Gold ring prices remain unchanged, stores do not sell separate products

Hạ Linh |

On May 18, gold prices went sideways for 3 consecutive days, gold shops traded smoothly in both directions.

At the end of last week's trading session, the domestic gold market maintained the price range. Today (May 18), plain round gold rings and domestic gold bars remained unchanged. Compared to the same time last month, gold prices have decreased by about 8 - 8.5 million VND/tael in the buying - selling direction.

At the gold business store on Cau Giay street (Hanoi), the number of people coming to buy is busier than the selling direction. According to information released from the store, the amount of plain round gold rings bought and sold today is unlimited. The store opens for sale plain round gold rings according to the actual quantity and returns gold directly according to the even quantity.

The afternoon purchase transaction this morning at the store, Ms. V.H. P (Nghia Do ward, Hanoi) shared: "My relatives and I both wanted to buy, but she couldn't arrange to go out in the morning, so she asked me to go buy for her. At 10:10 am, the store did not separate the product, only sold 1 sample according to demand, when opening for sale, I saw it was there. For example, I wanted to buy 5 chi of plain round gold rings separated into 3 chi and 2 chi, but now it's just 1 product to take home".

Người dân xếp hàng chờ giao dịch tại máy thanh toán tự động. Ảnh: Hạ Linh
People line up to wait for transactions at the ATM. Photo: Ha Linh

According to Ms. P, the gold shop sold 1 tablet, so she had to "turn around" and go home, waiting for the afternoon when the two sisters would come out together.

Besides the number of people buying, jewelry items also attract the attention of customers. Ms. B.T. L (Xuan Phuong ward, Hanoi) sat waiting for relatives at the store and said: "Two sisters after going to the pagoda saw the wedding ring missing in their hand. This is also a souvenir gift from the couple, so I had to go back to work. At that time, the gold price was only about a few million, now it has increased to more than 16 million VND/chi".

Gold price update

As of 11:15 AM on May 18, SJC gold bar prices were listed at 160.5-163.5 million VND/tael (buying - selling), keeping the price range unchanged.

Bao Tin Minh Chau listed the price of SJC gold bars at 160.5-163.5 million VND/tael (buying - selling).

At the same time as the survey, the price of SJC plain round gold rings tended to move sideways, listed at the threshold of 160.3-133.3 million VND/tael (buying - selling).

Bao Tin Minh Chau listed the price of gold rings equal to the price of gold bars, currently at 160.5-163.5 million VND/tael (buying - selling).

On the world market, as of 11:16 AM on May 18 (Vietnam time), world gold prices had an upward correction, listed around the threshold of 4,543.7 USD/ounce, up 4.5 USD.

Hạ Linh
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