Gold prices increase to nearly 190 million VND/tael, spontaneous foot-holding queuing services boom

Hạ Linh |

On March 2nd, gold prices continued to rebound. People lined up in long lines at gold shops to wait for transactions, and household queuing services boomed.

This morning, the price of plain round gold rings and domestic gold bars continued to skyrocket at most brands. At gold business stores on Cau Giay street, Hanoi, the scene of customers having buying needs is still bustling.

Recorded at Phu Quy Jewelry Company, the quantity of plain round gold rings sold this morning is unlimited. At the gold product trading counter, the line of people stretched out outside the store.

Người dân xếp hàng từ bên trong quầy giao dịch nối ra phía bên ngoài cửa hàng. Ảnh: Hạ Linh
People line up from inside the transaction counter connected to the outside of the store. Photo: Ha Linh

Ms. Tran Thi Mo (Xuan Phuong ward, Hanoi) - a customer who came to the gold store to buy for the first time - said: "Today both my mother and I went to buy for the first time. I went out to queue first and then ran away for work, my mother will come in to queue for me. From the time I entered until now, I pressed the speedometer, the transaction time is 10 minutes/person. I plan to buy about 5 taels of gold rings".

Similarly, Ms. Nguyen Thi Phan (70 years old, Hanoi) said that the crowded queuing situation took place at many gold businesses this morning. "I went through stores on Cau Giay street and saw that it was crowded, so I came here to queue. The other side limits 1 tael of gold, this side is not limited, so I came here. I just bought a little bit for my children and grandchildren later" - Ms. Phan said.

Continuing to record at Bao Tin Minh Chau Gold, Silver and Gemstone Co., Ltd., as of 9:51 am this morning, the store announced temporary out of stock. As one of the customers who came to queue early, Ms. Bui Thu Bich (Tay Ho ward, Hanoi) shared, my mother and I queued from 6 am until about 8 am to get into the store to sit and wait.

From early morning, people arranged numbers themselves, so when they came in, everyone rushed in without order, and the store also did not resolve it. Today, my mother and I bought more than 1 tael of gold after 4 hours of waiting" - Ms. Bich informed.

Talking to the customer who just completed the transaction, this person said: "The store has stopped receiving new customers, I went from 7 am to buy now. The people sitting next to me are on reservation, this afternoon the store will not transact further. If you need it tomorrow morning, I will queue for you, from 7:30 am to 10 am, the fee is 200,000 VND/person. If necessary, I will take a photo of the QR code when paying and send it to you or when it's your turn, I will call you out".

Tính đến 9h55, cửa hàng đã treo biển thông báo tạm hết hàng.
As of 9:55 am, the store has hung a sign announcing temporary out of stock in the context of gold prices soaring.
Bên trong khu vực ngồi chờ, mọi khu vực đều chật kín, thậm chí những người ngồi bên cạnh sẵn sàng ngồi “dự bị“. Ảnh: Hạ Linh
Inside the waiting area, all areas were packed, even the people sitting next to them were ready to sit "in reserve".
Trên các hội nhóm giao dịch vàng, lời chào mời xếp hàng hộ liên tiếp xuất hiện. Ảnh: PV
On gold trading groups, invitations to queue continuously appeared. Photo: Ha Linh

Gold price update

As of 10:40 am on March 2nd, SJC gold bar prices were listed at 185.6-188.6 million VND/tael (buying - selling), an increase of 1.6 million VND/tael.

Bao Tin Minh Chau listed SJC gold bar prices at the threshold of 185.6-188.6 million VND/tael (buying - selling), simultaneously increasing by 1.6 million VND/tael.

At the same time as the survey, SJC listed the price of plain round gold rings at 185.4-18.8 million VND/tael (buying - selling), an increase of 1.6 million VND/tael in both directions.

Bao Tin Minh Chau listed the price of gold rings at the threshold of 185.6-188.6 million VND/tael (buying - selling).

On the world market, as of 10:45 am on March 2nd (Vietnam time), world gold prices had a downward adjustment, listed around the threshold of 5,360.6 USD/ounce, up 82.4 USD.

Hạ Linh
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