Gold prices surge, stores stop receiving customers 30 minutes after opening for sale

Hạ Linh |

On March 28, gold prices increased sharply, gold stores were bustling in the buying afternoon. After 30 minutes of opening for sale, the store announced that it would stop receiving customers.

After a day of sideways movement, gold prices increased again in the last trading session of the week. This morning (March 28), plain round gold rings and domestic gold bars increased sharply.

At a gold business store on Cau Giay street (Hanoi), the trading atmosphere was bustling. However, only 30 minutes after opening for sale, the store announced temporary out of stock, causing many people to leave.

As of 9:39 am, according to information released from the store, the amount of plain round gold rings sold today is a maximum of 2 taels of gold. If customers need to buy positions of 0.5-3 taels of gold, they will be able to trade directly, and more quantities will receive appointment slips until April 19.

Traveling 15km to the gold shop with a need to buy, Ms. B.D. L (Hoai Duc commune, Hanoi) had to turn around and leave when she received the latest notification.

Today I arrived late, when I arrived at the store, it was announced that I would not accept more customers. The store only accepts customers with red seats, now I just know to go home. I came here by bus, so now I have to wait for a flight to go home. Waiting until the afternoon, I don't know if the store is selling or not, the probability is 50/50, a few days ago in the afternoon it was not sold" - Ms. L said.

Những khách hàng ngồi trong khu vực quy định có ghế đỏ sẽ được giao dịch trong sáng nay. Ảnh: Hạ Linh
Customers sitting in the designated area with red seats will be allowed to transact this morning. Photo: Ha Linh

Similarly, Ms. V.H. G (Lang Ha ward, Hanoi) felt surprised when only 30 minutes after opening hours, the store stopped receiving new customers.

I took the opportunity to go to other gold shops to buy small gold bars from 0.1 only because it's quite easy to buy now, you can buy them right away. I heard a friend say that gold business stores at 15 and 29 Tran Nhan Tong (Hanoi) are crowded, so I went to the facility below Cau Giay. Going to 4 different stores and then returning here, I was late, but after 9:30 am, the gold shop posted a sign saying "temporarily out of stock" - Ms. G shared.

Ms. G added that the house is not too far away, so she agreed to leave. "Tomorrow morning I will come out earlier to buy in, I plan to buy an extra 2 taels of plain round gold rings to accumulate" - Ms. G said.

As for many customers who have completed gold ring transactions, such as Mr. N.T. C (Cau Giay ward, Hanoi) said: "Today it's not too crowded, but by 9:30 am the store did not receive any new customers. I left at 6 am, the waiting number was 15, so I finished buying. Currently I have 6 chi, each piece 3 chi, today I went to buy 2 more chi of gold rings".

Moving to the gold shop by bicycle, Mr. C informed: "The house is nearby, so I ride a bicycle to save money and conveniently park. If anyone needs to buy, I will also sell it, at the listed price of the store.

Gold price update

As of 10:50 AM on March 28, SJC gold bar price was listed at 169.8-172.8 million VND/tael (buying - selling), an increase of 1.2 million VND/tael.

Bao Tin Minh Chau listed SJC gold bar prices at the threshold of 169.8-172.8 million VND/tael (buying - selling), simultaneously increasing by 1.2 million VND/tael.

At the same time as the survey, SJC listed the price of plain round gold rings at 169.6-172.6 million VND/tael (buying - selling), an increase of 1.2 million VND/tael in both directions.

Bao Tin Minh Chau listed the price of gold rings equal to the price of gold bars, currently at the threshold of 169.8-172.8 million VND/tael (buying - selling).

On the world market, as of 10:50 AM on March 28 (Vietnam time), world gold prices had a sharp upward correction, listed around the threshold of 4,493 USD/ounce, up 115.8 USD.

Hạ Linh
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