Gold prices cool down, people no longer queue to buy

On the morning of April 19, gold prices fell sharply compared to last week, and the trading atmosphere on gold business streets in Hanoi also cooled down significantly. The number of customers is no longer as crowded as before, and waiting times at stores have been significantly shortened.

At stores in Tran Nhan Tong ward (Hai Ba Trung ward, Hanoi), buying and selling activities still take place regularly but there is no longer a scene of people queuing for a long time. Lao Dong reporters' records show that most transactions today focus on plain round gold rings.

Ms. Nguyen Thu Trang (Hai Ba Trung ward) said that after monitoring market fluctuations, she decided to buy 3 taels of plain round gold rings. "Although I still have to wait, it only takes about 30 minutes for my turn, no longer crowded like before, quite comfortable" - she said.

Meanwhile, Mr. Le Van Quang Huy (Hoan Kiem ward) came early with the need to buy 1 tael of gold rings. He chose to buy 2 copies, each equivalent to 5 taels of gold rings.

Seeing that gold prices are decreasing compared to last week, I took the opportunity to buy. Today is also the end of the week, the prices at shops have not changed like during the week. I choose 2 versions to get enough 1 tael, later when I need money, I can sell a little less, which is also more flexible" - Mr. Huy shared.

Also coming to trade gold rings on Tran Nhan Tong street, Ms. Tran Ngoc Mai (Vinh Thanh commune, Hanoi) said that she came to receive gold placed from the end of last month. "Although still having to wait by turn, the atmosphere is much lighter, and traveling and trading are also more convenient" - she shared.

Ms. Mai added that currently the price is adjusting down compared to the previous time, so she decided to buy more.

I decided to buy 2 more gold rings, now I don't have to wait and the goods are returned immediately" - Ms. Mai said.

Gold price update

Closing the week's trading session, Saigon SJC Jewelry Company listed SJC gold prices at the threshold of 168.5-172 million VND/tael (buying - selling). The buying - selling difference is at 3.5 million VND/tael.

Meanwhile, DOJI listed SJC gold price at the threshold of 168.5-172 million VND/tael (buying - selling). The buying - selling difference is at 3.5 million VND/tael.

At the same time, DOJI Group listed the price of gold rings at the threshold of 168.5-171.5 million VND/tael (buying - selling), down 900,000 VND/tael in both buying and selling directions. The buying - selling difference is at 3 million VND/tael.

Phu Quy Jewelry Group listed the price of gold rings at 168.5-171.5 million VND/tael (buying - selling), down 700,000 VND/tael in both directions compared to a week ago. The buying - selling difference is at 3 million VND/tael.