Gold trading customers increased
According to Lao Dong's records on November 8, at a gold and silver store in Binh Thanh district, trading was bustling.
Ms. Le Thi Bich Trang (living in District 4) said: "Hearing that the price of gold has dropped sharply and might last for quite a while, I was worried about losing money and had to sell quickly."
Currently, the domestic price of SJC gold rings and gold bars has turned to increase again after a sharp decline yesterday, so the number of buyers at gold shops has also increased slightly compared to before.
Mr. Nguyen Van Loi (living in Binh Thanh district) said: "Gold is getting harder and harder to buy, so I only buy or exchange it. Only when I really need it will I sell it."
A representative of Mi Hong gold shop (Bui Huu Nghia street, Binh Thanh district) informed that gold prices are fluctuating, especially at this time, so people need to be careful when making transactions.
At an SJC gold store on Nguyen Thi Minh Khai Street, District 3, the number of customers coming to trade has also increased sharply. The store allows customers to buy SJC gold freely, without any quantity limit. Customers do not need to take a number or wait in line for their turn.
People need to calm down
According to gold expert Tran Duy Phuong - Director of Golden Fund Gold and Gemstone Company, people are often influenced by crowd psychology. When the gold price fluctuates, seeing many people buying, they also buy and vice versa.
At this time, people need to be calm, if not really necessary, wait for the price to recover and then sell gold, avoid buying and selling according to the trend. If everyone sells gold en masse, the price will definitely not be good. Investors should only buy 1-2 taels of gold per day. According to forecasts, the price of gold will increase again, even surpassing the old peak.
Early afternoon on November 8, Saigon Jewelry Company (SJC) announced the price of SJC gold bars at 82-86.5 million VND/tael (buy - sell). DOJI Jewelry Group announced the selling price of SJC gold bars at 82-86.5 million VND/tael (buy - sell).
Similar to the price of SJC gold bars, the price of gold rings also increased again. Saigon Jewelry Company SJC announced the price of gold rings at 82-84.8 million VND/tael (buy - sell).
DOJI Gold and Gemstone Group listed the price of gold rings at 83.4-85.2 million VND/tael (buy - sell).
