Purchasing power is quite bustling
On the afternoon of September 3, according to reporters' records, on Cau Giay street (Hanoi) - where many large gold trading stores in Hanoi are concentrated, buying and selling activities are quite bustling. The number of customers coming to transact at times increased but not too much, buyers mainly choose familiar brands to buy or take profits.
The scene of long queues waiting for their turn is no longer there, instead, buyers and sellers can trade quickly and smoothly. Inside the store, customers mainly come to buy plain round gold rings in different quantities.
According to information from the store, the quantity of plain round gold rings sold today is unlimited. Customers can buy and sell according to actual needs, and can "hold gold" directly in their hands.
At gold business establishments, staff here said that some people come to buy, and some people come to sell, the ratio does not differ too much.
This morning, the transaction volume at Bao Tin Minh Chau's facilities differed by 55%-45%, corresponding to the buying - selling direction.
Going with a person who needs to buy, Ms. Vu Doan Bao Linh (Lang ward, Hanoi) has plans to sell again. Ms. Linh said: "I have been following gold prices for the past few days, prices have continuously fluctuated, I have to worry about my daughter going to study abroad, so I just sold an additional 3 taels of gold".
According to Ms. Linh, buying and selling is based on demand. "At times like this, you can clearly see the meaning of monthly savings. When there is something needed, the family still has a budget to prepare," Ms. Linh shared.
In the opposite direction, Mr. Nguyen Dinh Duy (Yen Hoa ward, Hanoi) took advantage of the downward adjustment to buy in.
I intended to buy gold bars, but all gold business stores do not have them, I can only buy plain round gold rings. I just bought 2 more "chi" of plain round gold rings by bank transfer, and cannot transact with cash when the amount is more than 20 million VND," Mr. Duy said.
According to reporters' records this afternoon, at gold and silver businesses, the number of buyers is stable. However, people do not spend much time waiting, and can transact immediately when needed.
Faced with the unpredictable fluctuations of domestic and international gold prices, gold and silver trading stores also issued recommendations that investors and people should consider before trading and regularly monitor gold prices on official channels to make the right decisions.
Gold price update
As of 4:30 PM on September 3rd, SJC gold bar prices were listed at the level of 145.4 - 148.4 million VND/tael (buying - selling), simultaneously decreasing by 300,000 VND/tael.
Bao Tin Minh Chau listed SJC gold bar prices at the threshold of 145.4 - 148.4 million VND/tael (buying - selling), a difference of 3 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 the threshold of 144.9 - 147.9 million VND/tael (buying - selling), down 300,000 VND/tael.
Bao Tin Minh Chau listed gold ring prices at the threshold of 145.6 - 149.6 million VND/tael (buying - selling), both increasing by 800,000 VND/tael in both directions.
On the world market, as of 4:30 PM on September 3rd (Vietnam time), world gold prices increased again, listed around the threshold of 4,435.3 USD/ounce, up 48.3 USD.
