Gold price increases to 118 million VND/tael, many people in Ho Chi Minh City rush to buy

NGỌC LÊ |

HCMC - On April 17, the gold market in HCMC continued to maintain a strong increase, with the price of SJC gold bars reaching 118 million VND/tael.

According to Lao Dong at the headquarters of Saigon Jewelry Company SJC (District 3, Ho Chi Minh City), since morning, there have been many customers lining up to buy gold. The parking lot here is also overloaded, many customers have to go home. The buying and selling atmosphere here is quite bustling but there are still few customers selling, mainly buying.

Holding more than 300 million VND to buy gold bars, Mr. N.H.'s family living in (District 10) said: "My family of 3 came here early to queue up to buy gold. Choosing to buy gold at this time is just to save and worry about the price will increase sharply".

Hang dai nguoi dan cho giao dich tai tru so Cong ty SJC sang 17.4. Anh: Ngoc Le
A long line of people waiting to trade at SJC Company headquarters on the morning of April 17. Photo: Ngoc Le

Present at Saigon Jewelry Company SJC since 9:00 a.m., Ms. Thanh Ha (living in Tan Binh District) said: "Yesterday I stopped by the store late so I came back today. The number of customers buying is too large, so we have to wait, the waiting takes about 15-20 minutes. I saw 5-6 times more people lining up than yesterday.

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The higher the gold price, the more bustling the number of customers trading. Photo: Ngoc Le

At Mi Hong gold shop (Binh Thanh district), the scene of lining up to buy gold also recurred. The store representative said that in recent days, there have been many customers since the opening, and as the price of gold continues to increase, the number of people coming in has increased. Gold shop staff had to coordinate and arrange to avoid traffic jams in the morning.

Khach hang xep hang dai truoc cua hang Mi Hong (quan Binh Thanh). Anh: Ngoc Le
Customers line up in front of Mi Hong store (Binh Thanh district). Photo: Ngoc Le

The large number of customers has caused this store to run out of gold to sell at some point. However, dozens of people are still patiently lining up to buy as soon as they have gold.

"I waited for more than 30 minutes but still didn't have gold, knowing clearly that buying gold at this time is not easy, so I have to be patient. The price of gold has increased, but even if I have money, I can't buy it, it will take me more than a month's salary to buy gold at this time" - Ms. Dang To Uyen, living in Binh Thanh District said.

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Concerns about further gold prices are the reason why many people rush to buy gold from early morning. Photo: Ngoc Le

At 10:00 on April 17, in Ho Chi Minh City, the price of SJC gold bars was purchased by Saigon Jewelry Company SJC and DOJI Group at VND 115.5-118.0 million/tael (buy in - sell out).

The price of gold rings at DOJI is listed at 114.0-117.0 million VND/tael (buy in - sell out). Saigon Jewelry Company SJC listed 113.8-117.0 (buy in - sell out).

NGỌC LÊ
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Domestic gold prices increase dramatically, the market is too excited

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Gold price breaks peak, exceeding 115 million VND/tael

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