At the end of the recent trading session, the domestic gold market continued the downward trend. This morning (April 24), plain round gold rings and domestic gold bars continued to decrease in price. Compared to the same time last month, the price of gold bars and gold rings decreased in the range of 1,000,000 - 1,200,000 million VND/tael in both buying and selling directions.
At a gold business store on Cau Giay street (Hanoi), instead of the clear scene in recent days, the gold shop is bustling this afternoon for buying. However, as of 9:46 am, the store hung a sign saying temporarily out of stock for plain round rings and gold bars.
According to information released from the store, the quantity of plain round gold rings sold today is limited to 50 traders. In which, the store only returns 1 tael or 1 tael of gold directly, and the remaining taels receive appointment slips.
Those who arrived 30 minutes - 1 hour before the opening hour are more likely to enter the transaction. Ms. B.N. T (Duong Noi ward, Hanoi) and her husband arrived at the store at 8:45 am today - said: "I arrived 15 minutes before the opening hour and were the last people to enter the transaction. The first 10 people at the store announced that they could buy a maximum of 1 tael of gold, the next people gradually reduced it to only 1-2 taels of gold. I have bought and are waiting for my husband to transact inside".
According to Ms. T, many people have come to queue from 8 am, yesterday because they could not buy, so today she decided to go early to buy.
In the opposite direction, many people who wanted to buy in after the opening hour received unexpected information. Store security announced that the store is temporarily out of plain round rings and gold bars, if you need to buy jewelry, please come in.
Ms. P.T. P (Cau Giay ward, Hanoi) had to turn around and leave after receiving information: "It seems that the price has dropped, so the store stopped selling, it's not that there are none. I only buy 0.5-1 chi, sometimes when I have a pension I buy more, but now the store announces that it only accepts 50 people. This afternoon it will not sell out either".
Similarly, Ms. M.T. H (Cau Dien ward, Hanoi) felt it was difficult when she went for 2 consecutive days and could not own "gold in her hands". Ms. H said: "I went from morning to afternoon yesterday. This morning I came out a little later than the transaction time, the store announced that it is temporarily out of stock. People who went for 2-3 days now have no gold".
Gold price update
As of 10:40 am on April 24, SJC gold bar prices were listed at the level of 166.2-168.7 million VND/tael (buying - selling), simultaneously decreasing by 500,000 VND/tael.
Bao Tin Minh Chau listed SJC gold bar prices at the threshold of 166.2-168.7 million VND/tael (buying - selling), down 500,000 VND/tael in both directions.
At the same time as the survey, SJC listed the price of plain round gold rings at the threshold of 166-168.5 million VND/tael (buying - selling), simultaneously decreasing by 500,000 VND/tael.
Bao Tin Minh Chau listed gold ring prices equal to gold bar prices, currently at the threshold of 165.7-168.7 million VND/tael (buying - selling).
On the world market, as of 10:50 am on April 24 (Vietnam time), world gold prices had a downward adjustment, listed around 4,674.7 USD/ounce, down 17.7 USD.
