Domestic gold bar and gold ring prices on August 27th decreased sharply. Recorded at some gold trading stores in Hanoi, the number of customers coming to transact is no longer as crowded as in previous days, and the scene of queuing and jostling to buy gold is also no longer there.
At stores, buying and selling activities take place quite quickly. Customers coming to transact mainly choose plain round gold rings in moderate quantities.
Quick transactions, no more jostling to buy gold
At a store on Tran Nhan Tong street (Hai Ba Trung ward, Hanoi), Ms. Ta Thanh Thuy (Bach Mai ward, Hanoi) said that she often has a habit of buying gold at the end of each month to accumulate. Depending on financial conditions, some months she buys 1 chi, some months only buys half a chi.
When I came to buy, the store only had me and another person. Transactions were very fast, without having to wait long. The store also did not limit the quantity sold and returned the goods immediately" - Ms. Thuy shared.
According to Ms. Thuy, buying gold in small quantities and regularly helps her maintain the habit of accumulating, instead of waiting until she has a large amount of money to buy.
At another store, Mr. Ngo Duy Tu (Hai Ba Trung ward, Hanoi) said that he took advantage of the time when gold prices decreased to buy plain round gold rings for accumulation.
Gold prices are falling, so I'm taking advantage of buying more to accumulate. Today I bought 3 taels of plain round gold rings, the transaction time was 15.24 million VND/tael of gold, the transaction was also quite fast because I didn't have to wait long" - Mr. Tu shared.
Compared to market bustling times, he finds buying gold now more convenient because he doesn't have to queue or wait long.
Gold price update
As of 10:00 AM, Phu Quy listed SJC gold bar prices at 147-150 million VND/tael (buying - selling), down 600,000 VND/tael in both buying and selling directions compared to yesterday morning.
SJC gold bar price was listed by Bao Tin Minh Chau at 148.4-15.2.4 million VND/tael (buying - selling), down 1.6 million VND/tael in both buying and selling directions compared to yesterday morning.
At the same time, DOJI Group listed gold ring prices at the threshold of 148.9-152.9 million VND/tael (buying - selling), down 1.1 million VND/tael in both buying and selling directions compared to yesterday morning.
The price of gold rings was listed by Bao Tin Minh Chau at 148.4-15.2.4 million VND/tael (buying - selling), down 1.6 million VND/tael in both buying and selling directions compared to yesterday morning.
At 9:00 AM, world gold prices were listed around the threshold of 4,640.8 USD/ounce, down 15.8 USD.
The downward trend of the international market is affecting domestic gold prices. People need to be cautious and avoid following the crowd mentality when gold prices fluctuate strongly, especially in the context that the difference between buying and selling prices is still maintained at a high level.
See more news related to gold prices HERE...
