According to Lao Dong on February 13, at large gold shops in Ho Chi Minh City, the number of customers coming to trade was bustling. Many customers saw the gold price increase again after a sharp decline yesterday (February 12), so today they took their gold to take profit.
“I chose gold as an investment channel, so when I see the price is safe, I will sell it. When I bought it in early November 2024, the price was 84.8 million VND/tael. Today, I sold it and made a profit.” - Mr. Tran Anh Hoang (living in Thu Duc City) said.
At Mi Hong store (Binh Thanh district), the purchasing area is also crowded with customers. Customers sell gold from a few taels to a few taels. The store also prepares to sell a lot of gold bars and gold rings, from 0.5 taels to 1 tael, but the number of purchases is quite low.
Representatives of many gold shops in Ho Chi Minh City also confirmed that today, selling pressure still overwhelmed buying pressure.
According to gold expert Tran Duy Phuong, the trend of gold prices in the coming time is still upward, however in the short term, gold prices are likely to have adjustments.
Investors should not buy at this time but should wait until the end of February or the beginning of March for a higher rate of return. If not really necessary, wait for the price to recover and then sell gold, avoid buying and selling according to trends.
On the afternoon of February 13, SJC Company listed the price of SJC gold bars at VND87.7 million/tael for buying and VND90.7 million/tael for selling, a slight increase compared to this morning. SJC gold rings were at VND87.7-90.5 million/tael (buying - selling).
DOJI Group also listed the price of SJC gold bars at 87.7-90.7 million VND/tael (buy - sell).
