Gold prices plummet, trading is smooth

Hạ Linh |

On April 6, gold prices adjusted down, gold stores continued to be bustling in the buying direction.

The domestic gold market had a reversal in the first session of the week, this morning (April 6), plain round gold rings and domestic gold bars fell in price. At a gold business store on Cau Giay street (Hanoi), new customers continuously added in the buying direction. However, the number of customers was not too large, and transactions were smooth.

As of 10 am, according to information released from the store, the maximum amount of plain round gold rings sold today is 10 taels of gold. If customers need to buy positions under 3 taels of gold, they will be able to trade directly, quantities from 5 - 8 taels and from 1 - 10 taels of gold will receive appointment slips until April 21.

Notably, at the same time, store staff announced that if customers need to buy gold bars, the store has about a few dozen products. For customers who have received invoices previously for plain round gold rings, the store will return the correct product, without changing to gold bars.

As one of the customers waiting for a purchase transaction this morning, Ms. N.T. N (Yen Hoa ward, Hanoi) said: "Today there are about 4 stalls, each stall with a maximum of 15 people, but it will also take a relatively long time. I plan to go to another brand to buy right away because I have urgent business, waiting like this will be around noon".

Tính đến 10h, khu vực ngồi chờ tại cơ sở mở rộng của cửa hàng kinh doanh vàng có khoảng 4 hàng, mỗi hàng từ 10-15 người. Ảnh: Hạ Linh
As of 10 am, the waiting area at the expanded premises of the gold business store has about 4 rows, each row with 10-15 people. Photo: Ha Linh

Similarly, Ms. V.T. L (Nghia Do ward, Hanoi) - a customer who needs to buy - said: "I arrived around 10 am but still had to sit and wait behind 3 rows. The other day I went to the store at 12 noon and there were not many people, so the transaction was quick, almost enough to buy right away. Today I plan to buy 5 taels of plain round gold rings. The house is not too far, so I plan to go home, I will return to the store at 12 noon".

Meanwhile, Ms. N.T. P (Dong Anh commune, Hanoi) traveled a distance of more than 18km to receive the product according to the appointment slip and could not buy more - shared: "I came from 7 am with the initial purpose of receiving gold according to the appointment slip, the store just told me to go to the expanded facility to wait. After sitting for a while, I asked the staff again and had to go to the main store, at that time there were already many people coming to receive it".

Ms. P added that after receiving the appointment, she wanted to buy more, so she went to the expanded store to continue waiting. After 3 hours of waiting, Ms. P had to turn around and leave: "When it was my turn, the system transaction reported that I could not buy because each person could only make 1 transaction.

Gold price update

As of 11:11 am on April 6, SJC gold bar price was listed at 170.1-17.31 million VND/tael (buying - selling), down 1.4 million VND/tael compared to the closing price range yesterday.

Bao Tin Minh Chau listed SJC gold bar prices at 170.1-173.1 million VND/tael (buying - selling), down 900,000 VND/tael on the buying side and 1.4 million VND/tael on the selling side.

At the same time as the survey, SJC listed the price of plain round gold rings at 169.9 - 172.9 million VND/tael (buying - selling), simultaneously down 1.4 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at the threshold of 168.1-117.1 million VND/tael (buying - selling), down 1.4 million VND/tael in both buying and selling directions.

On the world market, as of 11:15 am on April 6 (Vietnam time), world gold prices had a downward adjustment, listed around the threshold of 4,641.4 USD/ounce, down 34.6 USD.

Hạ Linh
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