Gold price over 96 million VND/tael, Ho Chi Minh City residents hold gold to make a profit

Ngọc Lê |

HCMC - Gold prices have continuously increased, surpassing the 96 million VND/tael mark, causing gold stores to trade enthusiastically.

According to Lao Dong, on the morning of March 15, at some gold shops in Binh Thanh District, District 3... there were many people lining up to wait for gold transactions. On weekends, the number of customers increased compared to previous days, causing the parking lots of gold shops to be full.

Present at Mi Hong gold shop (Binh Thanh district), Ms. Nguyen Thi Xuan An said that she plans to buy 1 tael of plain gold rings as a wedding gift for her younger sister.

Nguoi dan den mua vang tai mot tiem vang o quan Binh Thanh. Anh: Nhu Quynh
People come to buy gold at a gold shop in Binh Thanh District. Photo: Nhu Quynh

"About 3 days ago, I planned to go buy gold, but because I was busy with work, I could only come and buy it on the weekend. The current gold price is very high, but we have to accept it because of our own demand. Now, no matter how high the gold is, I still buy it as a gift" - Ms. An shared.

At this gold shop, gold rings are only available in 5 pieces, 1 and 2 taels, no longer the 5 taels as before. Gold bars are also always in a "popular" situation.

It is known that people buy gold mostly because they expect gold prices to continue to increase, others buy because they have demand and buy according to the trend. However, besides gold buyers despite the high price, many people took the opportunity to sell for profit.

Nhieu nguoi dan ki vong gia vang se tiep tuc tang cao. Anh: Nhu Quynh
Many people expect gold prices to continue to rise. Photo: Nhu Quynh

Mr. Pham Chi Hoang (residing in Thu Duc City) shared that he planned to sell a tael of gold because he saw that he had made a profit.

"At the end of 2023, I bought 1 tael of gold at about 70 million VND/tael, now the price of gold has increased to more than 96 million VND/tael, so I decided to sell it to invest in some other fields" - Mr. Hoang said.

To avoid speculation and surfing, most gold shops have announced that each person is allowed to buy a maximum of 1 tael of gold ring and 1 tael of SJC gold bar.

According to gold expert Tran Duy Phuong - Director of Golden Fund Gold and Gemstone Company, the recent developments of world gold prices are very unpredictable, so investors need to be cautious. At the same time, investors should not buy gold at this time, the risk of going to the peak is very high because of the high risk, especially when the gap between domestic and world gold prices is quite large.

As of 11:00, the price of SJC gold bars was listed by Saigon Jewelry Company at VND94.3-95.8 million/tael (buy in - sell out). The difference between buying and selling prices is at 1.5 million VND/tael. SJC gold rings are at 94.2-95.7 million VND/tael (buy in - sell out).

At the same time, the price of SJC gold bars was listed by DOJI Group at VND94.3-95.8 million/tael (buy in - sell out). The difference between buying and selling prices is at 1.5 million VND/tael. Gold rings are listed at 94.9-96.3 million VND/tael (buy - sell).

Ngọc Lê
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Gold price update on the morning of March 15: Continuously breaking the peak

Phan Anh (Theo Kitco, Reuters) |

Gold price update on the morning of March 15 increased simultaneously. Plain gold rings hit their highest level in many months.

Gold price increases sharply, breaking all-time peak

Phan Anh (Theo Reuters) |

Gold prices today have surpassed the psychological mark of 3,000 USD/ounce, the uptrend has not stopped.

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Như Quỳnh |

HCMC - Although the gold price is at a very high level, more than 92 million VND/tael, many people still choose to buy gold as gifts for 8.3, both as jewelry and savings.