Gold prices surged in the trading session on March 31st, making buying and selling activities on gold business streets in Hanoi more bustling. However, according to Lao Dong reporters, instead of the psychology of massive buying, many people are cautious, considering between buying to save money and selling when they have financial needs.
The atmosphere at gold shops on Mai Hac De and Tran Nhan Tong streets (Hai Ba Trung ward, Hanoi) clearly records the anxiety of both buyers and sellers. When gold prices are at a high level, each transaction decision is carefully considered.
On Mai Hac De street, Ms. Nguyen Thu Hoai (Hai Ba Trung ward) said that after considering between ways to keep money, she decided to buy gold. "I bought 1 tael of gold to keep money, considering it as a savings. Prices are increasing, so I'm also hesitant, but if I wait, I'm afraid prices will rise again" - Ms. Hoai said.
Meanwhile, Mr. Le Trung Huy (Lang ward, Hanoi) shared that he will buy 1 tael of gold after considering it quite carefully. According to him, gold is one of the ways to diversify keeping money alongside other channels.
I don't buy much, I only buy a part to save money. If I buy 1 chi, the store will pay immediately, without having to carry a promissory note. But waiting for the transaction still feels a bit nervous and anxious because the price changes continuously, not knowing when it's my turn to transact, what is the listed price" - Mr. Huy expressed.
Contrary to the buying trend of some people, Mr. Ngo Van Thai (Kim Lien ward, Hanoi) brought gold to sell due to family spending needs, but still seemed quite hesitant before deciding. He said he currently has 6 taels of gold, but does not want to sell all of it.
My family needs money, so I have to calculate. Perhaps for now I will only sell 3 chi, the rest will still be kept because I am also worried that prices will fluctuate" - Mr. Thai shared.
Gold price update
As of 11:05 am, SJC gold bar prices were listed by DOJI Group at the threshold of 171.9-174.9 million VND/tael (buying - selling), an increase of 2 million VND/tael in both buying and selling directions compared to yesterday morning.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 171.7-174.9 million VND/tael (buying - selling), an increase of 1.8 million VND/tael on the buying side and an increase of 2 million VND/tael on the selling side compared to yesterday morning.
At the same time, DOJI Group listed the price of gold rings at 171.9-174.9 million VND/tael (buying - selling), an increase of 2 million VND/tael in both buying and selling directions compared to yesterday morning.
Bao Tin Minh Chau listed the price of gold rings at 171.4 - 174.4 million VND/tael (buying - selling), an increase of 1.5 million VND/tael in both buying and selling directions compared to yesterday morning.
At 11:05 am, world gold prices were listed around the threshold of 4,456.6 USD/ounce.
The upward momentum of the international market is affecting domestic gold prices. People need to be cautious and avoid following the psychology of crowds when gold prices fluctuate strongly, especially in the context that the difference between buying and selling prices is still maintained at a high level.
See more news related to gold prices HERE...
