in the Middle East continues to be tense with complicated developments between Israel and armed forces in the region. In addition, military moves in the East Sea have increased the fear of risk. These factors have caused investors to withdraw capital from risky assets such as stocks, currencies... and rush into gold for safe haven.

Removing the monopoly on gold bullion makes trading more exciting

In addition to international factors, the gold price “fever” in Vietnam is also affected by domestic policy changes. Specifically, on August 26, the Government issued Decree No. 232/2025/ND-CP, amending and supplementing Decree No. 24/2012/ND-CP on the management of gold trading activities.

Accordingly, from October 10, 2025, the Government will officially abolish the monopoly on gold bar production of the SJC brand, paving the way for many qualified enterprises to participate in this market. The goal of the policy is to create a healthy competitive environment, diversify the supply of gold bars, and narrow the gap between domestic and international gold prices, thereby contributing to stabilizing the macro economy and controlling inflation.

From October 10, 2025, the Government will eliminate the monopoly on SJC gold bars.

However, while waiting for the policy to take effect and the implementation guidelines to be issued, the market is in a “transitional” state. Many investors are rushing to buy gold to get ahead of the trend, while the supply has not changed, causing prices to rise.

Ms. Hoang Thuy Nga - a long-time investor in Tran Phu ward shared: "There is currently no specific guidance circular, so businesses have not been granted import quotas or new gold bar production. It is expected that the market will not really stabilize until November when supply improves. Therefore, I am taking advantage of the current time to close the gold lots I bought at the beginning of the year."

People should be cautious when trading when gold prices are rising.

Although gold prices are rising sharply, many experts warn investors to be cautious when entering the market at this time. Because gold prices can reverse at any time when geopolitical factors or monetary policies change. Therefore, small investors should not "surf" too much because the buying and selling gap is very large (about 80,000 VND/tael in Ha Tinh - PV), which can easily cause investors to lose money if they do not calculate carefully.

The hourly increase in gold prices shows that investors' risk aversion is at a high level. With unpredictable fluctuations ahead, people need to closely monitor market developments, understand the nature of the influencing factors and maintain investment principles to avoid being swept away by short-term "waves", avoiding falling into the "buy high, sell low" trap that many people have fallen into in the past.

Source: https://baohatinh.vn/giai-ma-con-sot-gia-vang-tang-theo-gio-tai-ha-tinh-post295001.html