After a slight increase, this morning (March 18), plain round gold rings and domestic gold bars stabilized at most brands. At gold business stores on Cau Giay street, Hanoi, a vibrant scene still takes place at the buying counter.
According to information released from the store, the quantity of plain round gold rings sold this morning is unlimited. However, if customers need to buy from 1-3 taels of gold, they will be able to trade directly, and more quantities will receive appointment slips.
Coming 3 hours before the opening time, Ms. V.T. H (Xuan Phuong ward, Hanoi) shared: "Today, I arrived at 6:30 am, sitting outside waiting for the store to open for transactions. After 1 hour sitting outside, we were arranged to go inside to wait, continuing to wait for the official opening time. At that time, I booked the number 22, 23. I kept my daughter to come later, but she came late, now she has to sit and wait from the beginning. Some people came from 5 am, calculated to wait for 4 hours".
Ms. V.T. H added that she bought 10 taels of gold from 2024 when gold prices hit the threshold of 86 million VND/tael.
My family has a younger sibling in Germany, who sent Euros back, asking her to keep them. While that amount of money was not used, I took it to exchange for VND and buy gold. Before the Lunar New Year 2026, my sibling needed about 30,000 euros, so I took it to sell, the price at that time also hit a peak, calculated to make a profit of 100 million VND/tael. The remaining amount, I still kept, now if I have more, I will continue to buy" - Ms. V.T. H shared.
According to Ms. H, buying gold is a traditional investment channel, so to save more, Ms. H will go buy even if she has to wait for many hours.
Similarly, Mr. D.M. T (Nghia Do ward, Hanoi) - one of the people who started early to queue to buy gold rings - said: "Today, I also bought more than 3 taels of gold and used the bank transfer method. Although it does not take time to pay, waiting for the store to open for sale takes quite a long time, from 3-4 hours, so each time I go to buy, I will save enough, saving effort.
People need to note that the buying - selling price difference of gold rings at stores has been widened. Investors, if trading in the short term, need to pay special attention to this difference, because this is a decisive factor in real profit when selling.
Although gold prices are increasing sharply, experts recommend that investors should not FOMO (buy in pursuit of crowd psychology), especially with gold rings when the buying - selling difference is high.
Reality shows that as soon as the price reverses or adjusts slightly, buyers may fall into a loss situation right after trading, because the difference has been "deducted" from the profit. Therefore, people need to carefully consider their holding goals, calculate the difference and fluctuation risks before spending money.
Gold price update
As of 11:50 AM on March 18, SJC gold bar prices were listed at 180-183 million VND/tael (buying - selling), unchanged compared to the previous closing session.
Similarly, Bao Tin Minh Chau listed the price of SJC gold bars at 180-183 million VND/tael (buying - selling).
At the same time as the survey, SJC listed the price of plain round gold rings at 179.7-182.7 million VND/tael (buying - selling), unchanged compared to yesterday's closing session.
Bao Tin Minh Chau listed the price of gold rings equal to the price of gold bars, currently at 180-183 million VND/tael (buying - selling).
In the world market, as of 11:50 AM on March 18 (Vietnam time), world gold prices had a deep downward correction, listed around the threshold of 4,985 USD/ounce, down 20 USD.
