Gold prices stagnate, many people take advantage of selling to take profits

Hạ Linh |

On July 6, gold prices continued to maintain the price range of last weekend's session. The store recorded a rebound in the number of people coming to sell.

Today (July 6), domestic gold bars and gold rings maintained their price range. Compared to the same time a month earlier, domestic gold bar prices reversed and increased sharply, higher by about 1.2 - 2.2 million VND/tael respectively in the selling and buying directions.

At some gold shops on Cau Giay street (Hanoi), the number of customers coming to transact is smooth. Customers do not need to queue, transaction time is shortened.

According to information released from gold and silver stores, customers can buy and sell according to demand. The quantity of products is paid directly, without receiving appointment slips.

As one of the few customers who bought this morning, Mr. Vu Manh Rong (Nghia Do ward, Hanoi) - said: "I have savings and pension money, so I will occasionally go to the store to see and buy directly, the feeling of being bought by myself is still better. I bought an extra 1 chi of gold because I can buy it in cash.

Besides those who need to buy, the number of customers coming to sell at the store is at number 14. Ms. Vu Thanh Thao (Cau Giay ward, Hanoi) - said: "I just entered the store and was immediately allowed to transact. I have 2.5 taels of plain round gold rings of the brand I want to sell. It is brand gold still pre-packaged, so the transaction process is quick".

Sharing the same psychology, Ms. Le Thu Mai (Thanh Xuan ward, Hanoi) said that she took advantage of taking the accumulated gold rings to sell when prices recovered strongly after many deep declining sessions. According to Ms. Mai, the current price has approached expectations, so she decided to take profits in part, and at the same time keep the rest to continue monitoring market developments.

I don't sell out because I still expect gold prices to fluctuate according to the world economic situation. However, with today's price, I find it reasonable to realize part of the profit when individuals have a need to use it" - Ms. Mai shared.

Recorded at the store, the number of customers coming to transact is quite stable, in which sellers account for a significant proportion. The buying-selling process takes place quickly, customers only take a few minutes to complete the transaction if the gold is still in bulk, with full invoices and meets the conditions according to the company's regulations.

Meanwhile, at some other gold and silver businesses such as Phu Quy, DOJI,... the number of customers is sparse and deserted.

Một số cửa hàng kinh doanh vàng bạc giao dịch thưa thớt, thậm chí có khoảng thời gian vắng vẻ. Ảnh: Hạ Linh
Some gold and silver business stores trade sparsely, even have quiet periods. Photo: Ha Linh

Gold price update

As of 11:05 am on July 6, SJC gold bar prices were listed at the level of 148.4 - 151.4 million VND/tael (buying - selling), unchanged compared to the previous trading session.

Bao Tin Minh Chau listed SJC gold bar prices at the threshold of 147.5 - 151.4 million VND/tael (buying - selling).

At the same time as the survey, the price of SJC plain round gold rings tended to move sideways, listed at 148.3 - 151.3 million VND/tael (buying - selling).

Bao Tin Minh Chau listed the price of gold rings equal to the price of brand gold bars, currently at the threshold of 147.5 - 151 million VND/tael (buying - selling).

On the world market, as of 11:05 am on July 6 (Vietnam time), world gold prices diễn biến in a downward direction, listed around the threshold of 4,161.8 USD/ounce, down 12.4 USD.

Hạ Linh
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