Long queue waiting to buy gold rings
Recorded at 9am on December 20, the price of plain round gold rings dropped sharply, but people's demand for gold did not decrease. Many people chose to line up in long lines to wait for stores to announce sales.
Ms. Nguyen My Hanh (Hoan Kiem district, Hanoi) - a customer who came to buy gold rings at a gold shop on Tran Nhan Tong street, Hanoi - shared:
"Now the stores are often out of SJC gold bars and plain round gold rings. I came here this morning but the staff still hasn't announced when the gold rings will be sold out, so I'm still waiting."
Similar to Ms. Hanh, Mr. Ngo Van Quan (Dong Da district, Hanoi) also wanted to buy gold rings but could not buy them many times.
"I want to buy gold rings but it's too difficult to buy them now. Not having a specific gold sale schedule takes a lot of my time.
Many times I came to the store, before I could even enter the store, the staff announced that all the gold rings were sold out. Today I came here since morning to wait to buy, not knowing if they would sell out or not" - Mr. Quan said.
Ms. Pham Huong Nhi (Hai Ba Trung district, Hanoi) also said she planned to buy 5 taels of plain round gold rings but encountered many difficulties.
"I've been waiting since the store opened and the staff also announced that the store did not sell gold rings this morning. However, there are still a lot of people lining up in front, so I'll probably wait a little longer," said Nhi.
Gold price update
As of 10:20 a.m. on December 20, the price of SJC gold bars listed by DOJI Group was at VND81.6 - 83.6 million/tael (buy - sell); down VND500,000/tael for both buying and selling.
The difference between buying and selling price of SJC gold at DOJI Group is at 2 million VND/tael.
Bao Tin Minh Chau listed SJC gold price at 81.6 - 83.6 million VND/tael (buy - sell); down 500,000 VND/tael for both buying and selling.
The difference between buying and selling price of SJC gold at Bao Tin Minh Chau is at 2 million VND/tael.
At the same time, the price of 9999 Hung Thinh Vuong round gold ring at DOJI was listed at 82.55 - 83.55 million VND/tael (buy - sell); down 600,000 VND/tael for both buying and selling compared to early this morning.
Bao Tin Minh Chau listed the price of gold rings at 82.6 - 83.6 million VND/tael (buy - sell), down 230,000 VND/tael for buying and down 430,000 VND/tael for selling compared to early this morning.
The world gold price listed on Kitco at 10:25 on December 20 (Vietnam time) is at 2,597.095 USD/ounce.
