Record high gold price, investors jostle to "buy the peak"

    Phương Anh |

    The price of gold rings continues to hover at record highs, many people are still lining up at gold shops waiting to buy.

    "Taking root" before the store opened

    According to Lao Dong reporters today (September 29), on Tran Nhan Tong Street (Hai Ba Trung, Hanoi), people continue to line up at some large branded gold stores after a week of high gold ring prices. In contrast, for gold bars, there are very few transactions at the present time.

    Nhieu nguoi lua chon mua nhan tron thay vi vang mieng du gia vang dang tang cao. Anh: Phuong Anh
    In some stores, many people lined up to buy plain round rings even though the price of gold was very high. Photo: Phuong Anh
    Nhieu nguoi do ve xep hang tai mot cua hang tren duong Tran Nhan Tong de cho mua vang nhan. Anh: Phuong Anh
    Many people lined up at a store on Tran Nhan Tong Street to wait to buy gold rings. Photo: Phuong Anh

    All this week, most gold shops have not announced the opening time for selling gold rings. That is why Ms. Nguyen Thanh Mai (Hai Ba Trung, Hanoi) chose to come before the store opened to "hunt" for plain round rings.

    "Taking advantage of the weekend, I prepared cash and arrived very early to wait to buy plain gold rings. Luckily today I was the first person standing in front of the store so I hope to buy it quickly" - Ms. Mai said.

    Similar to Ms. Mai, Mr. Ta Ngoc Hai (Ly Thuong Kiet, Hanoi) said: "People who come to sell gold have transactions very quickly, they don't have to wait in line like people buying rings like me.

    Last time I also bought gold bars but now I switched to rings because I see the price increasing so I also hope to be able to store it and make a profit in the near future."

    Ms. Pham Thi Nga - who just lined up for the first time today at a gold shop on Tran Nhan Tong Street - shared: "I don't have time to wait in line to buy gold like everyone else. However, seeing that the price of gold rings increases every day, I decided to go buy it this morning for short-term investment. I came to this street early to wait, and it's been 2 hours now and I still haven't seen any gold for sale."

    Cung con pho Tran Nhan Tong (Ha Noi), mot so cua hang kinh doanh vang nho le lai rat vang ve. Anh: Phuong Anh
    Most of the stores that opened for sale of plain round gold rings recorded a large number of customers, requiring them to queue. On Tran Nhan Tong Street (Hanoi), some small gold shops were very deserted. Photo: Phuong Anh
    Tai thoi diem ghi nhan, cua hang kinh doanh vang nho le tai Ngoc Lam (Long Bien, Ha Noi) gan nhu khong co khach giao dich. Anh: Phuong Anh
    At the time of recording, a gold shop in Ngoc Lam (Long Bien, Hanoi) had almost no customers. Photo: Phuong Anh

    Gold price update

    As of 11:00 a.m. on September 29, the price of SJC gold bars was listed by DOJI Group at VND81.5 - 83.5 million/tael (buy - sell). The difference between the buying and selling prices of SJC gold at DOJI Group was VND2 million/tael.

    Meanwhile, Bao Tin Minh Chau listed the price of SJC gold at 81.5 - 83.5 million VND/tael (buy - sell). The difference between the buying and selling price of SJC gold at Saigon SJC Jewelry Company is at 2 million VND/tael.

    At the same time, the price of 9999 Hung Thinh Vuong round gold ring at DOJI was listed at 82.75 - 83.45 million VND/tael (buy - sell).

    Bao Tin Minh Chau also adjusted the price of plain round gold rings to increase to 82.54 - 83.44 million VND/tael (buy - sell).

    The world gold price is currently listed on Kitco at 2,658.55 USD/ounce.

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