Gold prices plummet, stores no longer have long lines waiting to buy

Đức Anh |

On April 11, gold prices cooled down, in Hanoi, the number of gold buyers on many streets decreased significantly, and the waiting time for transactions was significantly shortened.

Recorded on the morning of April 11th on some traditional gold business streets in the center of Hanoi such as Mai Hac De street and Tran Nhan Tong street (Hai Ba Trung district, Hanoi), the buying and selling atmosphere still took place continuously but no longer the crowded scene as before.

The number of customers coming to transact has decreased significantly, stores still welcome customers in and out regularly, but the scene of long queues outside the door is almost gone, and waiting times have also been significantly shortened. Most buyers today transact in small quantities, mainly focusing on plain round gold rings instead of other products.

Ngày 11.4, tại một số cửa hàng vàng ở Hà Nội, người dân vẫn đến mua nhưng lượng khách đã thưa hơn so với trước. Ảnh: Đức Anh
On April 11, at some gold shops in Hanoi, people still came to buy, but the number of customers was less than before. Photo: Duc Anh

On Tran Nhan Tong street, Ms. Pham Khanh Huyen (Bach Mai ward, Hanoi) said that she only bought a small amount of gold after monitoring market fluctuations recently. According to her, although still having to wait, the overload situation has decreased significantly compared to before.

The store still has customers but no longer crowded like before. I waited about half an hour for my turn to transact, quite comfortable. I just bought 1 gold ring" - Ms. Huyen shared.

Meanwhile, Mr. Tran Duc Minh (Bach Mai ward, Hanoi) came to the store early with the need to buy 2 taels of gold as savings. However, staff informed that large quantity orders often require pre-ordering and can be received after a certain period of time.

Although the store announced that large orders needed to be pre-ordered and may have to wait until the end of April to receive gold, I had prepared money in advance, today the price also decreased, so I still decided to buy 2 taels of gold and accept waiting" - Mr. Minh said.

Không còn tình trạng người dân xếp hàng dài trước các cửa hàng vàng. Ảnh: Lệ Hà
No longer the situation of people queuing in long lines in front of gold shops. Photo: Le Ha

Not only in the Tran Nhan Tong area, the situation on Mai Hac De street also recorded similar developments. The number of customers coming to transact is somewhat less, mainly people coming to receive goods that have been pre-ordered or small transactions.

Ms. Le Ngoc Anh (Thuan An commune, Hanoi) said that she ordered gold from the end of March and was scheduled to receive it on April 6, 2026. Due to being busy with work, this morning, she came to pick up the goods.

Even though I don't have to buy new ones but just come to receive them, I still have to wait for my turn. But in general, there is no longer the crowded scene as before, and moving and transacting is also easier" - Ms. Ngoc Anh said.

Gold price update

As of 11:35 am, SJC gold bar prices were listed by DOJI Group at the threshold of 169.4-172.4 million VND/tael (buying - selling), down 300,000 VND/tael in both buying and selling directions compared to yesterday morning.

Diễn biến giá vàng SJC những phiên giao dịch gần đây. Biểu đồ: Khương Duy
SJC gold price movements in recent trading sessions. Chart: Khuong Duy

SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 169.4-172.4 million VND/tael (buying - selling), down 300,000 VND/tael in both buying and selling directions compared to yesterday morning.

At the same time, DOJI Group listed the price of gold rings at the threshold of 169.4-172.4 million VND/tael (buying - selling), down 300,000 VND/tael in both buying and selling directions compared to yesterday morning.

Diễn biến giá vàng nhẫn những phiên giao dịch gần đây. Biểu đồ: Khương Duy
Gold ring price movements in recent trading sessions. Chart: Khuong Duy

Bao Tin Minh Chau listed the price of gold rings at the threshold of 169.4-172.4 million VND/tael (buying - selling), down 300,000 VND/tael in both buying and selling directions compared to yesterday morning.

At 11:38 AM, world gold prices were listed around the threshold of 4,749.685 USD/ounce.

See more news related to gold prices HERE...

Đức Anh
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