Long queues waiting to buy gold rings
In recent trading sessions, the supply of 9999 plain round gold rings on the market is in a limited state. Many stores have temporarily stopped selling or only traded in very small quantities, causing people with buying needs to face many difficulties.
According to Lao Dong reporters' records on December 30, although the price of plain round gold rings adjusted sharply down, the number of people coming to gold shops is still crowded, many people accept to queue for several hours to be able to buy.
At a gold shop on Tran Nhan Tong street (Hanoi), Ms. Do Thi Hoai (Kiem ward, Hanoi) said that each customer is currently only allowed to buy a maximum of 1 tael of gold rings. However, due to the large number of customers, she had to queue for more than an hour but it was still not her turn to transact.
Sharing the reason for buying gold at this time, Ms. Hoai said that holding cash makes her worried about the risk of price drop, especially at the end of the year. "I plan to buy about 5 taels of gold rings to both keep money and expect prices to increase in the near future" - she said.
Sharing the same experience, Mr. Pham The Huy (Hai Ba Trung ward, Hanoi) said that although he bought 5 taels of gold rings last week, he still continued to return to the store to wait to buy more when there is a supply.
According to Mr. Huy, buying gold rings at this time is no longer as easy as before. For many days, the store only sells in very limited quantities, even at times temporarily stopping transactions due to out of stock. "Previously, just coming to the store was enough to buy immediately, but now customers have to queue to wait for their turn, some people come very early and are still not sure to buy" - he said.
Mr. Huy said that in today's trading session, the store applied a maximum selling price of 1 tael of gold per customer. However, due to the large number of people waiting to buy, Mr. Huy said that he still has to patiently queue and does not know if the transaction can be successful or not.
Gold price update
As of 10:50 am, SJC gold bar prices were listed by DOJI Group at the threshold of 152.2-154.2 million VND/tael (buying - selling), down 4.6 million VND/tael in both directions compared to yesterday morning. The difference between buying and selling prices is at the threshold of 2 million VND/tael.
Bao Tin Minh Chau listed SJC gold bar prices at the threshold of 152.2-154.2 million VND/tael (buying - selling), down 4.6 million VND/tael in both directions compared to yesterday morning. The difference between buying and selling prices is at the threshold of 2 million VND/tael.
As of 10:50 am, DOJI Group listed the price of gold rings at 150-153 million VND/tael (buying - selling), down 4 million VND/tael in both directions compared to yesterday morning. The buying - selling difference is at 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 151.7-154.7 million VND/tael (buying - selling), down 4.6 million VND/tael in both directions compared to yesterday morning. The buying - selling difference is at 3 million VND/tael.
At 10:09 am, world gold prices were listed around the threshold of 4,359.4 USD/ounce, down 154.2 USD compared to the previous day.
See more news related to gold prices HERE...
It's a bit of a bit of a bit of a bit of a bit of a bit.
