Recorded by Lao Dong reporter at 10:30 on April 3, the price of plain round gold rings and domestic gold bars increased dramatically.
At some gold shops on Cau Giay Street (Hanoi), people's demand for gold rings is increasing. Many people are willing to wait for hours to buy gold rings.
Mr. Nguyen Van Quan (Bac Tu Liem District, Hanoi) - a customer who came to buy gold rings at a gold shop on Cau Giay Street, Hanoi - said:
"In recent days, most stores have limited the quantity of gold rings sold. Today, the staff announced that each customer can buy a maximum of 5 taels. I have been here since 10am and have not yet been able to make a transaction and am still trying to wait".
Similarly, Ms. Pham Linh Ngan (Cau Giay District, Hanoi) had been at the store for more than an hour without having yet to buy gold rings.
"Currently, the demand for gold rings is very high, causing customers to queue for a long time. Although waiting takes me a lot of time, I still try to wait to buy" - Ms. Ngan said.
While many people are waiting to buy gold, some people decide to sell it to make a profit.
Ms. Ngo Thuy Phuong (Cau Giay District, Hanoi) - a customer coming to a gold shop on Cau Giay Street, Hanoi - shared: "Last week, I was still wondering about selling. However, today the gold price has reached an unprecedented high, so I decided to sell to make a profit".
Ms. Phuong said that customers who come to sell gold rings will be able to trade immediately and there is no need to wait. If in the future the price of gold decreases, she plans to continue buying gold rings as a long-term investment.
Gold price update
As of 11:30 on April 3, the price of SJC gold bars was listed by DOJI Group at 100.1 - 102.8 million VND/tael (buy - sell). The difference between buying and selling prices is at 2.7 million VND/tael.
Bao Tin Minh Chau listed the price of SJC gold bars at 99.7 - 102.4 million VND/tael (buy - sell). The difference between buying and selling prices is at 2.7 million VND/tael.
At the same time, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 99.9 - 102.8 million VND/tael (buy - sell).
Bao Tin Minh Chau listed the price of gold rings at 100 - 102.8 million VND/tael (buy - sell).
As of 11:35 a.m. on April 3, the world gold price listed on Kitco was at 3,142.25 USD/ounce.
