Gold price breaks out, many people wait to buy even though the store does not sell

Recorded by Lao Dong reporter on October 17, the domestic price of plain round gold rings and gold bars continued to increase.

At gold shops in Hanoi, people's purchasing power is still high. However, most stores announced that they do not have SJC gold bars and plain round gold rings. This makes it difficult for many people who want to buy gold.

Mr. Bui Hoang Nam (Hai Ba Trung ward, Hanoi) - a customer who came to a gold shop on Tran Nhan Tong street to buy gold rings - shared: "Last month, I had to wait a long time to buy, but in the end I still bought 5 taels. Today, I came back and saw that the number of people coming to buy was much larger, but the store announced that it was out of stock so it was not sold."

Similarly, Ms. Do Thu Hang (Cua Nam ward, Hanoi) is also in need of buying gold. Ms. Hang said that she wants to buy gold to save assets, so both gold bars and gold rings are suitable. However, the shop does not sell gold bars or gold rings, only jewelry.

"The employee said that the shop had run out of both gold bars and gold rings, so they temporarily stopped selling. Some people waiting said that yesterday the shop only sold 1 tael of gold rings per person. There are still many people lining up in front of me hoping that they will open for sale by noon" - Ms. Hang shared.

Ms. Hang added that many people come at 5:30 am, so she wondered whether she should stay longer or return.

Gold price update

As of 10:55, the price of SJC gold bars was listed by DOJI Group at 150.7 - 152.2 million VND/tael (buy - sell), an increase of 4.1 million VND/tael for buying and an increase of 3.6 million VND/tael for selling compared to yesterday morning.

The price of SJC gold bars was listed by Bao Tin Minh Chau at 151.7 - 152.2 million VND/tael (buy - sell), an increase of 5.1 million VND/tael for buying and an increase of 3.6 million VND/tael for selling compared to yesterday morning.

At the same time, DOJI Group listed the price of gold rings at 150.6 - 152.1 million VND/tael (buy - sell), an increase of 4.6 million VND/tael for buying and an increase of 3.6 million VND/tael for selling compared to yesterday morning.

Bao Tin Minh Chau listed the price of gold rings at 155 - 158 million VND/tael (buy - sell), an increase of 5 million VND/tael in both directions compared to yesterday morning.

Recorded at 11:00 on October 17 (Vietnam time), the world spot gold price was listed at 4,365.445 USD/ounce.