At the end of last week's trading session, the domestic gold market reversed to decrease. Today (June 29), domestic gold bars and gold rings simultaneously decreased by 500,000 VND/tael. Compared to the same time a month earlier, domestic gold bar prices have decreased by about 10.5 million VND/tael in both buying and selling directions.
At some gold shops on Cau Giay street (Hanoi), the number of customers coming to transact is sparse on the first day of the week. Customers do not need to queue, they can transact immediately.
Mr. Nguyen Dinh Cuong (Tay Ho ward, Hanoi) - said: "My wife and I came to buy plain round gold rings, but I wanted to buy them in cash. Meanwhile, the store announced that it could only pay less than 20 million VND in cash, so I had to return.
According to reporters' observations, this morning, most middle-aged and elderly people who need to buy plain round gold rings have to leave without grasping the mandatory transfer information when buying and selling gold bars from 20 million VND or more.
As one of the few people who bought this morning, Ms. Vu Thu Phuong (My Dinh ward, Hanoi) shared: "Gold prices are still fluctuating, so I don't buy a lot at the same time. Today I want to buy 1 tael of gold for my mother as a birthday gift, both practical and meaningful.
For Ms. Phuong, buying gold is not for the purpose of surfing or taking profits from price differences, but is a form of accumulation for long-term goals or as gifts for loved ones around.
Reporters' records at some other gold shops show that the number of customers is sparse, even deserted. Ms. Do Bach Lien (Cau Giay ward, Hanoi) said: "I often buy plain round gold rings from some brands. This morning, when transacting, there were only me and another customer, so the procedures took place quickly, without jostling.
Gold price update
As of 12:45 PM on June 29th, SJC gold bar prices were listed at the level of 145 - 148 million VND/tael (buying - selling), both down 500,000 VND/tael on both buying and selling sides.
Bao Tin Minh Chau listed SJC gold bar prices at 144 - 148 million VND/tael (buying - selling), down 300,000 VND/tael and 500,000 VND/tael respectively.
At the same time as the survey, SJC plain round gold ring prices tended to decrease, listed at the threshold of 144.9 - 147.9 million VND/tael (buying - selling), down 500,000 VND/tael in both directions.
Bao Tin Minh Chau listed the price of gold rings equal to the price of brand gold bars, currently at the threshold of 144 - 147.5 million VND/tael (buying - selling).
On the world market, as of 12:45 PM on June 29 (Vietnam time), world gold prices diễn biến in a downward direction, listed around the threshold of 4,050.6 USD/ounce, down 38.1 USD.
