On February 26, domestic gold prices recorded a decrease, with SJC gold bar prices down VND300,000/tael, listed at VND89.4 - 91.7 million/tael (buy - sell). In Ho Chi Minh City, many people have taken advantage of selling gold to make a profit because they are worried that the price will continue to decrease.
Recorded at branded gold shops in the city, the number of customers coming to transact is bustling. Ms. Nguyen Linh Thuy, residing in Phu Nhuan District, said she has decided to sell 5 9999 taels of gold at a store on Bui Huu Nghia Street (Binh Thanh District).
"With today's price, I'm profitable because I bought this gold nearly 2 years ago. In the past few days, I have also been listening to the market, because I was afraid that some meals would continue to decrease below VND90 million/tael, I took them to sell" - Ms. Thuy shared.
At Saigon Jewelry Company Limited - SJC (District 3), the number of customers coming to sell gold is also quite bustling.
"My husband and I went to sell our gold savings to save money to buy a house in the near future. At this time, the gold price is at a high level, so it is suitable for sale" - Ms. Kim Thoa (living in District 5) said.
Meanwhile, at stores in the gold and silver street of District 5, Thiec market area (District 11), Ben Thanh market (District 1) ... there are quite a few customers coming to buy and sell. In these areas, gold shops mainly sell jewelry, there are almost no SJC gold bars as well as 9999 gold rings are very limited.
Economic experts recommend that people, in the context of strong fluctuations in gold prices, need to consider carefully before making transactions to ensure personal and family financial safety.
