At a gold shop on the 3rd of February, the number of customers increased dramatically from the morning. Many people had to wait for their turn to trade.
Ms. Thanh Hoa (residing in Ban Co ward) shared: "I heard that gold prices had decreased and could have decreased further, so I took the opportunity to buy some to protect myself. A few days ago, the price was over 123 million VND/tael, now it is down to 121 million, which is very reasonable".
Present at the headquarters of Saigon Jewelry Company SJC, Mr. Minh Tri (residing in Ben Thanh Ward) said that he had been waiting since noon with the hope of being able to buy 1 tael of gold bars.
"Seeing the sharp decline in gold prices, I took the opportunity to buy 1 tael. Last time, I hesitated, and when the price increased, I did not dare to buy. This time I don't want to miss it" - Mr. Tri shared.
Some people also share that buying gold is to preserve assets in the context of many other investment channels such as real estate and stocks still having many fluctuations.
Although gold prices are cooling down, experts still recommend that people consider carefully when buying in large quantities. World gold prices can increase again at any time if there are fluctuations in inflation, interest rates or geopolitics.
At 1:00 p.m. on July 29 in Ho Chi Minh City, the price of SJC gold bars was listed by Saigon Jewelry Company SJC and DOJI Group at VND 119.5-121 million/tael (buy in - sell out).
The price of gold rings at DOJI is listed at 115.9-118.4 million VND/tael (buy in - sell out). Saigon Jewelry Company SJC listed 114.4-116.9 million VND/tael (buy in - sell out). Although this decrease is not too large, it has created a clear signal about the market's correction trend.
