"Buyers" are waiting
Recorded by Lao Dong reporter at 9:35 am today (November 14), the price of plain round gold rings and domestic gold bars has fallen sharply. At the gold shop on Cau Giay Street, Hanoi, although there were 80 people coming to the shop to trade, the number of people coming to buy gold continued to increase.
Sharing with reporters, the gold shop employee informed: "Today the shop is selling a quantity of gold, customers who buy this quantity will have to wait for the next item. In case, customers who buy below 5 taels of gold will receive the product immediately".
Mr. Tran Minh Tuan (Cau Giay, Hanoi) waiting after the first 8 rounds - each round of 10 people, said: "Today I plan to buy 7 taels of gold, if I convince the shop, I will probably get gold right away. If we wait and not get the gold back right away, it will be a waste, the price will continue to fluctuate".
Appearing outside the store were a group of "brokers" waiting to trade at high prices.
After being introduced by the "broker" to trade, Ms. V.T.H (My Dinh ward, Hanoi) agreed to exchange 3 taels of gold. Ms. H said: "Today the shop purchased at 150.3 million VND/tael, the "broker" traded to buy 150.8 million VND/tael, making a profit of 500,000 VND/tael. Selling directly in the store is not given that price, buying in the store is the same as selling everywhere".
Not only Ms. H, Mr. N.M.T (Cau Giay, Hanoi) also chose to sell to a "broker" to receive high interest.
"I sold 1 tael of gold, making a profit of 500,000 VND/tael compared to the store price. Get cash immediately, transactions are quick" - Mr. T shared.
Posing as someone who wants to sell, the reporter received an invitation: "0.5 taels of gold are still purchased, the price is adjusted daily, according to the store's price. Today, there is a good price, many people sell".
According to trading "brokers", these subjects do not need to see the "goods" first as long as the gold is still in the pipeline. "Give customers money in full, transact directly, no need for a purchase invoice first" - this person said.
This person even said that the seller does not need to go directly to the store, just sit at home, save the phone number, follow the price list on the store's website, the "broker" will come directly to buy.
According to experts, people should be cautious when trading gold through spontaneous brokerage "brokers". Many cases take advantage of the hastily psychological situation of sellers to collect high fees, make prices, and even commit fraud when receiving money but not handing over gold. Intermediary trading is not protected by law, posing a potential risk of losing everything.
Gold price update
As of 11:00 on November 14, the price of SJC gold bars was listed at 151.7-153.7 million VND/tael (buy - sell), down 800,000 VND/tael in both directions.
Bao Tin Minh Chau listed the price of gold bars at 150.9-153.9 million VND/tael (buy - sell), an increase of 600,000 VND/tael compared to early in the morning.
At the same time of the survey, SJC listed the price of plain round gold rings at 149.2-151.7 million VND/tael (buy in - sell out), down 1 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 150.9-153.9 million VND/tael (buy - sell), an increase of 600,000 VND/tael compared to early this morning.
On the world market, as of 11:00 a.m. on November 14 (Vietnam time), the world gold price was steadily increasing, listed around 4,197.8 USD/ounce, up 27.5 USD.
