Take advantage of buying gold when prices fall
On the morning of August 29, on Tran Nhan Tong street (Hai Ba Trung ward, Hanoi) - where many large gold trading stores in Hanoi are concentrated, buying and selling activities took place relatively stably. The number of customers coming to transact at times increased but not too much, buyers mainly took advantage of the time when gold prices decreased to carry out transactions.
In the area in front of gold shops, no signs of people gathering in large numbers or having to queue for a long time to wait for their turn. Inside the shop, customers mainly come to buy plain round gold rings in different quantities.
Some customers said they regularly monitor gold prices and choose the time when the market adjusts to buy in, instead of buying according to crowd psychology.
Mr. Bui Van Hoa (Hoan Kiem ward, Hanoi) - a resident who came to buy gold on Tran Nhan Tong street - said: "I have been following gold prices for the past few days, today I saw prices falling, so I took the opportunity to buy 5 taels of gold".
Also coming to buy gold rings, Ms. Ngo Ngoc Huyen (Cua Nam ward, Hanoi) said that today she bought 1 chi of gold at a price of 15.12 million VND/chi.
I had intended to buy it before, today seeing the price drop, I took the opportunity to buy 1 chi. I will continue to monitor gold price movements in the coming sessions" - Ms. Huyen said.
Gold stores sell unlimited quantities
An employee at a gold shop on Tran Nhan Tong street said that the store still sells gold normally, without quantity limits, and returns goods immediately according to customer needs.
In fact, Ms. Do Thi Thu (Bach Mai ward, Hanoi) came to buy 3 taels of gold, including one tael of 1 tael and one tael of 2 taels. After completing the transaction, she received gold immediately.
I saw that today's gold price decreased, so I took the opportunity to buy 3 chi. The store sells normally, I don't have to wait long, I can pawn the gold right after completing the transaction, so I find it quite convenient" - Ms. Thu said.
Gold price update
As of 9:20 am, Phu Quy listed SJC gold bar prices at the threshold of 145.7-148.7 million VND/tael (buying - selling), down 1 million VND/tael in both buying and selling directions compared to yesterday morning.
SJC gold bar price was listed by DOJI at the threshold of 145.7-148.7 million VND/tael (buying - selling), down 1 million VND/tael in both buying and selling directions compared to yesterday morning.
At the same time, Phu Quy Jewelry Group listed the price of gold rings at the threshold of 145.7-148.7 million VND/tael (buying - selling), down 1 million VND/tael in both buying and selling directions compared to yesterday morning.
The price of gold rings was listed by Bao Tin Minh Chau at the threshold of 147.2-151.2 million VND/tael (buying - selling), down 200,000 VND/tael in both buying and selling directions compared to yesterday morning.
At 9:25 am, world gold prices were listed around the threshold of 4,454.4 USD/ounce, down 127.6 USD.
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...
