Recorded by Lao Dong reporter at 9:43 am today (November 5), the price of plain round gold rings and domestic gold bars plummeted. At the gold shop on Cau Giay Street, Hanoi, the number of people lining up has somewhat "cooled down", no longer congested or jostling.
However, according to the new regulations of the store, customers are allowed to make the next transaction every 5-6 days. Ms. Bui Thi Tuoi (Cau Giay, Hanoi) bought 4 days ago but still did not have enough time to regulate the continued transaction. Ms. Tuoi said: "Today I tried to convince the store but they definitely did not sell, it took me a long time to wait in line and had to go home".
As for Mr. Vu Van Ha (My Dinh, Hanoi), he arrived close to the trading time so he quickly lined up. Mr. Ha said: "The shop announced this morning that each person is limited to buying 5 taels of gold".
Having lined up at the busiest time, Ms. Minh Ngoc shared: "Compared to the end of September when gold prices were constantly fluctuating, people rushed to buy. That time, there were grandparents lining up from 7:30 to buy for their children, but today we only need to wait about 15-30 minutes to get into the transaction. After the house renovation, I sold gold to get money to buy furniture. Now that I have accumulated some money, I will buy gold".
Gold price update
As of 11:30 on November 5, the price of SJC gold bars was listed at VND145-147 million/tael (buy - sell), down VND1.2 million/tael in both directions.
Bao Tin Minh Chau listed the price of SJC gold bars at 145.5-147 million VND/tael (buy - sell), down 1.7 million VND/tael for buying and 1.2 million VND/tael for selling.
At the same time of the survey, SJC listed the price of plain round gold rings at 142.2-144.7 million VND/tael (buy in - sell out), down 1.2 million VND/tael in both directions.
Bao Tin Minh Chau listed the price of gold rings at 144.3-147.3 million VND/tael (buy in - sell out).
In the world market, as of 11:30 a.m. on November 5 (Vietnam time), the world gold price is on the path to recovery, listed around 3,968.9 USD/ounce, up 38.6 USD.
