On the morning of December 12, the domestic price of plain round gold rings and gold bars increased simultaneously at all brands. At a gold shop on Cau Giay Street, Hanoi, sellers take profits and overwhelm buyers.
According to information issued from the store, the quantity of plain round gold rings sold this morning is unlimited, people who want to buy them move to the 2nd floor to transact. On the other hand, due to the continuous increase in the number of people in need of selling, the store had to issue queuing phieu.
By 10am this morning, the waiting order for the turn to sell had reached 79. Ms. Nguyen Thi Nhu (Tay Ho ward, Hanoi) was surprised by the bustling scene of selling: "Before me, there were more than 50 people waiting. The price of gold has increased, so many people are selling, few people dare to buy at this time. Selling under 3 trees will receive money immediately, the larger quantity will have a waiting list of 5 days later. I will return after recording the votes, it will take another hour for my turn".
Also waiting after writing the phieu, Ms. Bui Minh Hang (Cau Giay, Hanoi) - a private gold trader - shared: "The gold price does not fluctuate too much, only within the range of 15 million VND/tael, I dare not "hold gold" anymore so I go to sell. Learning from the experience of the previous period, I bought right at the time when gold was at its peak, nearly 16 million VND/tael, when I sold it, I lost nearly 1 million VND/tael".
According to the reporter's records, when many sellers are taking profits, the "selling for hire" service also appears. A person who claimed to be selling for hire said: "I just got the voucher so I can't get any more, I have to ask someone else. I went to sell 3 taels of gold to the household, each tael of gold I was paid 100,000 VND".
"Yesterday, I had to wait from 10am to 12:30 to sell 1 tael of gold. The shop calls to take turns buying and selling, not dividing it into 2 floors like today" - this person said.
Not only interested in gold products, Ms. Ngo Thu Hien (My Dinh, Hanoi) - a customer who buys both silver and gold - said: "I bought about 10 million VND worth of silver products, scheduled to be sold 90 days after receiving the goods, but when I wanted to sell, I only needed to carry the invoice".
Gold price update
As of 11:21 on December 12, the listed price of SJC gold bars was 153.6-155.6 million VND/tael (buy - sell), an increase of 1.1 million VND/tael.
Bao Tin Minh Chau listed the price of SJC gold bars at 153.6-155.6 million VND/tael (buy - sell), an increase of 1.1 million VND/tael in both directions compared to the previous session's closing price.
At the same time of the survey, SJC listed the price of plain round gold rings at 150.5-153 million VND/tael (buy in - sell out), an increase of 900,000 VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 152-155 million VND/tael (buy in - sell out).
On the world market, as of 11:23 on December 12 (Vietnam time), world gold prices reversed and dropped, listed around 4,267.1 USD/ounce, down 12 USD.
