Gold ring prices increase sharply, stores are bustling with people waiting to buy

Recorded by Lao Dong reporter on November 25, at some gold shops in Hanoi, the situation of people lining up in front of the door waiting to buy gold rings continued.

Gold rings are very difficult to buy at this time because many gold shops continue to limit the quantity and opening hours each day. Meanwhile, most stores have announced that they are out of gold bars.

Ms. Do Minh Ha (Cau Giay Ward, Hanoi) - a customer who came to buy gold rings at a gold shop on Cau Giay Street - shared: "This morning, I went to the shop and was informed by staff to open a maximum of 5 taels of gold rings for one person and no gold bars. Customers will queue outside and get into transactions one by one."

Ms. Ha added that because the store does not accept deposits or online transactions, if the goods are out of stock, she will return another day.

Similarly, Mr. Do Nam Phuong (Nghia Do ward, Hanoi) is also lining up in front of a gold shop on Cau Giay street.

"The price of gold is increasing, so I took the opportunity to buy before the price was higher. I see many people choosing to make transactions quickly, but I still maintain the view of buying using the traditional method of direct at the store.

I was still waiting outside the door, lining up with a maximum of 10 people each. The shop only sells a maximum of 5 taels of gold rings to each person, so I am not sure if I have any more goods when it is my turn" - Mr. Phuong said.

Gold price update

As of 11:10 a.m., DOJI Group listed the price of SJC gold bars at VND150.9-152.9 million/tael (buy - sell), an increase of VND2.5 million/tael in both directions compared to yesterday morning. The difference between buying and selling prices is at 2 million VND/tael.

The price of SJC gold bars was listed by Bao Tin Minh Chau at 151.4-152.9 million VND/tael (buy - sell), an increase of 2.5 million VND/tael in both directions compared to yesterday morning. The difference between buying and selling prices is at 1.5 million VND/tael.

At the same time, DOJI Group listed the price of gold rings at 148.7-151.7 million VND/tael (buy - sell), an increase of 2.6 million VND/tael in both directions compared to yesterday morning. The difference between buying and selling is 3 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 149.9-152.9 million VND/tael (buy - sell), an increase of 2.4 million VND/tael in both directions compared to yesterday morning. The difference between buying and selling is 3 million VND/tael.

At 11:03, the world gold price was listed around 4,141.5 USD/ounce.