On November 20, many large gold trading brands in Ho Chi Minh City announced that they had run out of gold rings and gold bars to sell. These stores still buy normally, there is no phenomenon of not buying gold from customers.
At a gold shop on Hai Ba Trung Street (District 1), many customers looking to buy gold were unsuccessful.
“A week ago, I saw information about stores selling unlimited gold, but I didn’t have time to go buy it. Now when I go there, the staff says it’s out of stock,” said Ms. Cao Thuy Hanh (living in Binh Thanh District).
At a large gold shop on Bui Huu Nghia Street, Binh Thanh District, staff said they had no gold to sell, did not accept pre-orders or deposits, and advised customers to come back early the next day.
“I need to buy 5 taels of gold ring but the big stores said they are temporarily out of stock. I will go to smaller stores to buy it,” said Mr. Nguyen Hung (living in Binh Thanh district).
According to Dr. Nguyen Tri Hieu - economic expert - people should choose reputable stores and regularly monitor gold prices. People should allocate their investment money to other investment channels instead of putting all their eggs in one basket.
On the morning of November 20, the price of SJC gold bars at Saigon Jewelry Company (SJC) continued to increase by 700,000 VND/tael in both directions, the listed buying and selling prices are 82.7 - 85.7 million VND/tael. This is also the price at other companies such as DOJI and PNJ Company.
The price of 9999 gold rings at SJC company is currently listed at 82.7 - 84.9 million VND/tael, an increase of 1.2 million VND/tael in both buying and selling compared to yesterday.
PNJ Company currently lists the price of 99.99 plain gold rings at 83.9 million VND/tael for buying and 84.9 million VND/tael for selling.
