Gold ring prices drop, many people rush to buy

Recorded by Lao Dong reporter on December 16, the domestic price of plain round gold rings and gold bars decreased sharply compared to the previous trading session.

At some gold shops on Tran Nhan Tong Street (Hanoi), many people took the opportunity to buy gold, but the jostling and long lines as before were no longer there.

Mr. Nguyen Huu Phong (Hoan Kiem ward, Hanoi), a customer who came to buy gold rings - said that at the store he chose, each customer was only allowed to buy gold in unlimited quantities. He came many times but could not buy, so he continued to come back this morning to wait.

"Currently, the shop is selling unlimited gold rings and will pay immediately. As for gold bars, they say they are out of stock and won't sell" - Mr. Phong shared.

For Ms. Pham Thi Mai (Hai Ba Trung ward, Hanoi), she decided to go to a store on Tran Nhan Tong street to buy gold rings because the price dropped compared to a few days ago.

"Today the price of gold has decreased slightly, so I went to the store to buy. Because there are still quite a few people ahead, they are still waiting for their turn to trade. They sell without limitation, so I plan to buy 1 tael of gold" - Ms. Mai said.

Gold price update

As of 11:50 a.m., DOJI Group listed the price of SJC gold bars at VND154.2-156.2 million/tael (buy - sell), down VND600,000/tael in both directions compared to yesterday morning. The difference between buying and selling prices is at 2 million VND/tael.

The price of SJC gold bars was listed by Bao Tin Minh Chau at 153.6-155.6 million VND/tael (buy - sell), down 1.2 million VND/tael in both directions compared to yesterday morning. The difference between buying and selling prices is at 2 million VND/tael.

At the same time, DOJI Group listed the price of gold rings at 151.5-154.5 million VND/tael (buy - sell), down 300,000 VND/tael in both directions compared to yesterday morning. The difference between buying and selling is 3 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 151.5-154.5 million VND/tael (buy - sell), down 1 million VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.

At 11:54, the world gold price was listed at 4,288.1 USD/ounce.