At the end of last week's trading session, the domestic gold market reversed direction. This morning (April 20), domestic plain round gold rings and gold bars decreased in price. At gold business stores on Cau Giay street (Hanoi), the buying - selling atmosphere was somewhat quiet.
According to information released from the store, the quantity of plain round gold rings sold today is unlimited. The store will pay gold according to customer needs.
In this morning's trading session, the gold shop's expanded premises opened for trading. However, the number of customers who need to buy in does not need to queue to wait, trading quickly.
As of 9:53 am, the number of customers who came to buy was only a few people. As one of the few customers who came to buy this morning, Ms. N.N.D (Ha Dong ward, Hanoi) said: "About 1 month ago, I came to buy gold without spending much time, almost coming can transact immediately. Last weekend I was also hesitant about buying at this time, this morning I handled some of the above things, so I decided to buy".
Ms. D added that this morning gold prices adjusted down, so the psychology is more comfortable to buy for accumulation. "I only bought 1-2 chi of plain round gold rings to accumulate, if I need something, I will sell, not to surf the wave" - Ms. D said.
Besides the buyers, the store also recorded a small number of people coming to sell to take profits. Mr. N.T. C (Yen Hoa ward, Hanoi) completed the selling transaction - said: "This time my husband and I have invested in an additional piece of land in the countryside, we need to find more to get enough money to deposit and complete paperwork. I have about 5 taels of gold, so I took it to sell to invest".
According to Mr. C, buying and selling is no longer as time-consuming as before. "There are times when I come to the store to wait 2-3 hours for my turn. Now, after only about 1-2 people, I can transact and hold money in my hands" - Mr. C shared.
Gold price update
As of 10:38 am on April 20, SJC gold bar price was listed at 168.3-171.3 million VND/tael (buying - selling), down 200,000 VND/tael on the buying side and 700,000 VND/tael on the selling side.
Bao Tin Minh Chau listed SJC gold bar prices at the threshold of 166.3 - 171.3 million VND/tael (buying - selling), down 200,000 VND/tael and 700,000 VND/tael respectively in both directions.
With the same decrease, SJC listed the price of gold rings at 167.8 - 170.8 million VND/tael in both buying and selling directions.
Bao Tin Minh Chau listed the price of gold rings equal to the price of gold bars, anchored at the threshold of 168-171 million VND/tael (buying - selling).
On the world market, as of 10:45 am on April 20 (Vietnam time), world gold prices had a downward trend, listed around the threshold of 4, 791.8 USD/ounce, down 37.6 USD.
