Domestic gold prices increased sharply again in the trading session on March 10, making trading demand at many large gold stores in Hanoi more active.
On streets with many gold shops such as Mai Hac De street and Tran Nhan Tong street, the buying and selling atmosphere was quite bustling from the early morning, with many people coming to queue for transactions.
Ms. Nguyen Quynh Huong - residing in Lang ward - said that she took advantage of coming early to buy gold for savings. According to her, recently, gold prices have fluctuated sharply, so she decided to buy a part to "hold money".
Although gold prices are increasing, I think there is still a possibility of continuing to rise. I plan to buy about 3 chi to gradually save, not buy a lot at the same time to avoid risks" - Ms. Huong said.
Also standing waiting to buy at a store on Tran Nhan Tong street, Mr. Tran Van Manh (Bach Mai ward) said that he has been monitoring gold prices for many days before deciding to go to the store.
According to Mr. Manh, buying gold at a time when prices are rising makes him somewhat hesitant but still wants to buy a small amount to prevent financial risks.
I intend to buy 5 taels of gold rings. The price increase is a bit hesitant, but gold is still a fairly familiar channel to keep assets for many people" - Mr. Manh shared.
Mr. Manh said that his store is selecting to sell a maximum of 2 taels of gold rings per customer. For customers placing orders from 4 taels of gold or more, the store arranges to return the goods on March 21 and orders under 4 taels are returned immediately.
Not only people come to buy, some customers also bring gold to sell when prices increase again. However, many people are hesitant before making a decision.
At a store on Mai Hac De street, Mr. Pham Trung Dung (Hanoi) said that he is considering selling the gold he bought from the end of 2024. According to him, in November 2024, he bought 1 tael of gold at a price of about 85 million VND/tael.
At that time, I bought it to save, I didn't think the price would increase so quickly. But my family was in need of money, so I had to consider selling some" - Mr. Dung said.
However, he said that there are still many concerns about the selling time. "If selling out to take profits, it is also a pity because the price may increase further. I am planning to sell in advance for about 3-5 just to solve family matters, the rest will continue to be kept" - Mr. Dung expressed.
Gold price update
As of 10:00 AM, SJC gold bar prices were listed by DOJI Group at the threshold of 182.5-185.5 million VND/tael (buying - selling), an increase of 3 million VND/tael in both buying and selling directions compared to yesterday morning.
SJC gold bar price was listed by Bao Tin Minh Chau at 183.1-186.1 million VND/tael (buying - selling), an increase of 3 million VND/tael in both buying and selling directions compared to yesterday morning.
At the same time, DOJI Group listed the price of gold rings at 182.5-185.5 million VND/tael (buying - selling), an increase of 3 million VND/tael in both buying and selling directions compared to yesterday morning.
Bao Tin Minh Chau listed the price of gold rings at 183.3-186.3 million VND/tael (buying - selling), an increase of 3.2 million VND/tael in both buying and selling directions compared to yesterday morning.
The strong upward momentum of the international market is creating momentum for domestic gold prices. People need to be cautious and avoid following the psychology of crowds when gold prices fluctuate strongly, especially in the context that the difference between buying and selling prices still remains high.
See more news related to gold prices HERE...
