Gold prices surge, many people buy in

Domestic gold prices reversed and increased sharply on the morning of June 12, leading to a significant increase in customers coming to gold and silver stores in Hanoi. According to reporters' records at some gold trading stores on Cau Giay street (Hanoi), many people took the opportunity to trade with the psychology of worrying that prices will continue to increase in the coming days.

Ms. Do Thi Huong (Nghia Do ward, Hanoi) said that this morning she decided to buy 1 chi of gold rings to pay the debt she had promised to her relatives in advance.

I borrowed 1 tael of gold from my family a few months ago. Today I see gold increasing continuously, so I am quite anxious. If I continue to wait, who knows, tomorrow or the day after tomorrow the price will increase again. So this morning I took the opportunity to buy it right away to pay off debts for peace of mind" - Ms. Huong shared.

According to Ms. Huong, although gold prices are currently high, completing the promised obligation is still more important than waiting for market fluctuations.

Besides those who buy gold to solve personal needs, many customers choose to buy gold as a form of savings.

Mr. Tran Van Hung (Cau Giay ward, Hanoi) said that he has maintained the habit of buying gold periodically from the beginning of the year until now.

I don't buy a lot at once but accumulate gradually. Every time I have free money, I buy a little more. Today I bought an extra 1 tael of plain round gold ring. Including the gold I bought from the beginning of the year, currently I have a total of 6 taels of gold" - Mr. Hung said.

Mr. Hung said that he buys gold regularly from the beginning of the year, so each transaction is at a different price level. For him, short-term fluctuations are not too important factors.

I decided to buy it for long-term savings, so I don't put much emphasis on today's profit or loss. The important thing is to maintain the habit of steady asset accumulation. However, I still have savings in cash to avoid risks" - Mr. Hung added.

Meanwhile, Ms. Pham Thu Trang (Cau Giay ward, Hanoi) just completed a transaction to buy 2 taels of gold rings and was returned the goods right at the store.

I have a small savings amount, so I want to switch to keeping gold. Depositing in bank savings is stable, but I still want to diversify assets. Seeing that gold prices are increasing, I am also a little worried that they will continue to increase, so I decided to buy it right away" - Ms. Trang said.

According to Ms. Trang, the number of customers coming to transact this morning was quite large, so she had to wait for a while before it was her turn to buy gold.

I arrived from early morning but still had to wait quite a long time to finish the transaction. However, the store also arranged an automatic gold selling switch, so the buying and selling in general still took place quite orderly" - Ms. Trang said.

Gold price update

As of 12:00 on June 12, SJC gold bar prices were listed by DOJI Group at the threshold of 142.4 - 145.4 million VND/tael (buying - selling); an increase of 9 million VND/tael on the buying side and an increase of 7 million VND/tael on the selling side compared to early this morning.

Bao Tin Minh Chau listed SJC gold bar prices at the threshold of 142.4 - 145.4 million VND/tael (buying - selling); an increase of 8.7 million VND/tael on the buying side and an increase of 6.7 million VND/tael on the selling side compared to early this morning.

At the same time, DOJI Group listed gold ring prices at the threshold of 142.5 - 145.5 million VND/tael (buying - selling).

Bao Tin Minh Chau listed SJC gold bar prices at the threshold of 142.4 - 145.4 million VND/tael (buying - selling).

At 9:17 am, world gold prices were listed around the threshold of 4,191.9 USD/ounce, up 126.4 USD compared to the previous day.