According to Lao Dong reporters, in recent days, domestic gold prices have been continuously adjusted down. Many people continue to line up at gold shops to buy.
However, owning plain round gold rings or SJC gold bars is difficult at this time. Many stores do not announce the selling time in advance and only sell a small amount of gold rings according to daily regulations. Meanwhile, most stores have stopped selling SJC gold bars.
Waiting for several hours in front of a gold shop on Tran Nhan Tong Street (Hanoi) to get a coupon to buy a plain round ring, Mr. Pham Anh Thai (Dong Da District, Hanoi) shared: "I came on the day the shop stipulated to sell 1 tael per person, so I still waited to buy, collecting as much tael as I could.
Following the general trend like everyone else, I just keep buying, either to keep as an asset for the future or to sell when the price is right for profit.
Similar to Mr. Thai, Ms. Nguyen Dieu Linh (living in Hoan Kiem district, Hanoi) also lined up to buy gold rings.
"Most stores do not have fixed hours for selling gold rings. Some days they open in the morning, others in the afternoon. Many times I went to buy but missed out because they were out of stock. However, last month I managed to buy 5 taels.
For the past month, whenever it was convenient, I still went to the gold shop and had to wait in a long line to have the chance to buy a ring. That's why the security guards and staff constantly had to ask each person's needs before entering the store to make a transaction. Hopefully in the future, the price of the ring will increase so I can have the opportunity to make a profit," said Ms. Linh.
Sharing with Lao Dong reporter, an employee at a gold shop on Tran Nhan Tong street (Hanoi) - said: "The situation of people lining up to buy round rings has been happening for many days now. When there is stock, they will sell unlimitedly to customers.
However, there are times when the store has to temporarily stop trading because it is out of stock. There are days when the store has very little left, and will limit each person to only being allowed to buy 1 tael of gold ring.
Gold price update
Early this morning (November 5), the price of SJC gold bars was listed by DOJI Group at 87 - 89 million VND/tael (buy - sell). The difference between the buying and selling price of SJC gold at DOJI Group is at 2 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold at 87 - 89 million VND/tael (buy - sell). The difference between the buying and selling price of SJC gold at Saigon SJC Jewelry Company is at 2 million VND/tael.
At the same time, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 87.6 - 88.8 million VND/tael (buy - sell); Bao Tin Minh Chau also adjusted the price of smooth round gold rings to increase to 87.78 - 88.78 million VND/tael (buy - sell).
World gold price listed on Kitco at 23:40 on November 4, 2024 (Vietnam time) was at 2,738.3 USD/ounce.
See more news related to gold prices HERE...
