Gold prices cool down, no more jostling to wait to buy

Phương Anh | 02/11/2025 15:42

Domestic gold prices have cooled down, at many stores in Hanoi, people continue to come to buy. However, the scene of jostling in line no longer appears as before.

Recorded by Lao Dong reporter on November 2, the domestic price of plain round gold rings and gold bars decreased sharply compared to the trading session last week.

At some gold shops on Tran Nhan Tong Street (Hanoi), many people continue to come to buy gold, but the jostling and long lines as before are no longer there.

Ngay 2.11, tai mot so cua hang vang, nguoi dan van den mua nhung luong khach da thua hon so voi truoc. Anh: Phuong Anh — On November 2, at some gold shops, people still came to buy but the number of customers was smaller than before. Photo: Phuong Anh

Ms. Do Thi Thuy (Hoan Kiem ward, Hanoi), a customer who came to buy gold rings - said that at the store she chose, each customer could only register to buy once within 5 days, depending on the amount of gold the store sold at that time. Having come many times but still unable to buy, she continued to come back this morning to wait.

"Currently, the store limits each customer to buying a maximum of 2 taels of gold rings and will pay immediately. I hope to buy it because there are not too many people waiting around like many days ago" - Ms. Thuy shared.

Khong con tinh trang nguoi dan xep hang dai truoc cac cua hang vang. Anh: Phuong Anh — There is no longer a situation of people lining up in front of gold shops. Photo: Phuong Anh

As for Mr. Bui Duy Khiem (Hai Ba Trung ward, Hanoi), he decided to return because the store planned to buy had announced that it was out of stock.

"Nearly at noon, I just arrived at the scene when the staff had run out of stock. This morning, the shop only sold a maximum of 2 taels of gold rings to each person, but it was sold out in less than an hour. Seeing that no one was waiting, I had to go back" - Mr. Khiem said.

Mot so khach phai ra ve vi cua hang da ban het vang. Anh: Phuong Anh — Some customers had to leave because the store had sold out gold. Photo: Phuong Anh

Gold price update

As of 2:30 p.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND 146.4 - 148.4 million/tael (buy - sell); down VND 600,000/tael in both directions compared to the closing price of the previous trading session (October 26, 2025).

The price of SJC gold bars was listed by Bao Tin Minh Chau at 146.9 - 148.4 million VND/tael (buy - sell); down 1.3 million VND/tael for buying and down 600,000 VND/tael for selling compared to the closing price of the previous trading session.

Dien bien gia vang mieng SJC nhung phien gan day. Bieu do: Phan Anh — SJC gold bar price movements in recent sessions. Chart: Phan Anh

At the same time, Bao Tin Minh Chau listed the price of gold rings at 146.2 - 149.2 million VND/tael (buy - sell); down 3.8 million VND/tael in both directions compared to last week.

Phu Quy Gold and Stone Group listed the price of gold rings at 145.4 - 148.4 million VND/tael (buy - sell), down 800,000 VND/tael in both directions compared to a week ago.

At the end of the trading session of the week, the world gold price was listed at 4,001.1 USD/ounce, down 110.1 USD compared to a week ago.