Gold prices plummet, counterfeit queuing appears from early morning

Hạ Linh |

On February 6th, gold prices continued to "cool down". Stores were always packed with customers waiting to buy in, and foot-holding queuing services reappeared.

This morning, the price of plain round gold rings and domestic gold bars continued to have a sharp downward adjustment at most brands. At gold business stores on Cau Giay street, Hanoi, customers in need of buying struggled to wait for their turn.

According to information released from the store, the amount of plain round gold rings sold this morning is a maximum of 5 taels of gold. 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.

Tính đến 9h28, số lượng người dân có nhu cầu mua vàng ngồi chờ trong nhà chạm ngưỡng 200 người. Ảnh: Hạ Linh
As of 9:28 am, the number of people who need to buy gold sitting waiting indoors is about 200 people. Photo: Ha Linh

Many people queued and waited from 4-5 am, holding appointment slips in hand to leave, claiming that the store had not received any new customers, closing the number to 200 people.

Directly queuing from 4 am, Ms. Vu Phuong Mai (Tay Ho ward, Hanoi) - a customer who needs to buy in - shared: "Although I am pregnant, I am still determined to queue from 4 am to buy in large quantities, about a few taels of gold".

Ms. Xuan added that buying gold at this time is a difficult journey. Many people queue at this establishment because they are "holding gold" directly, other brands have to receive appointments up to 70 days.

Similarly, Ms. Do Mai Nhat (Nghia Do ward, Hanoi) is one of the first customers who said: "I leave from 4-5 am, when I arrive, I sit and wait in the first row. Buying gold now is not as easy as before, you have to stay up all night to be sure of a spot.

However, according to reporters' records, a situation of foot-waiting service has appeared in front of the store. This person said that they lined up from 3 am, each person "giving" 200,000 VND.

If I line up for them, customers must come at 6:30 am to replace seats, not later because the line is very crowded" - this person informed.

In addition to queuing for them, this group of people carried 2 babies in their arms to easily receive "priority".

Nhóm người đến từ 3h sáng để hoàn thành nhiệm vụ “xếp hàng thế chân” trong phiên giao dịch sáng nay. Ảnh: Hạ Linh
The group of people came from 3 am to complete the task of "placing feet in line" in this morning's trading session. Photo: Ha Linh

At another gold business establishment on Cau Giay street, a long line of people waiting in front of the store to buy Tung - Cuc - Truc - Mai gold product of 0.1 taels took place excitedly.

Tính đến 9h33, cửa hàng dừng nhận thêm khách hàng mới. Ảnh: Hạ Linh
As of 9:33 am, although gold prices fell sharply, the store stopped receiving new customers. Photo: Ha Linh

When reporters asked for all the votes issued this morning, immediately, a strange man came to greet and invite: "Do you want to buy? Get this person's votes, Tung'ban vi' product 0.1 chi, price 200,000 VND".

According to many people standing there, the Tung 0.1 chi gold line is still being sold by many establishments. This is not a rare product, only Truc - Mai are sought after by many people.

Ms. Phung Van Anh (Cau Giay ward, Hanoi) - waiting for relatives to line up to buy 0.1 taels of gold - said: "Yesterday, when I arrived, the store also announced that it stopped issuing coupons, Tung gold is not as difficult to hunt for as other types. This store informed that when I went to Ngo Quyen street, I could buy it.

Gold price update

As of 12:29 PM on February 6th, SJC gold bar price was listed at 172.4-145.4 million VND/tael (buying - selling), continuing the downward trend of 1.8 million VND/tael.

Bao Tin Minh Chau listed SJC gold bar prices at 172.4-175.4 million VND/tael (buying - selling), down another 1.8 million VND/tael.

At the same time as the survey, SJC listed the price of plain round gold rings at 171.9-174.9 million VND/tael (buying - selling), an increase of 400,000 VND/tael in both directions.

Bao Tin Minh Chau listed the price of gold rings at the threshold of 172.4-145.4 million VND/tael (buying - selling).

On the world market, as of 12:36 PM on February 6th (Vietnam time), world gold prices had an upward correction, listed around the threshold of 4, 853.9 USD/ounce, up 77.4 USD.

Hạ Linh
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