Gold ring prices increase, stores still limit sales quantity

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Hanoi - On March 5, domestic gold prices continued to increase. Owning gold rings still faces many difficulties due to many reasons.

Recorded by Lao Dong reporter at 9:20 a.m. on March 5, at some gold shops in Hanoi, the situation of people jostling to line up in front of the store waiting to buy gold rings continued.

However, most stores have announced that they do not have SJC gold bars and have limited the quantity of plain round gold rings sold. This makes it difficult for many people who want to buy gold.

Sang 5.3, nhieu nguoi cho doi truoc cua hang vang bac da quy tai Ha Noi de mua vang nhan. Anh: Phuong Anh
On the morning of March 5, many people waited in front of a jewelry store in Hanoi to buy gold rings. Photo: Phuong Anh

Mr. Nguyen Manh Hung (Hai Ba Trung District, Hanoi) - a customer who came to buy gold rings at a gold shop on Tran Nhan Tong Street - shared: "The day before, I went to this gold shop to wait to buy but could not buy. Today I continue to come back to wait. The shop limits each person to only buy a maximum of 1 tael of gold. However, I don't know if I can buy it or not because everyone in front of me is waiting in large numbers".

Nhieu nguoi cho biet vang nhan rat kho mua o thoi diem nay. Anh: Le Ha
Many people say that gold rings are very difficult to buy at this time. Photo: Le Ha

Also looking to buy gold, Ms. Pham Huong Lien (Dong Da district, Hanoi) shared that owning gold rings at this time is not easy. Many people have to queue early in front of gold shops even before opening time.

"This morning, I went to the store and was informed by the staff that each person could only buy a maximum of 1 tael of gold. If customers buy retail, the store only sells 3 taels of gold rings. Currently, I am still waiting for my turn to transact" - Ms. Lien said.

Gia vang lien tuc bien dong, vang nhan van la mat hang duoc nhieu nguoi tim mua. Anh: Phuong Anh
Gold prices are constantly fluctuating, gold rings are still a popular item. Photo: Phuong Anh

Gold price update

As of 10:00 on March 5, the price of SJC gold bars was listed by DOJI Group at 90.7 - 92.7 million VND/tael (buy - sell); an increase of 1.1 million VND/tael for both buying and selling.

The difference between the buying and selling prices of SJC gold at Saigon Jewelry Company SJC is at 2 million VND/tael.

Meanwhile, Bao Tin Minh Chau listed the price of SJC gold at 90.9 - 92.7 million VND/tael (buy - sell); an increase of 1.1 million VND/tael for both buying and selling.

The difference between buying and selling SJC gold at Bao Tin Minh Chau is at 1.8 million VND/tael.

At the same time, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 91.6 - 92.9 million VND/tael (buy - sell); an increase of 700,000 VND/tael for both buying and selling compared to early this morning.

Bao Tin Minh Chau adjusted the price of plain round gold rings to 91.9 - 93.1 million VND/tael (buy - sell); increased by 700,000 VND/tael for both buying and selling compared to early this morning.

As of 10:05 on March 5 (Vietnam time), the world gold price listed on Kitco was at 2,906.155 USD/ounce.

Dien bien gia vang the gioi. Nguon: Kitco
World gold price developments. Source: Kitco

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