Gold prices rise sharply, many people face difficulties in paying gold debts

Busily buying wedding gold

Recorded by Lao Dong reporters on the morning of January 27, the price of plain round gold rings and domestic gold bars continued to increase.

At many gold shops in Hanoi, people's demand for buying gold is still high. Many people take advantage of coming early, waiting before opening hours hoping to buy gold rings or gold bars, or buy them as wedding gifts.

Present on Tran Nhan Tong street, Ms. Tran Huyen Mai (Hoan Kiem ward, Hanoi) shared that on the previous wedding day, she and her husband received gold as a wedding gift from friends. Therefore, when a close friend is about to get married, she wants to buy gold to send back her heart.

However, according to Ms. Mai, the strong increase in gold prices recently has caused this plan to encounter many obstacles.

Last year I got married, my friends celebrated with gold, but then my husband and I sold it to get business capital. Now it's my turn to get married to my friend, I want to buy gold to celebrate again, but the current price is much higher than at the beginning of 2025" - she said.

Not only are prices high, but the supply in the market is also quite scarce.

Many stores have announced that they are out of stock and have not set a time to reopen for sale, some stores open for sale but limit the quantity sold, so I still have to continue waiting" - Ms. Mai said.

Sharing the same psychology, Mr. Pham Van Tu (Thuan An commune, Hanoi) said that he and his wife went to many stores to find gold rings as wedding gifts. However, according to Mr. Tu, in recent days, many businesses have limited the amount of gold sold, causing many obstacles to buy and sell, and people have to queue for quite a long time.

Sharing more, Mr. Tu said that although gold prices are at a high level, he and his wife still decided to buy it to maintain their relationship.

Previously, when my family held a wedding, relatives celebrated with gold. Now it's their turn to get married, my husband and I want to respond properly. Currently, we are waiting to see if the store will open for sale or not, hoping to be able to buy about 2 taels of gold rings" - Mr. Tu said.

Also queuing to buy gold in the morning of the same day on Tran Nhan Tong street, Ms. Le Hoai Thu (Vinh Thanh commune, Hanoi) said that she only looked to buy small gold, weighing 0.1 chi to suit her financial ability.

However, not every store has this type of gold available, while the number of buyers is quite large, causing transactions to take a long time to wait" - Ms. Thu said.

Gold price update

As of 11:35 am, SJC gold bar prices were listed by DOJI Group at the threshold of 175-177 million VND/tael (buying - selling), an increase of 500,000 VND/tael in both directions compared to yesterday morning.

SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 175-177 million VND/tael (buying - selling), an increase of 500,000 VND/tael in both directions compared to yesterday morning.

At the same time, DOJI Group listed the price of gold rings at the threshold of 173-176 million VND/tael (buying - selling), going sideways in both directions compared to the previous day.

Bao Tin Minh Chau listed the price of gold rings at the threshold of 174-177 million VND/tael (buying - selling), an increase of 500,000 VND/tael in both directions.

At 11:30 am, the world gold price was listed around the threshold of 5,074.5 USD/ounce.

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