The domestic gold market has had a surprising reversal, this morning (April 3), plain round gold rings and domestic gold bars increased in price. At gold business stores on Cau Giay street (Hanoi), the trading atmosphere was bustling in the buying direction. However, the number of customers trading was stable and open.
As of 9:56 am, according to information released from the store, the quantity of plain round gold rings sold today is a maximum of 10 taels of gold. If customers need to buy positions under 5 taels of gold, they will be able to trade directly, the quantity is more than receiving appointment slips.
As one of the customers who completed the purchase transaction this morning, Ms. N.T. T. V (Yen Hoa ward, Hanoi) said: "Today the number of customers is not too large, I arrived on time to open for sale, and completed the transaction after 1 hour. The time to complete buying gold has been reduced to 2 hours compared to the previous days. I bought 1 tael of gold, under 20 million VND, so I went to the main store, so the waiting time is faster".
As for customers who buy in larger quantities like Ms. N.H. M (Ha Dong ward, Hanoi), the queuing process is somewhat "easier" than many days before.
Several times passing by, the store was much more crowded, even waiting outside because it was already overloaded inside. Today, my husband and I had business in this area, so we came in to wait. Luckily, the number of people waiting was only about 4 rows, 10 people per row" - Ms. M said.
According to Ms. M, with this sequential queuing schedule, the transaction will be completed in about 30 minutes. "Sitting in a house with air conditioning is also comfortable, waiting is less anxious. Everyone follows the instructions of the store staff, so it will be faster. My husband and I bought about 5 taels of gold, turned it into 2 parts and brought them home" - Ms. M added.
Contrary to midweek, the number of people selling to take profits decreased sharply. As one of the few customers selling this morning, Ms. N.T. T (Tay Ho ward, Hanoi) said: "On April 1st, gold prices rose high, people went to sell a lot. That day I saw waiting for a long time, so I turned around and came back today, not waiting, but the profit level is thinner".
Gold price update
As of 11:17 am on April 3, SJC gold bar prices were listed at 171-174.5 million VND/tael (buying - selling), an increase of 1 million VND/tael compared to the closing price range yesterday.
Bao Tin Minh Chau listed SJC gold bar prices at 171-174.5 million VND/tael (buying - selling), simultaneously increasing by 1 million VND/tael compared to yesterday's closing price.
At the same time as the survey, SJC listed the price of plain round gold rings at 170.8-174.3 million VND/tael (buying - selling), an increase of 1 million VND/tael in both directions.
Bao Tin Minh Chau listed gold ring prices equal to gold bar prices, currently at the threshold of 169.5-172.5 million VND/tael (buying - selling), an increase of 700,000 VND/tael compared to the previous closing session.
On the world market, as of 11:21 AM on April 3rd (Vietnam time), world gold prices had a downward adjustment, listed around the threshold of 4,676 USD/ounce, down 81.5 USD.
