According to Lao Dong reporters today (November 7), although the price of gold has been continuously adjusted down sharply, many people continue to choose to go to gold shops to wait to buy.
However, it is still difficult to own gold rings at this time. Many people have to line up early to wait to buy because the stores do not announce the selling time in advance or control the number of rings on a daily basis.
Waiting to buy gold rings since the gold shop on Tran Nhan Tong Street (Hanoi) has not opened yet, Ms. Tran Phuong Trang (Hai Ba Trung District, Hanoi) shared: "In the past few days, the price of rings has increased so much that I am hesitant to buy.
Many recent trading sessions have dropped a bit, so I decided to buy because it might only decrease in the short term. Today, the staff announced that they would sell unlimited quantities to each person, not retail 1 to 2 like the previous days."
Similar to Ms. Trang, Mr. Nguyen Van Lam (Hoan Kiem district, Hanoi) also waited to buy gold rings and said: "I thought that if the gold price dropped, I would have less time to wait in line to buy, but now more and more people are coming.
Today, the store has no limit on the number of sales per person. I plan to buy about 5 just to save up."
As for Ms. Nguyen Mai Lan - living in Dong Da district, Hanoi - she bought a few taels of gold rings last month. Today, the sharp drop in gold prices has left her wondering whether to buy more or sell at this time.
"Not only last month but now, everyone has to wait and queue for a long time to buy gold rings. Even many days, my friends told me they had to go home because the store ran out of gold.
I regularly follow the gold price board. The price sometimes goes up and sometimes down, so I wonder whether I should sell or buy more. Today, I went to the gold shop on Tran Nhan Tong to see what the trend is, but I haven't decided yet" - Ms. Lan said.
Gold price update
As of 1:30 p.m. on November 7, the price of SJC gold bars was listed by DOJI Group at VND83 - 87 million/tael (buy - sell). The difference between the buying and selling prices of SJC gold at DOJI Group was VND4 million/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold at 83 - 86.5 million VND/tael (buy - sell). The difference between the buying and selling price of SJC gold at Bao Tin Minh Chau is 3.5 million VND/tael.
At the same time, the price of 9999 Hung Thinh Vuong round gold ring at DOJI was listed at 81.8-83.9 million VND/tael (buy - sell), down 5.7 million VND/tael for buying and down 4.6 million VND/tael for selling compared to the trading session on November 6.
Bao Tin Minh Chau also adjusted the price of plain round gold rings to increase to 81.38-83.88 million VND/tael (buy - sell); down 6.1 million VND/tael for buying and down 4.6 million VND/tael for selling compared to the trading session on November 6.
The world gold price listed on Kitco at 1:30 p.m. on November 7 (Vietnam time) is at 2,656 USD/ounce.
