According to records at 10am on December 5 in Hanoi, gold shops still attracted a large number of customers waiting to buy 9999 plain round gold rings. However, most shops announced that they were out of stock, temporarily stopped accepting transactions or were only open for sale during limited hours.
Customers disappointed because it is difficult to buy gold rings
Ms. Dao Thu Hien (Cau Giay district, Hanoi) shared that she had been to the gold shop on Cau Giay street many times but could only buy 2 taels of ring after many days of waiting.
"I need to buy 5 taels as a wedding gift, but this morning I received a notice that the store is out of gold rings. I have to go home and will try again another day" - Ms. Hien said.
Similarly, Mr. Nguyen Van Dat (Bac Tu Liem district, Hanoi) also left the store in disappointment. He said: "I waited from early morning before opening time but the staff informed me that they did not sell gold rings. The previous times were the same, even though I waited for a long time, I still could not buy anything. Even though there were still customers waiting inside, I decided to leave."
A representative of a gold shop on Cau Giay Street said: "Currently, the shop has run out of plain round gold rings, so this morning, we have temporarily suspended trading. We cannot determine the exact time of restocking."
Although gold prices are stable, the high demand for gold rings has led to a prolonged shortage, causing many inconveniences for customers.
Gold price update
As of 1:15 p.m. on December 5, the price of SJC gold bars was listed by DOJI Group at VND83 - 85.5 million/tael (buy - sell). The difference between the buying and selling prices of SJC gold at DOJI Group was VND2.5 million/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold at 83 - 85.5 million VND/tael (buy - sell). The difference between the buying and selling price of SJC gold at Bao Tin Minh Chau is 2.5 million VND/tael.
At the same time, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 83.3 - 84.3 million VND/tael (buy - sell). Bao Tin Minh Chau listed the price of smooth round gold rings at 83.28 - 84.38 million VND/tael (buy - sell).
The world gold price listed on Kitco at 1:20 p.m. on December 5 (Vietnam time) is at 2,650.5 USD/ounce.
