According to Lao Dong newspaper on December 26, at some gold shops in Hanoi, there are no longer long lines of customers waiting to buy gold. SJC gold bars are out of stock, and plain gold rings are only sold in very small quantities.
Ms. Le Thi Xinh (Long Bien District, Hanoi) - a customer buying gold at a large gold store on Tran Nhan Tong Street - shared: "When I arrived at 10:30 am, the store announced that it was out of stock, anyone who came to buy had to line up to get a number and was limited to buying only 1 tael/person. The staff informed that they did not know when the sale would open, it would be a waste of time to travel, so I sat here waiting for the sale to open and bought it right away."
Also waiting since morning, Mr. Vu Le Hoan (Thuong Tin, Hanoi) indignantly said that a few days ago, when the gold price dropped, he had to queue all day but could not buy a tael of gold. When he came to buy gold, he had to wait for a coupon like in the old subsidy days.
“My daughter is getting married soon, I want to buy some threads for her dowry but it is difficult. There are days when I have to wait here all day, when it is my turn, the goods are out of stock” - Mr. Hoan shared dejectedly.
At 2:30 p.m. the same day, staff at a store on Tran Nhan Tong Street (Hai Ba Trung District) still announced that the gold was out of stock and would only accept returns for those who had previously signed contracts.
As of 3:00 p.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND82.5 - 84.5 million/tael (buy - sell). The difference between the buying and selling prices of SJC gold at Saigon Jewelry Company is VND2 million/tael.
The price of 9999 Hung Thinh Vuong round gold ring at DOJI is listed at 83.5 - 84.5 million VND/tael (buy - sell).
Experts also recommend that people should be careful when investing in gold at this time, as there is a possibility of heavy losses due to fluctuations in gold prices.
