Gold ring prices increase, buyers of 1 tael have to wait a whole month to get it

Demand for buying gold rings and gold bars is still high

According to Lao Dong reporters' records on the morning of February 3rd, the price of plain round gold rings and gold bars in the country turned up again.

At many gold trading stores in Hanoi, people's demand for gold is still maintained at a high level. Many people come very early, queuing to wait before opening hours with the desire to buy gold rings or gold bars.

However, despite high purchasing power, owning gold rings in recent times has faced many difficulties. Many customers have to wait for hours because stores apply a policy of limiting the quantity sold each day, and even at times the supply falls into a state of scarcity.

Meanwhile, most gold shops are currently temporarily suspending gold bar trading.

Ms. Tran Thi Cuc (living in Hoan Kiem ward, Hanoi) - a customer who came to buy gold rings - shared that last month she bought a tael of gold at a gold business store on Tran Nhan Tong street. This morning, she continued to return with the desire to buy more.

Recently, many places no longer sell gold bars, so I switched to buying gold rings. However, buying and selling depends quite a lot on the opening time of the shop. Sometimes the store announces out of stock, sometimes only allows buying a maximum of 1-2 chi" - Ms. Cuc shared.

According to Ms. Cuc, the store is currently selling a maximum of one tael of gold rings and promises to return it on March 6, 2026. For customers who buy less than 5 taels of gold, they can receive the goods immediately.

I am queuing to wait for my turn to transact. In case I buy 1 tael of gold, the store will issue me an appointment invoice; during the waiting time to receive the goods lasting about 1 month, I can still resell this invoice to the store if I need it" - Ms. Cuc said.

Also coming to buy gold rings at this store, Mr. Bui Huu Tien (Bach Mai ward, Hanoi) said that he took advantage of coming early to queue to get numbers. According to Mr. Tien, the demand for buying gold rings from people is increasing, while the supply at the store is not always available, so buying gold depends a lot on each day.

This morning I came early to get purchase tickets but the store did not issue them, everyone just lined up to take turns to transact. I am waiting and planning to buy 2 copies of 5 taels of gold rings as savings" - Mr. Tien said.

Gold price update

As of 10:50 am, SJC gold bar prices were listed by DOJI Group at the threshold of 170.5-173.5 million VND/tael (buying - selling), an increase of 4.9 million VND/tael in both buying and selling directions compared to yesterday morning. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 170.5-173.5 million VND/tael (buying - selling), an increase of 4.9 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

At the same time, DOJI Group listed the price of gold rings at 170-173 million VND/tael (buying - selling), an increase of 4.9 million VND/tael in both directions compared to the previous day. The buying - selling difference is at 3 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 170.5-173.5 million VND/tael (buying - selling), an increase of 3.5 million VND/tael in both directions. The buying - selling difference is at 3 million VND/tael.

At 9:00 AM, world gold prices were listed around the threshold of 4,841.4 USD/ounce, an increase of 130.8 USD compared to the previous day.