At the end of the recent trading session, the domestic gold market continued to fluctuate greatly. Today (June 10), domestic gold bars decreased the most by 5 million VND/tael in both directions. Compared to the same time 6 months ago, domestic gold bar prices have decreased by about 21-24 million VND/tael in both buying and selling directions.
In the past week, at gold and silver business stores on Cau Giay street, Tran Duy Hung (Hanoi), the trading atmosphere has become bustling again.
At the gold shop on Cau Giay street, the number of people coming to the shop increased sharply, however, customers were coordinated according to instructions, and no jostling or pushing occurred.
According to information released from the store, the quantity of plain round gold rings bought and sold today is based on the actual quantity of goods and the direct payment of gold is from 0.5 chi. As of 10:20 am, store staff said that the store still has enough quantity to sell, but the direct receipt of gold must come to the transaction to have accurate information.
If the quantity of plain round gold rings according to customer demand is not available at the time of purchase, the store will schedule to receive them in the afternoon, or even tomorrow" - the store employee informed.
Due to the increase in the number of people coming to transact, the store had to be deployed on 2 floors. Sitting waiting for her turn to transact this morning, Ms. Thu Minh (Cau Giay ward, Hanoi) shared: "It's been a long time since I saw customers having to move to the 2nd floor to wait. However, the transaction time is not too long, because if you buy by bank transfer, you will take the invoice from the machine and then go down to the 1st floor to receive gold in order.
According to Ms. Thu Minh, she herself used to buy plain round gold rings when the peak price was about 19 million VND/chi. "At that time, I had to stand outside in line for a long time to be able to trade, today it's much better. On the day the price is low, I still buy in to accumulate wealth" - Ms. Minh said.
Just completing the transaction this morning, Ms. Phuong Loan and her husband left, saying: "Buying in quite quickly, from 0.5 taels of gold, about 15 minutes to have gold in hand. We are still young, so we don't have much to buy in large quantities, just enough to save.
Meanwhile, some people who need to buy from 1 tael of gold or more are scheduled to return the product to the next day. Besides the buyers, the number of customers waiting to sell is nearly 60 people. Mr. Vu Hoang (Xuan Phuong ward, Hanoi) shared: "I bought from the summer of last year, the gold price was only about 11-12 million VND/chi. From yesterday to today, the gold price has decreased by 5 million VND/tael, I will sell it immediately to get the price".
Continuing to record at some other gold shops on Cau Giay and Tran Duy Hung streets, the number of people coming to buy is more open. Even some gold and silver shops such as DOJI, Bao Tin Manh Hai... are deserted.
Gold price update
As of 11:30 am on June 10, SJC gold bar prices were listed at 133.8 - 138.8 million VND/tael (buying - selling), simultaneously down 5 million VND/tael compared to the previous closing session.
Bao Tin Minh Chau listed SJC gold bar prices at the threshold of 133.8 - 138.8 million VND/tael (buying - selling), down 5 million VND/tael in the buying - selling direction.
At the same time as the survey, the price of SJC plain round gold rings tended to decrease, listed at 133.6 - 138.6 million VND/tael (buying - selling), down 5 million VND/tael compared to the previous closing session.
Bao Tin Minh Chau listed the price of gold rings equal to the price of brand gold bars, currently at the threshold of 135.8 - 140.8 million VND/tael (buying - selling).
On the world market, as of 11:33 am on June 10 (Vietnam time), world gold prices had a deep downward correction, listed around the threshold of 4,173 USD/ounce, down 85.6 USD.
