Gold prices continuously fluctuate, many people choose to buy small amounts of gold rings

Although gold prices still maintained at a high level, reporters' records on September 4th in the Cau Giay street area (Hanoi) showed that many people still come to gold shops for transactions.

Many customers said they only buy in small quantities, from one to a few taels of gold, mainly for accumulation and savings.

Ms. Bui Thi Thanh Huong (Yen Hoa ward, Hanoi) - a customer who came to trade gold rings - said that each time she comes to the store, she usually buys about 1-2 chi to accumulate. Because gold prices are at a high level, she does not buy large quantities but divides the money into smaller portions, accumulating gradually according to her financial capacity.

I buy gold mainly for savings. Current prices are quite high, so I only buy a little according to my financial capacity, not accumulating money to buy a lot at once. If I have idle money, I will buy a little more to accumulate for a long time" - Ms. Huong shared.

According to Ms. Huong, buying gold in installments helps her be more proactive in balancing spending. Instead of spending all her savings to buy gold at one time, she chooses to keep a portion of the money for living needs and only uses the unnecessary amount to accumulate.

Also coming to the transaction store, Mr. Ta Ngoc Nam (Nghia Do ward, Hanoi) - said that his family has a habit of spending a portion of their savings to buy gold. Therefore, the high gold price does not make him completely stop buying.

My family usually buys gold when accumulating a suitable amount of money. If the price is high, we buy less, not necessarily more. I determine that this is a long-term savings, so I don't put too much emphasis on whether the gold price will increase or decrease in the next few days. Today I bought 1 chi of gold rings at a price of 14.91 million VND/chi" - Mr. Nam said.

According to Mr. Nam, for those who buy gold for accumulation, clearly defining the purpose of using the money is important.

Meanwhile, Ms. Le Thu Trang (Yen Hoa ward, Hanoi) said that before buying gold, she went to the store to check prices. Because gold prices are at a high level, she carefully considers the quantity and only uses idle money for transactions.

I still want to set aside a portion of my assets to buy gold to accumulate, but the current price is quite high, so I have to calculate more carefully. This morning, I bought 1 tael of gold rings and a half tael of gold bar, and received gold immediately after completing the transaction.

Previously, when I had money, I could buy more. Currently, I prioritize buying a small amount, which is both suitable for my financial capacity and does not affect other expenses" - Ms. Trang shared.

According to Ms. Trang, instead of trying to predict when gold prices will fall to the lowest point, she chooses to monitor the market and balance with her financial capacity. When the price is suitable and there is an amount of money that is not needed, she will consider buying more to accumulate.

Gold price update

As of 10:40 am, Phu Quy Gold and Gems Group listed the price of gold rings at the threshold of 145.8-149.1 million VND/tael (buying - selling), an increase of 1.4 million VND/tael on the buying side and an increase of 1.7 million VND/tael on the selling side compared to yesterday morning.

DOJI Group listed the price of gold rings at 146-150 million VND/tael (buying - selling), an increase of 1 million VND/tael in both buying and selling directions.

At the same time, SJC gold bar prices were listed by DOJI at the threshold of 146.1-149.1 million VND/tael (buying - selling), an increase of 1.7 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 146.5-150.5 million VND/tael (buying - selling), an increase of 1.2 million VND/tael in both buying and selling directions.

At 9:10 am, world gold prices were listed around the threshold of 4, 476.5 USD/ounce, up 66.4 USD compared to the previous day.