Gold prices reverse to increase, stores do not limit the quantity to buy

Hạ Linh |

On July 27, gold prices suddenly increased. Gold stores traded actively in both directions, without limiting the quantity of purchases.

After two weekend days without adjustment, this morning, the price of plain round gold rings and domestic gold bars reversed to increase at all brands. At gold business stores on Cau Giay street, Hanoi, the scene of customers having buying needs took place smoothly, no longer the scene of jostling and waiting for many hours.

According to information released from the store, the quantity of plain round gold rings sold this morning is unlimited. Customers are allowed to buy and sell according to actual needs.

Having bought gold many times at gold business establishments on Cau Giay street, Ms. Bui Nhu Mai (Nghia Do ward, Hanoi) said: "The number of people buying and selling this morning is not too large, some people enter and then some people leave. Recent information about precious metals makes buyers like me more worried. Gold prices are constantly fluctuating, so I don't accumulate too much, seeing profit I will take it to sell.

Ms. Mai added that this morning I, like many people, just went in to refer to the price, and have no intention of buying at this time. "Not everyone comes to buy, some people just ask and leave, considering the profit and loss level" - Ms. Mai shared.

As for Ms. La Thu Cuc (Cau Giay ward, Hanoi) who came to the gold and silver business store - sharing: "I intend to buy an extra 1 chi of plain round gold rings, transaction in cash. If I have to wait a long time, I will go home because buying a small quantity is not enough, waiting takes time. Like today, you can buy it right away, so the time is quickly completed".

For those who need to sell to take profits, the timing is an important factor.

In just 15 minutes, Ms. Nguyen Thi Minh Chau (Lang ward, Hanoi) shared: "I bought it when the gold price was about 90 million VND/tael, selling today is a little more profitable because the price increased. However, I both sold branded gold and sold private gold, so I don't know if the store will buy it or not".

When asked about purchasing plain round gold rings outside the store, Ms. Chau was advised by staff to support if the market gold meets the 99. 99 standard.

The store will conduct melting to check the standard and purchase at the highest price today of 13 million VND/tael of gold. If the store does not accept it, it is definitely fake gold" - the store employee said.

Tại một số cửa hàng kinh doanh vàng bạc khác trên tuyến phố Cầu Giấy, lượng giao dịch diễn ra ổn định, thông thoáng. Ảnh: Hạ Linh
At some other gold and silver businesses on Cau Giay street, the transaction volume is stable and smooth. Photo: Ha Linh

Gold price update

As of 11:00 AM on July 27, SJC gold bar prices were listed at 139 - 143 million VND/tael (buying - selling), simultaneously increasing by 1.5 million VND/tael.

Bao Tin Minh Chau listed SJC gold bar prices at the threshold of 139 - 143 million VND/tael (buying - selling), both increasing by 1.5 million VND/tael.

At the same time as the survey, the price of SJC plain round gold rings tended to increase, listed at the threshold of 138.5 - 142.5 million VND/tael (buying - selling), an additional increase of 1.5 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings equal to the price of brand gold bars, currently at the threshold of 140.3 - 144.2 million VND/tael (buying - selling), a difference of 3.9 million VND/tael in both directions.

On the world market, as of 11:10 am on July 27 (Vietnam time), world gold prices diễn biến in an upward trend, listed around the threshold of 4,088.9 USD/ounce, up 37 USD.

Hạ Linh
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