During the National Day holiday of September 2nd, when gold ring prices tended to decrease compared to previous sessions, many people in Ho Chi Minh City took advantage of going to stores to buy gold to hoard. No longer having to queue for too long, transaction activities at some points of sale are still quite bustling.
Recorded on September 1, at Mi Hong gold store (Gia Dinh ward), the number of customers coming to transact remained at a fairly good level. In which, besides those who buy jewelry gold, many customers are interested in gold bars and gold rings for the purpose of hoarding.
Mr. Nguyen Minh Hoang, residing in Binh Thanh ward, said that he had been monitoring gold prices for many days before deciding to buy.
Seeing that the price of gold rings has decreased compared to previous days, I took the opportunity to buy a little. I don't buy much and I don't expect to surf for profit. I mainly buy to save, considering it as a long-term accumulation" - Mr. Hoang said.
According to Mr. Hoang, during holidays, he has free time, so buying gold is also more convenient than usual. Before coming to the store, he consulted prices at some brands and chose a time suitable for his financial capacity.
Similarly, Ms. Nguyen Ngoc Han, residing in Tan Dinh ward, said that her family often has a habit of buying gold in small amounts instead of waiting until a large amount of money is available.
Gold prices fluctuate very quickly, so I don't think I can buy at the bottom. When I see prices fall to a suitable level, I buy a little. Holidays are also a time to see prices, choose products more carefully, the store is not too crowded, transactions are quick" - Ms. Han shared.
At other private gold trading stores on An Duong Vuong, Bui Huu Nghia, Nhieu Tam streets... transactions are generally stable. Some people said they take advantage of buying when prices fall, while many others continue to observe market developments before deciding.
Business circles also recommend that buyers closely monitor prices, consider the difference between buying and selling prices, and at the same time choose products suitable for stockpiling purposes. In the context of strong fluctuations in gold prices, buying according to financial capacity and actual demand is seen by many as a more cautious choice instead of chasing short-term ups and downs.
At about 2 pm on September 1, in Ho Chi Minh City, SJC gold bar prices were listed at 145.7 million VND/tael for buying and 148.7 million VND/tael for selling, unchanged compared to the previous session. At Mi Hong, gold prices also decreased by 100,000 VND/tael in both directions, down to 145.7 million VND/tael for buying and 147.2 million VND/tael for selling, compared to 145.8-147.3 million VND/tael in the previous session.
For gold rings, SJC listed at 145.2-148.2 million VND/tael (buying - selling), while at Mi Hong it was 145.7-147.2 million VND/tael (down 100,000 VND/tael in both directions).
