Gold prices plummet, some customers strongly buy 3 taels

Domestic gold prices continued to adjust down in today's trading session on June 25, attracting the attention of many people with trading needs. At some gold trading stores on Cau Giay street (Hanoi), the number of customers coming to trade remained stable, in which many people chose to buy when prices decreased compared to previous sessions.

Recorded at the end of the morning, there was no queuing or overload like previous strong fluctuations. Trading activities took place quite smoothly, customers completed procedures in a short time.

Having just received 1 tael of gold ring after completing a transaction at a store on Cau Giay street, Ms. Nguyen Nhu Quynh (Nghia Do ward, Hanoi) said that she took advantage of buying it when the price decreased to accumulate for a long time.

I have been following gold prices for about a week now. Seeing that the price has decreased quite sharply compared to the previous peak, I decided to buy 1 chi of gold rings at a price of more than 14.55 million VND/chi. I have no intention of surfing the wave but mainly keep them as accumulated assets" - Ms. Nhu Quynh shared.

According to Ms. Quynh, although gold prices are still at a high level compared to previous years, the continuous downward adjustment has created a more secure psychology for buyers.

Meanwhile, Mr. Do Minh Tuan (Cau Giay ward, Hanoi) said that he had just bought 3 taels of plain round gold rings at a price of 145.5 million VND/tael.

Before, I waited for the price to decrease, but then gold increased again. This time I saw that the price adjusted quite deeply, so I decided to buy a part in advance. Because I bought from 3 taels or more, the store scheduled to receive the goods on June 26" - Mr. Tuan said.

Mr. Tuan shared that the money he bought gold was deducted from personal savings. In the context that many investment channels still have potential risks, he still considers gold as one of the options to help preserve asset value.

While waiting for her turn to transact, Ms. Le Thi Mai (Cau Giay ward, Hanoi) said she plans to buy about 5 taels of gold rings. According to her, if the gold price remains at the current level or continues to adjust down until the time of transaction, she will spend money to accumulate.

I don't set a surfing target. The important thing is to buy gold at a more reasonable price than before" - Ms. Mai said.

According to records, besides customers buying from a few taels to a tael of gold, many people still maintain a cautious mentality and choose to disburse portions instead of buying large quantities at the same time.

Gold price update

As of 10:30 am, Phu Quy Jewelry Group listed SJC gold bar prices at 143-146 million VND/tael (buying - selling), down 1 million VND/tael in both buying and selling directions compared to yesterday morning.

At the same time, SJC gold bar prices were listed by DOJI Group at 143-146 million VND/tael (buying - selling), down 1 million VND/tael in both buying and selling directions compared to yesterday morning.

At the same time, Phu Quy Gold and Gems Group listed the price of gold rings at 143-146 million VND/tael (buying - selling), down 1 million VND/tael in both buying and selling directions compared to yesterday morning.

Bao Tin Minh Chau listed the price of gold rings at 142-145.5 million VND/tael (buying - selling), down 500,000 VND/tael in both buying and selling directions.

At 9:20 am, world gold prices were listed around the threshold of 3, 974.6 USD/ounce, a sharp decrease of 104.5 USD compared to the previous day.