Recorded by Lao Dong reporter at 9:15 am today (October 27), the price of plain round gold rings and domestic gold bars fluctuated in the opposite direction. At the gold shop in Cau Giay, Hanoi, many elderly people came to "row up" from 7:30 am to hunt to buy gold rings, but by 10:00 a.m. the same day the shop still did not issue a notice.
Mr. Nguyen The Anh (Cau Giay Ward, Hanoi) came to queue up to buy gold rings for the second time but had to turn around and go home: "The first time I bought after a lucky day, everyone also lined up like this but there were chairs to sit and wait. At that time, 9999 plain round gold rings were bought for 10.8 million VND, now they are too many. Relatives are close to having a wedding ceremony, so I have to buy some to celebrate, but there is no rush if I don't sell until 10am today, I will just leave."
Ms. Tran Thi Hoa (Phu Dien ward, Hanoi) lined up from morning to night yesterday but could not buy, now she decided to wait to "hunt for gold".
"Yesterday, they announced that they would not sell, but people still sit and wait, because there are days when the store suddenly announces the sale. The store previously announced that the 2-day trading period was reduced to 3 days to be purchased. On days when gold prices are at their peak, the shop announces that they will sell up to 5 taels of gold, but on days when gold prices have decreased like today, they only sell 1-2 taels of gold, even not selling" - Ms. Hoa said.
As for many young people who rush out to line up to get their votes, return to do business at noon to avoid "losing their jobs". Ms. Hoang Tuyet (Cau Giay Ward, Hanoi) said: "I have a time to run out to queue up to get the votes, usually 9:00-9:30 will announce, but I have not seen anything yet. One day, I had the number of 200 but the shop sold it until 150 and announced that it was out of stock. There were days when I had to wait in line but got half a tael of gold".
Ms. Tuyet shared more: "I bought it for storage, the purchase price when the gold ring was 96 million VND/tael, but when I needed it to buy a house, I had to sell it. At that time, the selling price was 120 million VND/tael, so there was a profit. Although gold is still increasing, I have to accept it because I changed from gold to home. Gold increased to nearly 150 million VND/tael with a little extra to buy."
Gold price update
As of 11:00 a.m. on October 27, the price of SJC gold bars was listed at VND 147.4-148.9 million/tael (buy - sell), an increase of VND 200,000/tael for buying and a decrease of VND 300,000/tael compared to the previous session.
Bao Tin Minh Chau listed the price of SJC gold bars at 149.5-152.5 million VND/tael (buy in - sell out),
At the same time of the survey, SJC listed the price of plain round gold rings at 145.8-148.3 million VND/tael (buy in - sell out), down 300,000 VND/tael in both directions.
Bao Tin Minh Chau listed the price of gold rings at 149.5-152.5 million VND/tael (buy in - sell out).
On the world market, as of 11:00 a.m. on October 27 (Vietnam time), the world gold price reversed and decreased sharply, listed around 4,078.6 USD/ounce, down 32.6 USD.
