After a weekend surge, this morning, the price of plain round gold rings and domestic gold bars reversed and decreased sharply at most brands. At gold business stores on Cau Giay street, Hanoi, the scene of customers with buying needs became even more bustling.
According to information released from the store, the amount of plain round gold rings sold this morning is a maximum of 2 taels of gold. However, if customers need to buy less than 5 taels of gold, they will be able to trade directly, the quantity is more than receiving the appointment slip.
Having bought gold many times at a gold business on Cau Giay street, Ms. Bui Nhu Mai (Nghia Do ward, Hanoi) said: "Today it's raining, so everyone is queuing later, currently there are 4 more rows waiting outside. Inside, the room is also full of people sitting. I plan to buy 2 taels of gold to accumulate more.
Ms. Mai added that many people only refer to the price, waiting outside to determine it takes time, so not everyone is patient enough.
Choosing the form of buying gold by bank transfer using automatic payment machines, Mr. Do Duc Van (Dong Da ward, Hanoi) came to queue many hours before the opening hours. Mr. Van said: "My house is in Thai Thinh area, I took the bus here. Before I deposited savings, yesterday I went to withdraw to buy gold. If I get any interest, I will save the money for travel.
Mr. Van added that in the area selling by bank transfer, the number of waiting people is higher. If buyers buy for more than 20 million VND/turn, they will have to pay by bank transfer, waiting for them often buys more than 1 tael of gold.
For those who need to sell to take profits, queuing does not require waiting for long. After only about 10-15 minutes, Ms. Bui Dieu Linh (Cau Giay ward, Hanoi) shared: "I bought from the time when gold prices were only from 60-70 million VND/tael, selling at any time will be profitable. However, this time, there are things that need to be used, I sell them to both solve personal matters and make a considerable profit".
Gold price update
As of 11:20 am on March 9, SJC gold bar prices were listed at 180.1-183.1 million VND/tael (buying - selling), down 1.9 million VND/tael compared to yesterday's closing session.
Bao Tin Minh Chau listed the price of SJC gold bars at the threshold of 180.1-183.1 million VND/tael (buying - selling), simultaneously down 1.9 million VND/tael.
At the same time as the survey, SJC listed the price of plain round gold rings at 179.8-182.8 million VND/tael (buying - selling), down 1.9 million VND/tael in both directions.
Bao Tin Minh Chau listed the price of gold rings equal to the price of gold bars, currently at the threshold of 180.1-183.1 million VND/tael (buying - selling).
On the world market, as of 11:25 AM on March 9 (Vietnam time), world gold prices had a deep downward correction, listed around the threshold of 5,091.8 USD/ounce, down 80.2 USD.
