According to Lao Dong reporters on the first day of the new year (January 1), the price of plain round gold rings and domestic gold bars remained unchanged. At gold shops on Cau Giay street, Hanoi, the number of people in demand continuously increased.
According to information released from the store, each customer is allowed to trade a maximum of 5 taels of plain round gold rings. However, in reality, people only receive 1-3 taels of gold, if they want more, they can wait until January 10, 2025.
Ms. Vu Thi Ha (Xuan Phuong ward, Hanoi) - a customer waiting for the transaction - said: "A few months ago, I bought and stored more than 10 taels of gold, at that time the buying price was only more than 112 million VND/tael, at one point I bought for just over 90 million VND/tael. I think it's no longer too difficult to buy now, but today there are many people queuing in front of me, it will probably take 2-3 hours to complete the transaction".
As for Ms. Bui Thi Chon (My Dinh, Hanoi), the journey to buy gold has been arduous in the past 3 days. Ms. Chon shared: "Two days ago, I arrived at 8:30 am, but when it was my turn, I was about to move in to transact at the store announcing temporary out of stock. Yesterday, I passed by here and saw it was too crowded, even if I queued, I wasn't sure to buy. Now I left early hoping to have gold in hand".
Ms. Chon decided to spend the whole morning waiting to own 3 gold taels.
Similarly, for many young people like Ms. Nguyen Hong Minh (Ha Dong, Hanoi) - a customer who came to buy - said: "Young people like me will save a little to buy gold as much as they can. I planned to buy only 0.5 chi but waited for such a long time, so I planned to buy 1 chi of plain round gold ring as a New Year's lucky money.
Gold price update
As of 11:40 am on January 1st, the listed SJC gold bar price was 150.8-152.8 million VND/tael (buying - selling), down 1.6 million VND/tael compared to yesterday's price in both directions.
Bao Tin Minh Chau listed the price of SJC gold bars at 150.8-152.8 million VND/tael (buying - selling), simultaneously down 1.6 million VND/tael.
At the same time as the survey, SJC listed the price of plain round gold rings at the threshold of 145.9-148.9 million VND/tael (buying - selling), both down 1.6 million VND/tael.
Bao Tin Minh Chau listed gold ring prices at the threshold of 152-155 million VND/tael (buying - selling), down 500,000 VND/tael in both directions compared to the same time yesterday morning (December 31).
On the world market, as of 11:44 am on January 1 (Vietnam time), world gold prices continuously reversed, listed around the threshold of 4,317.6 USD/ounce, down 20.1 USD.
