Today, domestic gold prices have shown signs of recovery, many people flock to jewelry stores in Hanoi, especially on streets such as Cau Giay and Tran Nhan Tong to buy.
According to records, many stores were overloaded, people lined up early to wait to buy. Many stores in Hanoi are currently applying a policy of limiting the amount of gold sold to control the number of customers, avoiding overload. Many customers also reported that ordering by phone or online is also difficult due to the system being overloaded or not having time to respond.
In the Cau Giay street area, long lines of people patiently wait for their turn to buy gold rings. Mr. Nguyen Tuan Khoi (Cau Giay - Hanoi) shared: "Gold prices tend to increase, so I take advantage of buying to save. This morning I called the store hotline, and was informed that each person could buy up to 2 taels of gold rings. But after only 20 minutes of arriving, the staff announced that they could only buy 1 because of the large number of customers. Right now I still have to wait.
Similarly, Ms. Do Linh Anh (Bac Tu Liem - Hanoi) also encountered many difficulties when buying gold. I came to buy gold to store for a long time, but it was very difficult to buy. The store is limited to only selling 1-2 taels per person, and can only buy once a day. I arrived here early but still have to wait a long time for my turn" - Ms. Linh Anh said.
At a gold shop on Cau Giay Street (Hanoi), Mr. Nguyen Tuan Khoi (Cau Giay - Hanoi) said: "Gold prices have increased but buying is very difficult.
This morning, I called the store's hotline and was informed that I was selling a maximum of 2 taels of gold rings to each person. However, after about 20 minutes of going to the shop, the staff announced that they were selling a maximum of 1 tael of gold per person, due to the large number of customers buying. Currently, I am still waiting to buy".
Not only in Cau Giay, but on Tran Nhan Tong street - considered the "golden capital" of Hanoi - shops are also in a crowded state. Many people had to queue for more than 2 hours but still could not get inside to transact.
Ms. Nguyen Thanh Hai (Hoan Kiem - Hanoi) said: "I arrived at 9am, it was almost noon but I still couldn't go in to buy. The store employee announced that they are currently selling a maximum of 2 taels of gold rings per customer. I was worried about not knowing if there were any more flights until noon.
The increase in domestic gold prices after a period of fluctuations has stimulated the demand for gold rings, which are favored by many people as a savings asset. However, the waiting in line for many hours, combined with the fact that stores are constantly adjusting their selling limits, is making many buyers feel tired and worried about not being able to buy gold in time before prices continue to fluctuate.
The current wave of gold purchases reflects the fear that gold prices will continue to increase, and at the same time shows that the demand for investment in precious metals is still very large in the context of an unstable financial market. Experts recommend that people should consider carefully, avoid buying gold according to crowd psychology, and closely monitor market developments to make appropriate decisions.
Gold price update
As of 1:00 p.m. on April 24, the price of SJC gold bars was listed by Phu Quy Jewelry Group at 118 - 121 million VND/tael (buy - sell).
Bao Tin Minh Chau listed the price of SJC gold bars at 118.5 - 121 million VND/tael (buy - sell).
At the same time, the price of 9999 Phu Quy round gold rings at Phu Quy Jewelry Group was listed at 115 - 118 million VND/tael (buy - sell).
Bao Tin Minh Chau listed the price of gold rings at 117 - 120 million VND/tael (buy - sell).
As of 1:05 p.m. on April 24 (Vietnam time), the world gold price listed on Kitco was at 3,325.75 USD/ounce.
