Gold prices rise sharply, people switch to selling to take profits

Hạ Linh |

On April 8, gold prices adjusted up, gold stores suddenly became bustling in the selling session. Meanwhile, the number of buyers "cooled down".

The domestic gold market cut prices for 2 consecutive days, this morning (April 8), plain round gold rings and domestic gold bars rebounded. At gold business stores on Cau Giay street (Hanoi), the buying direction was somewhat "cooled down". In the opposite direction, the number of customers coming to sell was bustling at many times.

As of 9:28 am, according to information released from the store, the amount of plain round gold rings sold today is a maximum of 10 taels of gold. If customers need to buy positions under 1 tael of gold, they will be able to trade directly, the quantity is more than receiving the appointment slip.

Coming to the store with the need to buy plain round gold rings this morning, Ms. N.A. K (Cau Giay ward, Hanoi) said: "Today the store is more open, the number of people waiting to buy is not as crowded as in previous days. In previous days, around this time there would be about 4-5 rows waiting, today there are only about 2 rows. I plan to buy about 1-2 taels of gold to accumulate more, the day before I had business, so I also went to sell it.

Số lượng người chờ mua vào vàng nhẫn tròn trơn giảm so với những ngày trước đó. Ảnh: Hạ Linh
The number of people waiting to buy plain round gold rings decreased compared to previous days. Photo: Ha Linh

Meanwhile, Mr. D.N. H (Lang ward, Hanoi) - a customer who needs to sell - said: "I just arrived, the number of orders to receive sales tickets has increased to 33 people. Today the number of people going to sell is more crowded, I have to wait. However, the store has announced transactions to the number 20, the waiting time is probably not too long".

Mr. H added that during the waiting time, we were served more cakes and drinks, the store's service helped people transacting at the store feel somewhat more secure after the recent information.

Similarly, Ms. V.M.N (Hoai Duc commune, Hanoi) traveled a long distance of nearly 12km to sell - sharing: "I came quite early with the initial purpose of selling a little bit of brand gold from the store itself. After selling, I intended to buy an extra 1 tael of gold for relatives. My house is far away, so every time I go, I will take advantage of it, because selling and buying are different, not limited.

Gold price update

As of 11:11 am on April 8, SJC gold bar prices were listed at 172-175.5 million VND/tael (buying - selling), an increase of 2.5 million VND/tael on the buying side and 3 million VND/tael on the selling side.

Bao Tin Minh Chau listed the price of SJC gold bars at the threshold of 173.2-176.2 million VND/tael (buying - selling), an increase of 3.7 million VND/tael in both directions.

Bao Tin Minh Chau listed gold ring prices equal to gold bar prices, anchored at the threshold of 172-175 million VND/tael (buying - selling), simultaneously increasing by 3.7 million VND/tael.

On the world market, as of 11:15 AM on April 8 (Vietnam time), world gold prices had a recovery momentum, listed around the threshold of 4,795.1 USD/ounce, up 89.9 USD.

Hạ Linh
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