CaliToday (13/12/2025): A historic financial frenzy has gripped Vietnam this Saturday morning, as domestic gold prices defied gravity to shatter all previous records. The state-monopolized SJC gold bullion brand has skyrocketed to a stunning all-time high of 155.6 million VND per tael (selling price), sending shockwaves through the local economy.
The unprecedented surge has triggered chaotic scenes at major jewelry centers across the country, as thousands of citizens scramble to react to a market that seems to be overheating by the hour.
The "Trump Effect" and Global Catalysts
Market analysts attribute this morning’s vertical price spike directly to seismic shifts in the global financial landscape.
Global Milestone: Spot gold on the international market has officially breached the psychological barrier of $4,300 USD per ounce, pulling domestic markets up with it.
The "1% Rate" Shock: The primary driver fueling this rally is the aggressive monetary stance signaled by U.S. President Donald Trump. His recent confirmation that he is targeting an ultra-low interest rate of 1% has decimated the value of the US Dollar index, causing investors worldwide to flee to gold as the ultimate safe-haven asset.
Chaos on "Gold Street"
From the early hours of Saturday, Vietnam's famous "Gold Streets"—such as Tran Nhan Tong in Hanoi and the jewelry districts near Ben Thanh Market in Ho Chi Minh City—have been packed to capacity.
Witnesses report scenes reminiscent of the frenzied gold rushes of decades past, but with much higher stakes:
The Profit-Takers: A significant portion of the crowd consists of long-term holders looking to cash out. Many are carrying boxes of gold bars accumulated years ago, eager to lock in massive profits as the price hits a peak many never thought possible.
The Panic Buyers: Conversely, a wave of "FOMO" (Fear Of Missing Out) has swept through the populace. Fearful that inflation will erode the Vietnamese Dong and that gold could march toward 170 million VND, late-comers are queuing for hours just to buy small amounts of gold rings or bullion for hoarding.
Market Sentiment
"I have never seen the price jump this fast in a single morning," said Mrs. Lan, a gold shop owner in District 5, Ho Chi Minh City. "We actually ran out of SJC bullion by 10:00 AM because the demand is overwhelming, despite the record-high price tag."
Expert Caution
While the mood is euphoric for holders of the precious metal, financial experts are urging caution. With the spread between buying and selling prices widening and the market reacting emotionally to President Trump's policy announcements, the risk of a sharp correction (a "price bubble burst") remains high.
However, for now, all eyes are on the electronic boards as the numbers continue to tick upward, redefining the wealth of Vietnamese households in real-time.