Domestic gold prices surged sharply in the morning trading session today, May 12, attracting increased customers to gold and silver business stores on Tran Nhan Tong street (Hai Ba Trung ward, Hanoi).
Recorded by reporters in the area considered the "golden street" of Hanoi, the trading atmosphere is much more bustling than in previous days. People line up waiting for their turn to transact, while staff continuously guide customers to complete buying and selling procedures. Although the number of customers has increased sharply, trading activities at stores are still stable.
Present at the store early, Ms. Vo Thu Ha (Bach Mai ward, Hanoi) said that she decided to buy more gold rings after following market developments for many days.
I see gold prices increase sharply again, so I take advantage of buying 2 gold taels more to make long-term savings assets. In my opinion, gold is still a safe asset holding channel, so I prioritize buying at this time" - Ms. Ha shared.
According to Ms. Ha, although gold prices are at a high level, she still accepts buying because she is worried that prices may continue to increase in the near future if the world market continues to fluctuate strongly.
Ms. Ha added that the number of customers coming to transact at the store this morning was quite large, but she proactively came early, so the gold buying process took place smoothly and quickly.
I arrived from early morning, so I completed the procedures quite quickly, after buying, I received gold immediately. Later on, I saw that the number of people coming to transact was much larger because the store did not limit the number of customers buying" - Ms. Ha said.
Meanwhile, Mr. Nguyen Van Duc Minh (Cua Nam ward, Hanoi) chose to buy gold for the purpose of preparing for personal plans at the end of the year.
I plan to hold a wedding at the end of the year, so today I took advantage of buying 5 taels of gold in advance. Recently, gold prices have fluctuated continuously, I am afraid that if left for a long time, the price will increase further, so I decided to buy early to be more proactive" - Mr. Minh said.
Mr. Minh said that the number of customers at the store is more crowded than usual. "After completing the payment, the store delivers gold directly to customers without having to wait to receive gold as in some previous times" - Mr. Minh added.
For Ms. Do Tuyet Ngan (Hai Ba Trung ward, Hanoi), she said she came to the store to buy gold for the purpose of preparing for personal financial plans in the future.
My family has a habit of saving with gold from before until now. When I have free money, I often buy a little to gradually accumulate over time. Even if the current price changes, I still choose to buy because I consider this a form of keeping assets stable. Currently, I am waiting to buy 1 chi of gold rings" - Ms. Ngan shared.
According to experts, the upward momentum of the international market is affecting domestic gold prices. People need to be cautious and avoid chasing the psychology of crowds when gold prices fluctuate strongly, especially in the context that the difference between buying and selling prices is still maintained at a high level.
Gold price update
As of 9:15 am, SJC gold bar prices were listed by DOJI Group at 164-167 million VND/tael (buying - selling), an increase of 600,000 VND/tael in both buying and selling directions compared to yesterday morning.
Bao Tin Minh Chau listed at 164-167 million VND/tael (buying - selling), an increase of 600,000 VND/tael in both buying and selling directions compared to yesterday morning.
At the same time, DOJI Group listed the price of gold rings at 164-167 million VND/tael (buying - selling), an increase of 600,000 VND/tael in both buying and selling directions compared to yesterday morning.
Bao Tin Minh Chau listed at 164-167 million VND/tael (buying - selling), an increase of 600,000 VND/tael in both buying and selling directions.
At 9:15 am, world gold prices were listed around 4,730.1 USD/ounce, up 46.7 USD compared to the previous day.
See more news related to gold prices HERE...
