Bustling buying session
After two consecutive days of increasing adjustments, today, domestic gold ring and gold bar prices reversed to decrease at all brands.
At gold business stores on Cau Giay street, Hanoi, the scene of customers with buying needs is quite bustling. However, the scene of jostling and waiting for many hours is no longer there, customers are coordinated to trade smoothly.
According to information from store staff, the quantity of plain round gold rings sold this morning is unlimited. Customers are allowed to buy and sell according to actual needs, and are allowed to "hold gold" directly in their hands.
Store staff said that today the store is mostly bought by people, almost no one sells.
As one of the buyers this morning, Ms. Le Nhat Linh (Nghia Do ward, Hanoi) said: "Today I came to the store to buy and accumulate. Prices have increased in the past two days, today when I went to the store, the price dropped sharply, so I decided to buy an extra 1 chi of plain round gold ring.
According to Ms. Linh, people's buying demand has changed, no longer buying large quantities at the same time.
I see that almost everyone goes into the counter to trade directly, that is, buying under 1 tael of plain round gold rings. Unlike the beginning of the year, people could buy from 5 taels - 1 tael of gold, now they have a psychology of waiting for prices," Ms. Linh shared.
Standing at the automatic payment machine waiting for transactions, Mr. Vu Van Tam (Lang ward, Hanoi) - a customer who needs to buy - said: "Today the price has decreased, so I bought an extra 3 chi of plain round gold rings but they will be separated into 1 chi and 2 chi. I went with my younger sister, so I separated into 2 buyers, 2 different invoices".
The "bait" is waiting
In the role of people who need to sell plain round gold rings, just approaching the parking area, the "bait" group actively approached.
Buy or sell, dear? If you sell, I will charge a difference of 500,000 VND/tael compared to the store. Today, the store's website lists 140.2 - 144.1 million VND/tael (buying - selling). After you transfer everything, you have to give me gold," this person informed.
According to this person, the group standing outside will "hold gold", and will be present at some familiar stores every day.
If the price goes up tomorrow, I will go inside to sell, if the price is low, just hold it like that. It's also risky, but the price goes up and down, no one knows in advance," this person emphasized.
Gold price update
As of 1:30 PM on August 19, SJC gold bar prices were listed at the mark of 139.7 - 143.7 million VND/tael (buying - selling), simultaneously decreasing by 1.6 million VND/tael.
Bao Tin Minh Chau listed SJC gold bar prices at the threshold of 139.7 - 142.7 million VND/tael (buying - selling), both down 1.6 million VND/tael.
At the same time as the survey, the price of SJC plain round gold rings tended to decrease, listed at the threshold of 139.2 - 142.2 million VND/tael (buying - selling), down 1.6 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at the threshold of 140.2 - 144.1 million VND/tael (buying - selling), a difference of 3.9 million VND/tael.
On the world market, as of 1:45 PM on August 19 (Vietnam time), world gold prices are on a recovery track, listed around the threshold of 4,341.7 USD/ounce, up 7.7 USD.
