Although gold prices are still maintained at a high level, Lao Dong reporters' records on March 5th in the Cau Giay street area (Hanoi) showed that many people are still patiently queuing in front of gold shops to wait for their turn to trade.
Many customers said they only buy in small quantities, from one to a few taels of gold, mainly for the purpose of saving.
Ms. Nguyen Thu Lan (Cau Giay ward) said that she waited for nearly an hour to buy 1 chi of gold rings. According to her, although gold prices are high, buying little by little is still a way to save for a long time.
High prices are indeed a bit hesitant, but I think gold is still a safe savings channel. Each time I buy 1 chi, it's like saving gradually, saving a large amount of money at the same time" - Ms. Lan shared. She said that she followed gold prices for many days before deciding to go to the store to buy.
Standing behind in the line, Mr. Pham The Hung (Tu Liem ward) also waited for his turn to buy gold rings. He plans to buy about 1.5 taels of gold to save. According to him, recently gold prices have fluctuated sharply, causing many people to hesitate, but the general psychology is still to keep a part of the money in the form of gold.
I don't buy much, only about one and a half taels. Mainly to save, like saving money for a long time. Seeing prices fluctuate continuously, I was hesitant, but thinking again, if I need to keep money, buying little by little is also reasonable" - Mr. Hung said.
However, not everyone who comes can buy gold. At another store on the same Cau Giay street, staff announced the temporary suspension of receiving more customers due to the large number of people coming to transact and the gold sold during the day was almost gone.
Ms. Pham Thuy Nga (Xuan Phuong ward) is one of the customers who had to leave before she could transact. After about 30 minutes of waiting in front of the store, she was informed by the staff that the store had run out of gold for sale during the day.
I only intended to buy one chi, but after waiting for a while, the staff informed me to stop receiving customers because the goods were out of stock. Well, let's go home, come back another day" - Ms. Nga expressed before leaving.
A salesperson at a gold shop on Cau Giay street said that in recent days the number of customers coming to transact has increased significantly, especially in the morning and early afternoon hours. Most customers buy gold rings.
Many people only buy from 1 to 2 chi to save money. Customers come continuously, so at times the store has to temporarily stop receiving more waiting people" - this employee said.
Gold price update
As of 10:40 am on March 5, SJC gold bar prices were listed by Bao Tin Minh Chau at the threshold of 181.7-184.7 million VND/tael (buying - selling), an increase of 500,000 VND/tael in both buying and selling directions compared to yesterday morning.
Phu Quy Jewelry Group listed SJC gold bar prices at 181.7-184.7 million VND/tael (buying - selling), an increase of 500,000 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 181.7-184.7 million VND/tael (buying - selling), an increase of 1.5 million VND/tael in both directions compared to the previous day.
Bao Tin Minh Chau listed the price of gold rings at 182-185 million VND/tael (buying - selling), an increase of 800,000 VND/tael in both buying and selling directions.
At 10:41 AM, world gold prices were listed around the threshold of 5,188.1 USD/ounce.
The strong upward momentum of the international market is creating momentum for 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 still remains high.
See more news related to gold prices HERE...
