Recorded by Lao Dong reporter on the morning of December 1, the domestic price of plain round gold rings and gold bars increased simultaneously at all brands. At a gold shop on Cau Giay Street, Hanoi, buyers can only trade gold rings, there are no more gold bars.
Compared to weekends, the shop does not limit the number of transactions, this morning's opening session, each person can only buy a maximum of 50 taels of gold rings. Those who want to buy 2 taels of gold will be "holding gold" directly in hand.
People who want to buy do not need to wait in line outside the waiting hall, sitting in turn waiting for their turn to trade inside the store. Mr. Tran Cong Minh (Tay Ho ward, Hanoi) looking forward to his turn to share: "I need to buy 5 taels of plain round gold rings as a wedding gift for my grandchild, now I am too in a hurry, I am trying to ask the shop to see if it is a priority first so I can't be on time. I thought buying gold bars would not require waiting in line, but the shop said it was out of stock. The product is not separated, only cast into 5 taels of gold rings".
Mr. Minh added that if the waiting time was prolonged, he and his relatives would exchange it to give cash.
As for Mr. Nguyen Thanh Tung (Hai Ba Trung ward, Hanoi) who accumulated idle money, he said: "At the moment I am unemployed, I have some savings after many years of working, so I want to invest in gold to make a profit. Over the past week, gold prices have been increasing continuously, I have bought from 148.4-150.4 million VND/tael now to 153.7-155.7 million VND/tael, with an additional profit of 5.3 million VND/tael in both directions".
In addition to those who want to buy, the number of sellers taking profits continues to increase. Ms. Ho Nguyen Hanh (Cau Giay, Hanoi) said: "My daughter gets married at the end of this month, needs to worry about many things, so I sell to make a profit, hoping to return to shore safely. I bought when the gold ring was only 10.8 million VND/tael, if I needed to sell it, I would sell it, but I would not keep it for savings".
Gold price update
As of 11:00 on December 1, the price of SJC gold bars was listed at 153.7-155.7 million VND/tael (buy - sell), an increase of 800,000 VND/tael in both directions.
Bao Tin Minh Chau listed the price of SJC gold bars at 154.2-155.7 million VND/tael (buy - sell), an increase of 500,000 VND/tael.
At the same time of the survey, SJC listed the price of plain round gold rings at 149.7-152.2 million VND/tael (buy in - sell out), an increase of 700,000 VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 152.2-155.2 million VND/tael (buy in - sell out).
In the world market, as of 11:00 a.m. on December 1 (Vietnam time), world gold prices continued to increase, listed around 4,236.6 USD/ounce, up sharply by 18.9 USD.
