After a period of continuous gold price increases and people queuing to buy and sell, in recent days the trading atmosphere at gold stores in Hanoi has become quieter as gold prices have adjusted down.
Recorded by reporters on the morning of July 21st in the Tran Nhan Tong street area (Hai Ba Trung ward) - where many large gold trading stores in Hanoi are concentrated - the number of customers coming to transact still maintains, but there is no longer a scene of jostling and queuing from early morning like when gold prices were hot. People come to stores scattered, transactions take place quickly, without having to wait long.
According to observations, there are only a few customers entering and leaving each store. The sidewalk area is clear, and there is no situation of crowded gatherings or long queues like many months ago. Inside the stores, employees can serve customers as soon as they come to transact.
Ms. Pham Hoai Thuong (Bach Mai ward, Hanoi) said that she takes advantage of the time when gold prices cool down to buy as savings assets. According to her, gold is still a suitable asset holding channel in the long term, so short-term market fluctuations do not significantly affect the purchase decision.
I don't expect to surf the wave. The price decrease compared to before is an opportunity to buy a little more to accumulate for the long term. If long-term investment is identified, adjustments like now are normal" - Ms. Thuong shared.
Meanwhile, Mr. Nguyen The Nam (Hoan Kiem ward, Hanoi) shared that the number of customers at the store has decreased significantly compared to the time when gold prices continuously peaked. He said that there is no longer a scene of having to queue to wait for their turn as before, transactions take place quickly when stores no longer limit the quantity of gold sold and customers receive gold immediately after payment.
I just bought 3 taels of plain round gold rings. Previously, there were times when I had to queue to buy, each person could only buy a certain quantity and had to wait to receive gold. Now the store sells normally, receiving gold immediately, so I take advantage of buying when the price has cooled down" - Mr. Nam shared.
According to some people, the decrease in gold prices does not make them hesitant, but on the contrary, is considered a favorable time to supplement their gold holdings. Most customers coming to trade have a psychology of buying accumulation instead of short-term speculation.
Gold price update
As of 10:00 AM, Phu Quy Jewelry Group listed SJC gold bar prices at 142.5-146 million VND/tael (buying - selling), down 1.2 million VND/tael in both buying and selling directions compared to yesterday morning.
At the same time, SJC gold bar prices were listed by DOJI Group at 143-146 million VND/tael (buying - selling), down 1.2 million VND/tael in both buying and selling directions.
At the same time, DOJI Group listed the price of gold rings at 142-146 million VND/tael (buying - selling), down 500,000 VND/tael in both buying and selling directions.
Phu Quy Jewelry Group listed the price of gold rings at 141.5-145 million VND/tael (buying - selling), down 1.2 million VND/tael in both buying and selling directions compared to yesterday morning.
At 10:21 AM, world gold prices were listed around the threshold of 4,038.3 USD/ounce.
See more news related to gold prices HERE...
