Gold prices fall sharply, sellers lose 2 million VND/chỉ if it is off-brand gold

Bảo Anh |

On September 9, gold prices reversed and decreased sharply. Gold stores traded stably, customers quickly held gold in their hands.

After a slight increase of 100,000 VND/tael at some brands, the price of plain round gold rings and domestic gold bars today simultaneously decreased by at least 1.2 million VND/tael compared to the closing session yesterday.

In which, the price of gold bars at brands bought at the lowest price is 142.4 million VND/tael and sold at the highest price is 147.6 million VND/tael. The current listed price of plain round gold rings is 141.9-144.9 million VND/tael (buying - selling) depending on the brand.

At gold trading stores on Cau Giay street, Hanoi, the number of customers transacting is not too crowded, the number of buyers and sellers is stable.

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

As of 10:35 am, the number of people coming to sell at a store reached 52. Store staff said: "The number of people coming to sell this morning is relatively high, but mainly selling in small quantities.

Also coming to sell plain round gold rings this morning, Ms. Tran Thi Thu (Cau Giay ward, Hanoi) shared: "I want to sell about 2 taels of plain round gold rings. I only buy and sell at this brand but currently do not keep invoices and blisters intact, so the store requires them to be heated to check quality. If it is gold outside the brand, the purchase price is less than 2 million VND/tael".

As for Mr. Do Minh Duc (Xuan Phuong ward, Hanoi) - the decision to sell at this time caused him to suffer losses.

I bought plain round gold rings at a price of 16.5 million VND/chi. Today the purchase price is 14.3 million VND/chi, losing more than 2 million VND/chi. But because I urgently needed money for treatment and taking care of my health, I still had to sell," Mr. Duc said.

In the opposite direction, some people like Ms. Nguyen Trang (Cau Giay ward, Hanoi) took advantage of low gold prices to actively buy in.

The price is low, so I came to buy about 2 taels of plain round gold rings to accumulate. Some people today also bought 4-5 taels of gold. Transaction time is fast, you can buy it right away," Ms. Trang shared.

For Ms. Trang, buying and selling gold rings should be based on actual needs, and should not follow trends or markets.

Tính đến 10h27, lượng người đến mua vào tại thương hiệu này nhiều hơn số người có nhu cầu bán ra. Ảnh: Bảo Anh
As of 10:27 am, the number of people coming to buy at this brand is more than the number of people who need to sell. Photo: Bao Anh

Gold price update

As of 11:35 AM on September 9, SJC gold bar prices were listed at 142.4 - 145.4 million VND/tael (buying - selling), simultaneously decreasing by 1.2 million VND/tael.

At the same price threshold, Bao Tin Minh Chau listed the price of SJC gold bars at 142.4 - 145.4 million VND/tael (buying - selling), down another 1.2 million VND/tael compared to the closing session yesterday.

At the same time as the survey, SJC plain round gold ring prices tended to decrease, listed at the threshold of 141.9 - 144.9 million VND/tael (buying - selling).

Bao Tin Minh Chau listed the price of gold rings equal to the price of brand gold bars, currently at the threshold of 143.6 - 147.6 million VND/tael (buying - selling), down 1.3 million VND/tael in both directions. The buying - selling difference is at 4 million VND/tael.

On the world market, as of 11:45 AM on September 9 (Vietnam time), world gold prices are on a recovery track, listed around the threshold of 4:377.4 USD/ounce, up 22.2 USD.

Bảo Anh
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