According to Lao Dong reporter at 9:20 a.m. on January 20, on Tran Nhan Tong street (Hai Ba Trung, Hanoi), although the price of plain round gold rings has dropped sharply, many people still come to stores to buy them.
However, the store limited the sale of gold rings and did not announce the opening time in advance, causing many people in need to go everywhere to buy them.
Ms. Tran Thi Hoa (Hai Ba Trung District, Hanoi) - a customer coming to transact at a gold shop on Tran Nhan Tong Street - said: "At this time, it is very difficult to buy gold rings at gold and jewelry stores. Many times, before I can enter the store, the staff announces that the rings are sold out. There was a time when they opened for sale 1-2 taels for one person in a day. Today, I came early to buy but I haven't seen them open yet."
Similarly, Mr. Nguyen Van Hung (living in Hoan Kiem district, Hanoi) also had difficulty finding and buying gold rings.
"At the end of the year, I wanted to buy gold rings to save money, but it was really difficult. I came here several times but couldn't buy anything. Today, I came again, but the staff just informed me that there was no specific opening time yet. So I went home and came back another day," said Mr. Hung.
Ms. Pham Lan Huong (Dong Da district, Hanoi) shared: "I have been to this store 3 times but still have not been able to buy anything. They are not open for sale today, maybe I will choose another brand to buy gold rings."
An employee at a gold shop on Tran Nhan Tong Street said: "Today the shop is out of gold rings and gold bars so we cannot open for sale to customers. As for jewelry items, we are still trading normally."
Gold price update
As of 11:05 a.m. on January 20, the price of SJC gold bars listed by DOJI Group was at VND84.7 - 86.7 million/tael (buy - sell); down VND200,000/tael for both buying and selling.
The difference between buying and selling prices of SJC gold at DOJI Group is at 2 million VND/tael.
Bao Tin Minh Chau listed SJC gold price at 84.7 - 86.7 million VND/tael (buy - sell); down 200,000 VND/tael for both buying and selling.
The difference between buying and selling price of SJC gold at Bao Tin Minh Chau is at 2 million VND/tael.
At the same time, the price of 9999 Hung Thinh Vuong round gold ring at DOJI was listed at 84.4 - 86 million VND/tael (buy - sell); down 200,000 VND/tael for both buying and selling compared to early this morning.
Bao Tin Minh Chau listed the price of gold rings at 84.4-86.85 million VND/tael (buy - sell), down 650,000 VND/tael for buying and unchanged for selling compared to early this morning.
The world gold price listed on Kitco at 11:17 a.m. on January 20 (Vietnam time) is at 2,703.8 USD/ounce.
