Gold price increases, many sellers take profits

Hạ Linh |

Gold prices returned to the upward momentum, the store did not limit the number of sales, causing many people to come and sell to make a profit.

Recorded by Lao Dong reporter on the morning of December 3, the domestic price of plain round gold rings and gold bars increased simultaneously at some brands. At a gold shop on Cau Giay Street, Hanoi, the number of sellers increased dramatically.

Ben canh nguoi co nhu cau mua vao - ban ra mat hang truyen thong, nguoi dan tham khao them cac mat hang trang suc. Anh: Ha Linh
In addition to people who want to buy and sell traditional gold products, people also refer to jewelry products. Photo: Ha Linh

In this morning's trading session, the store did not limit the number of purchases, people could discuss them daily. However, those who want to buy 2 taels of gold will be "holding" gold directly in hand, with a larger quantity, waiting time from 5-6 days.

Informing reporters, the store employee said that in the past 2-3 days, people with a high demand for sales have increased. Due to the large quantity purchased, the store has many sources of goods to sell to people who want to buy.

After writing the form, Ms. Tran Thi Thu (Tay Ho ward, Hanoi) waited for her turn to make a transaction - shared: "At the end of the year, my family plans to build a house on a piece of land available, so I will take as much as I save to make a profit. Today I sold about 20 taels of gold, although the purchase price today is not as high as the beginning of the week, but it has increased compared to yesterday".

Luong nguoi do ve cac cua hang ban ra chot loi tang cao dip cuoi nam. Anh: Ha Linh
The number of people flocking to gold shops to sell to make a profit increased at the end of the year. Photo: Ha Linh

With the same need to sell as Ms. Thu, Mr. Vu Hung Quang (My Dinh, Hanoi) as many others decided to go to the gold shop to make a profit. Mr. Quang said: "As soon as I parked the car outside the gold shop, many people asked to buy or sell, being cautious, so I still went into the shop to exchange 5 taels of gold rings. Although selling outside is at a higher difference and the time is faster, I have only sold in stores so far".

Ms. Bui Hoa Le (Cau Giay, Hanoi) chose to sell today - said: "I only sell 5 taels of plain round gold rings, I can receive cash immediately, many people who sell large quantities will set a date to pay. I bought at that time at around VND98 million/tael for gold rings, now I am making a profit of more than VND5 million/tael".

Gold price update

As of 11:30 on December 3, the price of SJC gold bars was listed at VND152.8-154.8 million/tael (buy in - sell out), an increase of VND300,000/tael in both directions.

Bao Tin Minh Chau listed the price of SJC gold bars at 153.3-154.8 million VND/tael (buy in - sell out), the trend is flat.

At the same time of the survey, SJC listed the price of plain round gold rings at 150.3-152.9 million VND/tael (buy in - sell out).

Bao Tin Minh Chau listed the price of gold rings at 151.2-154.2 million VND/tael (buy - sell), down 300,000 VND compared to early in the morning.

In the world market, as of 11:30 a.m. on December 3 (Vietnam time), world gold prices continued to increase, listed around 4,222.5 USD/ounce, up sharply by 17.1 USD.

Hạ Linh
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