On the morning of April 25, the Tran Nhan Tong street area (Hai Ba Trung ward, Hanoi) - where many gold and silver shops are concentrated - recorded crowded scenes of people queuing to buy gold. Right from the beginning of the hour, many shops were already packed with customers.
According to reporters' records, domestic gold prices continue to increase compared to previous days, increasing people's demand for buying gold. Many people accept waiting for a long time or moving through many different locations to buy gold.
Sharing with reporters, Ms. Do Thi Mai (35 years old, Cau Giay ward) said that she had to go through two areas to buy the desired amount of gold. "This morning I went to a store in Cau Giay but they said they were out of stock. Then I went to Tran Nhan Tong, queued for nearly an hour to buy 1 tael of gold and was returned immediately. Today's price is higher than a few days ago, but I still decided to buy because I was afraid it would increase further" - Ms. Mai shared.
According to Ms. Mai, moving between many stores in the same morning is quite common in the context of a sharp increase in customers. "Not only me but many people also have to go from place to place because each place is out of stock or has limited sales quantities" - she added.
Meanwhile, Mr. Tran Van Hung (Bach Mai ward, Hanoi) said that he chose to buy gold at the weekend because the listed price is fixed during the day. "In normal days, the price changes continuously, sometimes it's different after a few hours. At the weekend, the price remains unchanged during the day, so I find it easier to consider" - Mr. Hung said.
However, Mr. Hung also said that buying gold at the weekend means having to accept more crowds. "This morning, I arrived quite early but still had to queue. Crowded but everyone patiently waited. The store I chose is selling unlimitedly to each customer and is returned immediately, I plan to buy 6 taels of gold" - he shared.
Sharing the same waiting situation, Ms. Pham Thu Ha (Hai Ba Trung ward) said that her purpose of buying gold is to make long-term savings assets. "I don't buy it for short-term investment, but consider gold as a savings. Every time I have free money, I buy a little. I am queuing to buy 3.5 taels of gold" - Ms. Ha said.
According to Ms. Ha, the increase in gold prices does not significantly affect the purchase decision. "Prices may fluctuate, but I am determined to keep them for a long time, so I am not too worried" - she said.
Gold price update
As of 9:50 am, SJC gold bar prices were listed by DOJI Group at the threshold of 166.3-16.8 million VND/tael (buying - selling), an increase of 100,000 VND/tael in both buying and selling directions compared to yesterday morning.
Phu Quy Jewelry Group listed SJC gold bar prices at the threshold of 166.3-16.8 million VND/tael (buying - selling), an increase of 100,000 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 165.8-168.8 million VND/tael (buying - selling), an increase of 100,000 VND/tael in both buying and selling directions compared to yesterday morning.
Phu Quy Jewelry Group listed the price of gold rings at the threshold of 165.8-168.8 million VND/tael (buying - selling), an increase of 100,000 VND/tael in both buying and selling directions compared to yesterday morning.
The upward momentum of the international market is affecting domestic gold prices. People need to be cautious and avoid following 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.
See more news related to gold prices HERE...
