After a series of days of setting new price levels, this morning, the price of plain round gold rings and domestic gold bars continued to decrease sharply at most brands. At gold business stores on Cau Giay street, Hanoi, the scene of customers with buying needs continues to be bustling.
According to information released from the store, the quantity of plain round gold rings sold this morning is a maximum of 5 taels of gold. However, if customers need to buy less than 8 taels of gold, they will be able to trade directly, the quantity is more than receiving the appointment slip. As of 10:15 am this morning, the store announced the suspension of receiving new customers.
Having bought gold many times at gold business establishments on Cau Giay street, Ms. Tran Kim Xuyen (Nghia Do ward, Hanoi) said: "Yesterday afternoon, I bought 3 taels of gold at a price of 18.82 million VND/tael, today I bought it at a price of 18.5 million VND/tael, losing 320,000 VND/tael. Today I saw a decrease, so I went out to buy another tael of gold in cash".
Ms. Xuyen added that she has withdrawn 100 million VND to deposit in bank savings to reinvest in gold. "I accumulated assets, bought to save, so at one point I bought 2 taels of gold at a price of 184.5 million VND/tael. Up to now, I have about 16 taels of gold" - Ms. Xuyen shared.
With the form of buying gold by bank transfer using automatic payment machines, the number of customers queuing to wait increased sharply. Mr. Cao Van Tien (Yen Hoa ward, Hanoi) came to queue 1 hour before the opening time but was still sitting waiting. He said: "If buying in cash, I will go to the main store to transact directly, I want to buy about 5 chi, so I have to transfer money. Today gold has decreased, so everyone is coming in large numbers, accepting to wait".
Besides customers who need to buy, the profit-taking volume this morning reached nearly 50 people. As someone waiting for their turn to sell in order number 44, Ms. Bui Thi Ly (Cau Giay ward, Hanoi) informed: "I went with my mother, I sold 4 taels of plain round gold rings and my mother went to sell 1 tael of branded gold outside. They are saying that it must be fired to check the quality to be able to determine the price, my mother and I must reconsider".
With 4 taels of plain round gold rings, Ms. Ly bought them at a time of 16.020 million VND/tael, now making a profit of more than 2 million VND/tael. "I need to buy more furniture for my new house, so I sell a little to use. Accumulating more, I will continue to buy them" - Ms. Ly said.
Gold price update
As of 11:40 am on March 4, SJC gold bar price was listed at 181.2-184.2 million VND/tael (buying - selling), down 4 million VND/tael compared to yesterday's closing session.
Bao Tin Minh Chau listed SJC gold bar prices at 181.2-184.2 million VND/tael (buying - selling), simultaneously down 4 million VND/tael.
At the same time as the survey, SJC listed the price of plain round gold rings at 180.9-183.9 million VND/tael (buying - selling), down 4 million VND/tael in both directions.
Bao Tin Minh Chau listed the price of gold rings at 182-185 million VND/tael (buying - selling).
On the world market, as of 11:45 AM on March 4 (Vietnam time), world gold prices had a downward adjustment, listed around the threshold of 5-158.9 USD/ounce, up 71.2 USD.
