Gold ring prices fall, people take advantage of buying, people hesitate to sell

Linh Đan |

On April 5, domestic gold prices plummeted. Recorded in Hanoi, while many people lined up to buy gold rings, many people hesitated to sell.

According to Lao Dong reporters' records on Sunday (April 5), domestic gold ring and gold bar prices are decreasing compared to previous trading sessions in the week.

At some gold shops on Tran Nhan Tong and Mai Hac De streets (Hai Ba Trung ward, Hanoi), the demand for buying and selling gold rings from people is still high, but today the number of customers is less, so there is no longer a crowded queue like before.

Giá vàng trong nước giảm, nhiều cửa hàng tấp nập khách chờ giao dịch mua bán. Ảnh: Linh Đan
Domestic gold prices decrease, many stores are bustling with customers waiting for transactions. Photo: Linh Dan

Present at a gold shop on Tran Nhan Tong street, Mr. Tran Hai Nam (Hai Ba Trung ward, Hanoi) said that he came to buy gold rings for the purpose of saving assets.

According to Mr. Nam, in the days before he came to buy gold, the store often sold gold rings in limited quantities to each customer, sometimes even having to post-pay. Today alone, the number of customers has been less, so transactions take place faster.

I just bought 1 chi of gold rings and was returned immediately. Now at the weekend, the listed price at the store has not changed and is also lower than at the beginning of the week, so I took the opportunity to buy" - Mr. Nam said.

Also present at the gold shop on Tran Nhan Tong street, Mr. Pham Minh Tri (Vinh Thanh commune, Hanoi) said that he had just bought 2 taels of gold after a short wait.

According to Mr. Tri, in previous days, buying gold was quite difficult due to increased demand while supply was limited, many stores limited the quantity of gold rings and did not have gold bars. However, today the situation has become "easier to breathe".

Today I arrived at the store at 10:20 am, the number of customers is no longer too crowded, just waiting about 30 minutes to complete the transaction" - Mr. Tri shared.

Vàng nhẫn vẫn là sản phẩm được nhiều người ưa chuộng, săn mua thời điểm này. Ảnh: Phương Anh
Gold rings are still a popular product, hunted for at this time. Photo: Ha Le

While many people are taking advantage of buying, many people are considering selling when gold prices show signs of decreasing.

On Mai Hac De street, sharing with Lao Dong reporters, Ms. Do Thi Quynh Anh (Bach Mai ward, Hanoi) said she is considering a plan to sell part of the gold she is holding.

According to Ms. Quynh Anh, the sharp drop in gold prices this week makes her worried that the downward trend may continue.

If the market continues to fluctuate unpredictably, I can sell 1-2 taels out of the total 3 taels of gold I bought from August 2025, and consider switching to other channels to save money" - Ms. Quynh Anh shared.

Gold price update

Closing the week's trading session, Saigon SJC Jewelry Company listed SJC gold prices at 171.5-174.5 million VND/tael (buying - selling). The buying - selling difference is at 3 million VND/tael.

Diễn biến giá vàng miếng SJC những phiên gần đây. Biểu đồ: Phan Anh
SJC gold bar price movements in recent sessions. Chart: Phan Anh

Meanwhile, DOJI listed SJC gold price at 171-174.5 million VND/tael (buying - selling). The buying - selling difference is at 3.5 million VND/tael.

At the same time, DOJI Group listed the price of gold rings at 171-174.5 million VND/tael (buying - selling). The buying - selling difference was 3.5 million VND/tael.

Diễn biến giá vàng nhẫn những phiên gần đây. Biểu đồ: Phan Anh
Gold ring price movements in recent sessions. Chart: Phan Anh

Phu Quy Gold and Gems Group listed the price of gold rings at 171-174 million VND/tael (buying - selling).

Closing the weekly trading session, world gold prices were listed at the threshold of 4,676 USD/ounce.

See more news related to gold prices HERE...

Linh Đan
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