In recent days, the domestic gold market has recorded remarkable developments when the prices of plain round gold rings and gold bars decreased after a long period of hovering at a high level. Taking advantage of this opportunity, many people come to gold shops to buy in, considering this as a safe asset placement channel in the context of a still volatile economy.
Recorded at some large gold stores in Hanoi on April 28, the buying and selling atmosphere was bustling but no longer overloaded as before, mainly concentrated in plain round gold rings - a popular type of gold chosen by many people to keep assets.
At a gold business store on Tran Nhan Tong street, Ms. Dinh Thi Huong (Hai Ba Trung ward, Hanoi) said that she has been monitoring gold prices for a long time and decided to buy it when she saw the price decrease significantly.
I bought 5 taels of gold rings to save. What I am assured of is that the store I chose is currently selling unlimited quantities for each customer and can receive gold immediately, so I don't have to wait like before" - Ms. Huong shared.
Also taking advantage of this occasion, Mr. Bui Ngoc Nam (Ba Dinh ward, Hanoi) said that he buys gold not only for the purpose of saving but also to diversify assets.
I don't put all my money into one channel. In addition to depositing and investing in stocks, I set aside a portion to buy gold. When prices fall as they are now, this is a good opportunity to rebalance my portfolio" - Mr. Nam said.
He also said that the store he trades in has many people coming to buy and sell but not too crowded, just waiting about 30 minutes to buy gold.
Meanwhile, also present on Tran Nhan Tong street, Ms. Nguyen Le Thi Mai (Kim Lien ward, Hanoi) had a more cautious perspective, but still decided to spend money.
I don't buy much, only buy 1.5 taels of gold for self-defense. Gold has always been a safe asset, which can be used when needed. When prices are falling, I buy gradually, you shouldn't wait too long because it's difficult to predict the market" - Ms. Mai shared.
Gold price update
As of 9:15 am, SJC gold bar prices were listed by DOJI Group at the threshold of 166-168.5 million VND/tael (buying - selling), down 300,000 VND/tael in both buying and selling directions compared to yesterday morning.
Phu Quy Jewelry Group listed SJC gold bar prices at 166-168.5 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 165.5-168.5 million VND/tael (buying - selling), down 300,000 VND/tael in both buying and selling directions compared to yesterday morning.
Phu Quy Gold and Gems Group listed the price of gold rings at 165.5-168.5 million VND/tael (buying - selling), down 300,000 VND/tael in both buying and selling directions compared to yesterday morning.
At 9:15 am, world gold prices were listed around the threshold of 4,678.4 USD/ounce, down 28.6 USD compared to the previous day.
The downward trend of the international market is affecting domestic gold prices. People need to be cautious and avoid following the crowd mentality when gold prices fluctuate strongly, especially in the context that the difference between buying and selling prices is still maintained at a high level.
See more news related to gold prices HERE...
