Gold price increases, stores limit sales

Phương Anh - Thanh Bình |

Gold prices exceeded 100 million VND/tael, people lined up to wait for many hours but gold shops limited their sales.

Only bought for 0.5 taels, many people left frustrated

As soon as he entered the gold shop, Mr. Nguyen Minh Son (Cau Giay, Hanoi) received information that each person could only buy for 0.5 taels and immediately turned around. Mr. Son was surprised by the peak increase in gold:

"Yesterday, the gold price was only at 98.8 million VND/tael, but now it has increased to more than 100 million VND/tael. More than a week ago, I also went to buy gold at this brand, at that time the store allowed me to buy a maximum of 3 taels but now I can only buy half a tael. The more people buy, the higher the price, sometimes the supply is not enough to meet demand".

Mot so ghe ngoi cho o tang 1 trong do nguoi dan bo ve vi cua hang han che ban ra. Anh: Thanh Binh
Some waiting chairs on the first floor were empty because people left when the store limited sales. Photo: Thanh Binh

Meanwhile, in order to save time, Mr. Luu Duc Hung (Ha Dong, Hanoi) said that after receiving the serial number 235 this afternoon, he and his friend went to solve personal work and will return later.

For Ms. Vu Thi Minh (Nam Tu Liem, Hanoi), who lined up from 11am after more than 3 hours of waiting, she was able to buy half a tael of gold.

Ms. Minh shared that due to increased demand, the gold shop has increased sales on the 2nd floor to shorten customers' waiting time.

"When I arrived, I received the serial number 700 but after a while of waiting, a couple with an serial number of more than 500 left because of a long wait, so I asked for that number back from them. But this number of phieu also had to wait until the afternoon to have a trading turn. However, in the morning, people are allowed to buy 1 tael of gold ring, but in the afternoon the shop has decided to sell 0.5 tael to one person" - Ms. Minh added.

Nhieu lua chon bo ve. Anh: Phuong Anh
Gold prices have skyrocketed, many people choose to leave because it is too difficult to buy. Photo: Phuong Anh

Selling people make a profit, others continue to wait to buy

Also at a gold shop on Cau Giay Street, Mr. Nguyen Van Tuan (Bac Tu Liem, Hanoi) decided to continue waiting for his turn to trade after many hours of patience in queue.

"I was at the gold shop on Cau Giay Street from 10:30 a.m. At that time, the number of votes I received was 704. Up to now, it is 14:35, and those who have been waiting since morning are still continuing to trade.

The large number of customers forced the store to adjust the purchase limit from 1 ring to 0.5 ring. However, because I had waited for too long, I still decided to wait so as not to lose the whole session - Mr. Tuan shared.

Anh: Phuong Anh
The orderly number ticket was issued in the morning, but people still patiently waited for their turn to trade. Photo: Phuong Anh

Besides those waiting to buy gold, Ms. Tran Thu Ha (Nam Tu Liem district, Hanoi) - a customer who came to sell gold rings - said:

In early 2024, I bought gold rings both as a store and as a profitable investment. At that time, the purchase price was about 73 million VND/tael. In recent days, I have been continuously following the price list, seeing that gold has reached 100 million VND/tael, so I decided to sell it to make a profit.

Ms. Ha also shared that if the gold price decreases in the near future, she will consider continuing to buy gold.

Da so cac cua hang kinh doanh vang mo ban trang suc binh thuong, dung ban vang mieng SJC va han che ban ra vang nhan tron. Anh: Phuong Anh
Most gold shops open normal jewelry sales, stop selling SJC gold bars and limit the sale of plain gold rings. Photo: Phuong Anh

Gold price update

As of 4:00 p.m. on March 19, the price of SJC gold bars was listed by DOJI Group at 98.3 - 99.8 million VND/tael (buy - sell)

The difference between the buying and selling prices of SJC gold at DOJI Group is at 1.5 million VND/tael.

At the same time, Bao Tin Minh Chau listed the price of SJC gold bars at 98.3 - 99.8 million VND/tael (buy - sell); increased by 900,000 VND/tael for both buying and selling.

The difference between buying and selling SJC gold at Bao Tin Minh Chau is at 1.5 million VND/tael.

The price of Hung Thinh Vuong 9999 round gold rings at DOJI is listed at 98.6 - 100.2 million VND/tael (buy - sell).

Bao Tin Minh Chau listed the price of plain round gold rings at 98.75 - 100.3 million VND/tael (buy - sell)

The world gold price is listed on Kitco at 4:07 p.m. on March 19 (Vietnam time) at 3,024.995 USD/ounce.

Phương Anh - Thanh Bình
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