At the end of last weekend's trading session, this morning (March 23), plain round gold rings and domestic gold bars adjusted down sharply. At gold business stores on Cau Giay street, Hanoi, the line of people waiting to buy is bustling at all hours.
According to information released from the store, the quantity of plain round gold rings sold today is unlimited. If customers need to buy positions of 0.5; 1; 2; 3; 10; 20 gold taels, they will be able to trade directly, and more quantities will receive appointment slips until April 18.
Sitting waiting in rows in order, Ms. V.T. H (An Khanh commune, Hanoi) shared: "My house is far away, so on days when I see gold prices fall deeply, I spend time waiting. Today I only intended to buy 2 taels of gold, the price is also falling. At the beginning of the morning, the gold price was 16.95 million VND/tael, now it is 16.7 million VND/tael".
Similarly, Ms. N.M. C (Nghia Do ward, Hanoi) - a customer who bought plain round gold rings - said: "When I went in, the store reported that 2 taels of plain round gold rings were out of stock. But recently the store announced yes, I don't know if it will be my turn or not. This depends on the store, if someone comes to sell more, they will announce".
Worried about having to wait for a long time, Mr. L.V. N (Xuan Phuong ward, Hanoi) said: "I arrived at 10:25 am, seeing the large number of people waiting, I had to ask the staff first. They said it would take about 10-15 minutes to complete a line of transactions. If I wait longer, I will consider it because there is still work in the day.
Besides the number of customers buying in, the number of people who need to sell to take profits has increased again. As one of the people who needs to sell, Ms. N.M. A (Tay Ho ward, Hanoi) wrote a queuing form - informing: "I want to sell 1 tael of gold, so I will write it on the form that already has an order number, sit and wait for my turn. The number of sellers today is also more than last weekend. I see gold is decreasing, so I sell to take profits, I bought from the time the gold price was around 14.50 million VND/tael".
Gold price update
As of 12:17 PM on March 23, SJC gold bar prices were listed at 164-167 million VND/tael (buying - selling), down 4 million VND/tael.
Bao Tin Minh Chau listed SJC gold bar prices at 164-167 million VND/tael (buying - selling), simultaneously decreasing by 4 million VND/tael for buying and selling.
At the same time as the survey, SJC listed the price of plain round gold rings at the threshold of 163.7-166.7 million VND/tael (buying - selling), down 4 million VND/tael in both directions.
Bao Tin Minh Chau listed gold ring prices equal to gold bar prices, currently at the threshold of 164-167 million VND/tael (buying - selling).
On the world market, as of 12:23 PM on March 23 (Vietnam time), world gold prices had a deep downward correction, listed around the threshold of 4, 361.6 USD/ounce, down 128.6 USD.
