Recorded by Lao Dong reporter on February 24, the domestic price of plain round gold rings and gold bars increased. Gold shops still attract a large number of customers to buy 9999 smooth round gold rings. However, most stores have announced that they are out of stock, temporarily suspended from accepting transactions or only open for sale during limited hours.
Mr. Chu Van Hai (Hoan Kiem District, Hanoi) shared that he has been to a gold shop on Tran Nhan Tong Street, Hanoi many times but was only able to buy 1 tael of gold ring after many days of waiting.
"A few days ago, I couldn't buy gold rings here because they said they were out of stock. This morning, the shop sold a maximum of 1 tael of gold ring to one person. Because I did not have enough gold I needed, I will continue to come and wait to buy it the next day" - Mr. Hai said.
Ms. Nguyen Thai An (living in Dong Da district, Hanoi) also encountered a similar situation when she wanted to buy gold rings.
According to Ms. An, buying gold rings at this time is very difficult because you have to come at the right time when the store opens for sale. However, if you can watch this time, the gold shop stipulates that each person can only buy a limited amount per day.
"Currently, the shop is selling a maximum of 1 tael of gold ring to a person. However, this morning I also had to queue early to buy. I don't know if they will open for sale again in the afternoon or not" - Ms. An said.
Gold price update
As of 11am, the price of SJC gold bars was listed by DOJI Group at 89.5 - 91.8 million VND/tael (buy - sell), down 100,000 VND/tael for both buying and selling compared to early in the morning.
The difference between the buying and selling prices of SJC gold at Saigon Jewelry Company SJC is at 2.3 million VND/tael.
Bao Tin Minh Chau listed the price of SJC gold bars at 89.9 - 91.8 million VND/tael (buy - sell); an increase of 300,000 VND/tael for buying and an increase of 100,000 VND/tael for selling compared to early in the morning.
The difference between buying and selling SJC gold at Bao Tin Minh Chau is at 1.9 million VND/tael.
At the same time, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 90.05 - 92 million VND/tael (buy - sell); increased by 50,000 VND/tael for buying and increased by 300,000 VND/tael for selling compared to early in the morning.
Bao Tin Minh Chau listed the price of gold rings at 90.06 - 92.1 million VND/tael (buy - sell); down 140,000 VND/tael for buying and up 300,000 VND/tael for selling compared to early in the morning.
As of 11:05 on February 24 (Vietnam time), the world gold price listed on Kitco was at 2,938.895 USD/ounce.
