Gold price skyrockets, gold shops in Ho Chi Minh City sell in small drops

HẠ MÂY |

HCMC - With gold prices continuously hitting new peaks, many gold shops in HCMC are in a state of scarcity of gold bars, forced to sell limited quantities.

On August 31, it was noted that on some streets with many gold shops such as Le Thanh Ton, Nhieu Tam, An Duong Vuong... the number of visitors coming and going was quite bustling. However, instead of buying gold as easily as before, many people said that they have to go to many places to be able to trade.

A representative of a gold shop on An Duong Vuong Street said: "The source of SJC gold bars is currently almost only at SJC Company, while private enterprises are out of stock or only sell in very limited quantity. We can only sell gold rings, each customer can have a maximum of one tael to ensure even distribution to many people".

Meanwhile, people are still rushing to buy because they are worried that prices will continue to increase. Ms. Tran Thi Thu Hong (residing in Gia Dinh ward) shared: "I buy gold mainly for storage, although the price is high, I am afraid that I will hesitate and increase it in the next few days. The gold shop only allowed me to buy 1 tael of ring but I still took the opportunity to buy it.

With the same mentality of hoarding, Mr. Phan Van Tam (Tan Thuan ward) shared: "Large gold shops are always crowded, gold bars are difficult to buy. I had to stop by a small, reputable store near my house to buy 1 tael of gold rings.

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Amid the gold price fever, many people still bring gold to large stores to sell, but buying pressure is still overwhelming. Photo: Ha May

According to experts, the gap between domestic and world gold prices is still high, people need to consider buying in large quantities.

Currently, SJC Company is still the unit with SJC gold bars in circulation. Meanwhile, many private gold shops are mainly selling gold rings, in the form of limiting the quantity to avoid the situation of buying goods.

Today (8.31), gold prices continuously hit new peaks in the domestic market.

The price of SJC gold bars is listed by large enterprises such as PNJ, SJC, DOJI at 129.1 million VND/tael for buying and 130.6 million VND/tael for selling. The price of gold rings at SJC is 122.5 - 125.0 million VND/tael (buy - sell), at DOJI is 122.5 - 125.5 million VND/tael (buy - sell).

HẠ MÂY
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