Gold ring prices suddenly drop, people anxiously buy and sell

On December 2, Lao Dong reporters' records at some gold shops in Hanoi showed that the number of customers buying gold rings was quite large.

Many stores said that there are no more SJC gold bars, while the number of gold rings sold is not limited. However, depending on the business location and the number of orders, customers may have to wait a few days to get the goods or can receive gold rings immediately.

Meanwhile, many people are anxious when selling to make a profit.

Ms. Phan Nhu Quynh - a customer who came to buy gold at a gold and silver shop on Tran Nhan Tong Street (Hanoi) - said: "Last month, to buy gold, I had to wait in long lines from the entrance. There were even times when the store ran out of stock and did not sell. Today, when I returned, the number of buyers was still large but no longer as crowded as before".

Ms. Quynh added that the shop she went to is currently selling unlimited gold rings. However, whether customers receive gold right away or have to wait depends on the quantity ordered.

"If I buy about 1 tael of gold, I can receive it right away, but those who buy 5 taels or more often have to wait about 5 days. They are selling unlimitedly, but sometimes it is their turn to trade and they are out of stock. I hope to buy it today" - Ms. Quynh said.

For Ms. Nguyen Thi Nga (Hai Ba Trung ward, Hanoi), she took the opportunity to buy gold when the price dropped.

"This morning, the price of gold has decreased a little, so I decided to buy. The store is also selling unlimitedly, so you don't have to buy items that are just as good as before. I plan to buy about 3 taels" - Ms. Nga is lining up waiting for her turn to trade, shared.

While many people are waiting to buy when the price of gold drops, others are hesitant when selling.

At a gold shop on Tran Nhan Tong Street (Hanoi), Mr. Chu Manh Tan shared: "I bought 5 taels since the beginning of January this year, and have made a profit. Today the price has decreased, I plan to sell to avoid further price decreases. However, I also consider it because I am worried that prices may increase again".

Gold price update

As of 10:00, the price of SJC gold bars was listed by DOJI Group at 152.6-154.6 million VND/tael (buy - sell), down 1.1 million VND/tael in both directions compared to yesterday morning. The difference between buying and selling prices is at 2 million VND/tael.

The price of SJC gold bars was listed by Bao Tin Minh Chau at 153.1-154.6 million VND/tael (buy - sell), down 600,000 VND/tael in both directions compared to yesterday morning. The difference between buying and selling prices is at 1.5 million VND/tael.

At the same time, DOJI Group listed the price of gold rings at 150.6-153.6 million VND/tael (buy - sell), down 300,000 VND/tael in both directions compared to yesterday morning. The difference between buying and selling is 3 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 151.5-154.5 million VND/tael (buy - sell), down 300,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.

At 9:10 a.m., the world gold price was listed around 4,251.4 USD/ounce, up 33 USD compared to a day ago.