According to Lao Dong reporter on November 24, the price of 9999 round gold rings was adjusted up by brands compared to the previous trading session. At some gold shops in Hanoi, many places continued to temporarily stop selling 9999 round gold bars and round gold rings.
Mr. Ngo Thanh Nam (Cau Giay District, Hanoi) - a customer coming to transact at a gold shop on Cau Giay Street - said: "For many days now, this shop has announced that it is not selling or selling very little plain round gold rings, so it is very difficult to buy.
Yesterday, I also tried to wait longer to buy but couldn't. This morning I came early, the staff also said they didn't know when it would be sold out so I went home without waiting any longer."
Ms. Nguyen Huyen Trang (Nam Tu Liem district, Hanoi) has been waiting for a whole month but still has not been able to buy a plain round gold ring.
"The price is still high but it is very difficult for people to buy gold. Before, there were many people lining up, but now there is no one, because we have waited for many days without being able to buy anything.
This morning, I also went to ask to buy but the staff also informed me that they didn't know when it would be sold, so I went home and waited a few days for it to be available before coming back to buy" - Ms. Trang said.
Sharing with Lao Dong reporter, an employee at a gold shop on Cau Giay street (Hanoi) said: "Currently, the shop has run out of gold rings for many days now, so we cannot sell them to customers. We also do not know when we will have more goods to continue normal transactions."
Gold price update
As of 2:00 p.m. on November 24, the price of SJC gold bars listed by DOJI Group was at VND85 - 87 million/tael (buy - sell). The difference between the buying and selling prices of SJC gold at DOJI Group was VND2 million/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold at 85.3 - 87 million VND/tael (buy - sell). The difference between the buying and selling price of SJC gold at Saigon SJC Jewelry Company is at 1.7 million VND/tael.
If you buy SJC gold at DOJI Group on November 17 and sell it today (November 24), investors will earn 1.5 million VND/tael. Similarly, those who buy gold at Saigon SJC Jewelry Company will also earn 1.5 million VND/tael.
At the same time, the price of 9999 Hung Thinh Vuong round gold ring at DOJI was listed at 85.6 - 86.6 million VND/tael (buy - sell).
Bao Tin Minh Chau also adjusted the price of plain round gold rings to increase to 85.63 - 86.58 million VND/tael (buy - sell).
After a week of strong increases, if investors buy gold rings in the session of November 17 and sell them in today's session (November 24), the profit investors will receive when buying at DOJI and Bao Tin Minh Chau is 2.9 million VND/tael and 2.95 million VND/tael, respectively.
The world gold price listed on Kitco at 10:16 a.m. on November 24 (Vietnam time) is at 2,716.335 USD/ounce.
