According to Lao Dong reporter's records on March 1st, the price of plain round gold rings and gold bars in the country continues to linger at a high level.
At some gold shops in Hanoi, the demand for buying gold rings from people is increasing. Gold shops are bustling with people waiting for transactions. Many people said they actively go to buy on weekends to conveniently time and monitor listed prices more stably.
At a gold shop on Tran Nhan Tong street (Hanoi), Mr. Do Van Duong (resident in Lang ward) said that he has maintained the habit of buying gold "instantly" from September 2025 to now. "Every month I buy a little, sometimes one chi, sometimes two chi. Up to now, I have also got 6 chi of gold. At the weekend, the listed price does not change, so I take advantage of going to buy to be proactive" - Mr. Duong said.
According to him, although gold prices are at a high level, but in the context of many forecasts that precious metals still have room to increase, he still decided to buy them as additional savings. "Today I plan to buy 3 more gold rings. Buy them gradually to save, considering them as savings in case there is something to use" - he shared.
Standing in the waiting line at a gold shop on Mai Hac De street, Ms. Pham Huyen Trang (Vinh Tuy ward, Hanoi) shared that she had waited for nearly an hour but it was still not her turn to transact. She plans to buy 2 chi of gold rings, equivalent to 2 pieces of gold, each piece of gold is 1 chi.
The store applies the regulation that each customer is only allowed to buy a maximum of 10 taels of gold rings and receive them immediately. Currently, they have also stopped receiving more customers queuing, so anyone present in the queue should try to wait" - Ms. Trang said.
According to her, the decision to buy gold at this time stemmed from monitoring information on financial channels and social networks. "I read quite a few forecasts that the price of precious metals may still increase. I don't buy much but try to save gradually, in case later there is something like weddings, big shopping, it will be available" - Ms. Trang said.
Similarly, Ms. Bui Thu Nguyet (Bach Mai ward) said that she has been queuing for more than an hour but has not yet bought 1 chi of gold rings. According to her, the number of customers coming to transact this morning is quite large, each person buying takes a lot of time, so the waiting line moves slowly. "I only intended to buy 1 chi of gold but have not waited from the beginning of the hour until my turn" - she said.
Gold price update
Closing the week's trading session, Saigon SJC Jewelry Company listed SJC gold prices at 184-187 million VND/tael (buying - selling). The buying - selling difference is at 3 million VND/tael.
Meanwhile, DOJI listed SJC gold price at 184-187 million VND/tael (buying - selling). The buying - selling difference is at 3 million VND/tael.
At the same time, DOJI Group listed the price of gold rings at the threshold of 183.8-186.8 million VND/tael (buying - selling), an increase of 8.2 million VND/tael in both directions compared to a week ago. The buying - selling difference is at 3 million VND/tael.
Phu Quy Gold and Gems Group listed the price of gold rings at the threshold of 183.8-186.8 million VND/tael (buying - selling), an increase of 5.8 million VND/tael in both directions compared to a week ago. The buying - selling difference is at 3 million VND/tael.
Closing the week's trading session, world gold prices were listed at 5,278.2 USD/ounce, up 172.3 USD compared to a week ago.
The strong upward momentum of the international market is creating momentum for 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 still remains high.
See more news related to gold prices HERE...
