Recently, domestic gold prices have been continuously increasing. By the afternoon of October 22, in Ho Chi Minh City, SJC and DOJI companies listed the buying price of SJC gold bars at VND87 million/tael and the selling price at VND89 million/tael.
9999 gold ring, SJC Company bought 85.7 million VND/tael, sold 87 million VND/tael. DOJI Company bought 86.60 million VND/tael and sold 87.60 million VND/tael.
On October 22, at some large gold shops in Ho Chi Minh City, the number of customers coming to buy gold was quite crowded. However, most of the shops announced that they were out of gold and selling very little.
"I choose gold as a storage channel, so when I have money, I also want to buy some, but at this time, buying gold is very difficult. Online channels are always out of stock, and stores outside are out of stock" - Mr. Cao Ngoc Quy (living in District 3) shared.
Not only considering buying, some people with gold also think about selling to take profit when gold prices continuously hit new peaks, making gold shops busier.
"At first, I bought gold to save for myself, and now I have made a lot of profit. After consulting many people, I sold it. I also choose large, branded stores to trade for prestige and assurance" - Ms. Dang Thi Thanh (living in District 5) said.
According to expert Tran Duy Phuong - Director of Golden Fund Gold and Gemstone Company, the gold price is increasing quite rapidly, there is a high possibility that there will be a price crash and price adjustment. Therefore, investing in gold at this time is quite risky, buyers and sellers must be cautious. People should not buy gold if it is not really necessary. Those who have bought gold before and made a profit should also consider selling when they have achieved the desired profit.
The Ho Chi Minh City Market Management Department also informed that the unit will continue to focus on coordinating with functional agencies to strengthen professional measures to inspect and control the gold market.
The Market Management Department develops and implements a specialized inspection plan for gold products; strengthens local management; proactively coordinates with local authorities, especially with the police forces of districts, The State Bank of Vietnam, Ho Chi Minh City branch, to closely monitor and strictly handle acts of smuggling, goods of unknown origin, counterfeit goods, etc.
