Reading the news bulletin, seeing that gold prices were trending downwards, after work, Ms. Bui Ngoc Lien (Dong Dang commune) took the opportunity to go to a reputable gold shop in Lang Son to buy a few taels of gold.
However, as soon as she stopped the car in front of the store, she immediately saw a notice "no more plain round rings", only jewelry rings left.
In recent days, following market developments, she decided to take advantage of buying a little gold to save because she believed that after the adjustment, the price could increase again.
In fact, not only Ms. Lien, but many people in the Lang Son border area are also sharing the same mentality.
According to reporters' records on the afternoon of March 21 at Hoang Phuong Private Gold and Silver Enterprise on Tran Dang Ninh street, Ky Lua ward, people's demand for buying gold is still high.
Inside the store, customers come in and out continuously, mainly asking to buy plain round rings, 24K gold and various types of accumulated gold.
The buying and selling atmosphere is quite bustling, contrary to many people's predictions that after the God of Wealth Day, the gold market will cool down.
Security guards at this business said that the crowded situation has lasted from before the Lunar New Year until now.
Although it has passed the peak of buying gold at the beginning of the year, the number of people coming to trade is still maintained at a large level, especially at times when gold prices fluctuate strongly.
Sharing with reporters, Ms. Nguyen Hoai Anh (Ky Lua ward) said that her family also took the opportunity to buy a few taels of gold. According to her, this year's developments are completely different from previous years.
I thought like every year, gold prices would increase on the God of Wealth Day and then decrease, but this year is different. Due to the influence of the world situation, gold prices went up and then down, causing many people to have a'bottom-fishing' mentality, so people buy quite a lot," Ms. Hoai Anh said.
According to Ms. Hoai Anh, for many families, gold is still a familiar channel to keep assets. When seeing prices fall, even if not deeply, people still want to take advantage of buying gradually, little by little instead of waiting for more.
However, not every store in Lang Son recorded such a large number of customers.
Real-world surveys show that some other stores are quite quiet, and the number of customers buying and selling is not too sudden.
At Hoang Phuong - Huong Mao gold and silver store on the afternoon of March 21, 9999 gold round rings were listed at a buying price of 16.42 million VND/chi, selling price of 16.5 million VND/chi.
24K personal gold with a buying price of 16.2 million VND/chi, selling price of 16.45 million VND/chi. Although the price is adjusting, plain round rings here are still out of stock.
Explaining the reason, store staff said that people's demand for buying gold has increased sharply since before Tet until now, while the amount of plain round rings produced is not enough to meet market demand.
Currently, the store only has 5 chi, 1 cay type pressed gold bars and some gold jewelry samples left.
As of 1:30 PM on March 21, SJC gold bar prices at many large enterprises such as Doji, Bao Tin Minh Chau, Phu Quy, PNJ... simultaneously retreated to 168 - 171 million VND/tael (buying - selling), down about 5.1 million VND/tael compared to the same time yesterday. Meanwhile, gold rings also decreased sharply, commonly from 4 - 5.1 million VND/tael, depending on brand.
