On August 8, records at some famous gold trading stores in Ho Chi Minh City showed that the number of customers coming to transact was quite bustling. Many people waited for their turn to buy gold bars, gold rings and small-sized products. Besides the group of customers buying gold for long-term storage, many people came to monitor price movements, considering the time to buy when the market showed signs of adjustment.
Ms. Thuy Hang (living in Linh Xuan ward) said: "I have been monitoring gold prices for the past few days and see that the price is stable, so I take advantage of buying a little. I don't buy a lot at the same time but divide it into times, if the price continues to decrease, I will consider buying more.
Similarly, Mr. Nguyen Minh Truong (living in Vuon Lai ward), coming to transact at SJC store on Nguyen Thi Minh Khai street, said that his family often buys gold for accumulation, so now he decided to buy a part.
I don't expect prices to increase immediately, but mainly buy to accumulate. With the current price level, I find it more suitable than when the price was in the high zone before" - Mr. Truong said.
According to records, the psychology of buyers is currently quite cautious. Besides those who are determined to buy for long-term storage, a part of customers still spend time monitoring market developments, waiting for prices to stabilize before buying more.
At Mi Hong store (Gia Dinh ward), staff said that the number of customers transacting during the day increased, in which buyers accounted for a significant proportion. However, instead of buying in large quantities, many people tend to choose gold rings or small-weighted products, divided into many purchases. This method helps customers reduce financial pressure, while limiting risks in the context of continuous gold price fluctuations.
According to Mr. Tran Duy Phuong - Director of Golden Fund Jewelry Company, recently, gold prices have continuously maintained around 140 million VND/tael; silver prices fluctuate from 61-63 million VND/kg. Compared to the developments from the beginning of the year to now, these are all relatively low price areas.
If investors have idle money and are still wondering about investment channels, now is the time to deposit money. You should divide the money into 2 parts. One part continues to be deposited in savings or reserves, the rest can be invested in 2 types of precious metals" - Mr. Phuong said.
At about 10:30 am on August 8, in Ho Chi Minh City, SJC gold bar prices were listed at 141.0 million VND/tael for buying and 144.0 million VND/tael for selling; while in Mi Hong, the prices were 141.7-143.2 million VND/tael respectively.
For gold rings, SJC listed at 140.5-143.5 million VND/tael (buying - selling), while at Mi Hong it was 141.7-143.2 million VND/tael.
