Although gold prices have continuously fluctuated strongly recently, the trading atmosphere in the Tran Nhan Tong gold street area (Hai Ba Trung ward, Hanoi) has become less crowded than in previous months. Recorded on the morning of May 26, the number of customers coming to buy and sell gold at some stores was quite stable, the waiting time for transactions was only about 15 - 20 minutes.
Many people said that buying gold is now more convenient when stores all have gold for direct sale according to demand and delivery to customers immediately. Customers no longer have to queue early or receive gold pick-up appointments like the "hot" market period before.
Sharing with reporters, Ms. Tran Thi Lien (Hai Ba Trung ward, Hanoi) said that she took the opportunity to buy 2 taels of gold to prepare wedding gifts for relatives in her family.
My family is about to have a wedding, so I went to buy gold as a gift. Today I came and found it quite deserted, no jostling like before. I waited about 15 minutes to buy it. I just bought 2 taels of gold for 32.3 million VND" - Ms. Lien shared.
According to Ms. Lien, the decrease in gold prices makes it easier for people to consider buying, while gold is still chosen by many families as gifts for weddings thanks to its long-term accumulated value.
Meanwhile, Mr. Tran Tuan Minh (Bach Mai ward, Hanoi) said that he buys gold to serve personal work, not to invest in surfing.
I need to buy 5 taels of plain round gold rings to solve personal matters, so I took advantage of going to the store from morning. The procedures are now much faster, the store has gold delivered immediately, not waiting like the previous time" - Mr. Minh said.
Mr. Minh believes that people's psychology is now more stable after the period when gold prices fluctuated too strongly. Therefore, the number of people flocking to buy gold has also decreased significantly.
Also coming to buy gold on Tran Nhan Tong street, Ms. Le Thi Luong (Hai Ba Trung ward, Hanoi) said that she still maintains the habit of buying gold periodically to save assets.
I don't buy a lot at the same time but gradually accumulate, each time buying about 0.5 - 1 tael of gold rings. For me, gold is still a safe haven for assets. Today buying is quite comfortable, no longer standing crowded on the sidewalk like a few months ago" - Ms. Luong said.
Gold price update
As of 11:20 am, SJC gold bar prices were listed by DOJI Group at 158.5-161.5 million VND/tael (buying - selling), down 500,000 VND/tael in both buying and selling directions compared to yesterday morning.
Bao Tin Minh Chau listed SJC gold bar prices at 158.5-161.5 million VND/tael (buying - selling), down 500,000 VND/tael in both buying and selling directions compared to yesterday morning.
At the same time, DOJI Group listed the price of gold rings at 158.5-161.5 million VND/tael (buying - selling), down 500,000 VND/tael in both buying and selling directions compared to yesterday morning.
Bao Tin Minh Chau listed SJC gold bar prices at 158.5-161.5 million VND/tael (buying - selling), down 500,000 VND/tael in both buying and selling directions compared to yesterday morning.
At 9:20 am, world gold prices were listed around the threshold of 4,537.1 USD/ounce, down 23.6 USD compared to the previous day.
See more news related to gold prices HERE...
