Gold price remains high, Ho Chi Minh City residents are cautious about taking profits

HẠ MÂY |

In Ho Chi Minh City, the selling and buying prices of gold are both attractive, so on weekends, many customers come to stores to trade.

According to Lao Dong, on March 30, some gold shops in District 3, District 5, Binh Thanh District... were bustling with customers waiting for gold transactions. On weekends, Saigon Jewelry Companies SJC closed, so people focused on other major brands.

Present at Mi Hong store (Binh Thanh district) to buy 1 tael of plain gold ring, Ms. Tran Minh Tam (living in Go Vap district) said: "At this time, the price of gold is quite high, but I do not sell but buy more and listen to the situation because it may increase in the near future".

Meanwhile, selling a quantity of gold, Mr. Nguyen Van Hung (living in District 12) said he had made a profit after nearly 4 years. 10 days ago, I took a tael of gold to sell because the price increased to nearly 101 million VND/tael. Now I continue to sell because I bought this gold in 2022, at this time I sold it and I had the desired profit".

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Mi Hong store is crowded with customers. Photo: Ha May

According to Dr. Nguyen Tri Hieu - Director of the Global Institute for Financial and Real Estate Market Research and Development, it is forecasted that in the next 6 months, domestic gold prices will continue to increase. However, there will be intermittent price reductions.

At this time, whether or not to take profits depends on the investor's goals. The gold market is currently very hot, if buying, you need to be careful because the price is at a high level and can decrease at any time.

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Investors need to consider buying gold at this time. Photo: Ha May

At the end of the weekend trading session, in Ho Chi Minh City, the price of SJC gold bars was listed by Saigon Jewelry Company SJC and DOJI Group at 98.4-100.7 million VND/tael (buy - sell).

The price of gold rings at DOJI is listed at 98.4-100.7 million VND/tael (buy in - sell out). Saigon Jewelry Company SJC listed 98.2-100.4 (buy in - sell out).

HẠ MÂY
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Gold and foreign currency prices 30.3: All increased

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According to Kitco, gold prices remained near a record high as the US PCE index increased by 2.8% over the past 12 months.